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Maritime Identifies New High-Grade Gold in Outcrop on Whisker Valley Property and Consolidates Land Holdings over Gold Trend
Toronto, Ontario--(Newsfile Corp. - April 11, 2023) - Maritime Resources Corp. (TSXV: MAE) ("Mar...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Identifies New High-Grade Gold in Outcrop on Whisker Valley Property and Consolidates Land Holdings over Gold TrendToronto, Ontario--(Newsfile Corp. - April 11, 2023) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update on exploration activity on the Whisker Valley and El Strato gold properties in the Baie Verte mining district of Newfoundland and Labrador. Maritime announces the discovery of a new high-grade gold prospect at the Whisker Valley project and has acquired an option on an additional mineral license, the 125 hectare, five-claim El Strato Property to consolidate a well-defined gold trend spanning 7 kilometres (\"kms\"). The El Strato gold mineralization is located proximal to the regionally significant Baie Verte Brompton Line (BVBL) and is a structurally controlled orogenic style that is comparable to the prolific gold rich Abitibi Archean greenstone belt of Central-Southern Quebec. Highlights:Maritime's exploration team has identified a large alkalic porphyry center and an accompanying alkalic epithermal system at the Fluorite Zone, located within the Whisker Valley property.Initial drilling of the epithermal system encountered local anomalous fluorite, gold, silver, zinc, molybdenum, and lead values. The most significant results were obtained from hole FZ-21-08 which encountered 0.064% molybdenum over 9.0 m and 0.8 m of 2.65 grams per tonne (\"gpt\") gold, including 0.35 m of 6.27 gpt gold. See Figures 6 and Table 2.Additional drilling 300 meters south of the Gary Vein Zone intersected significant mineralization including WH-21-34 returned 5.95 g/t gold over 0.48 m, WH-21-35 returned 7.57 g/t gold over 0.20 m, highlighting the potential for new vein discoveries in the area. See Figure 8 and Table 3.Trenching of a chargeability anomaly near the Whisker Valley fault zone exposed a new polymetallic quartz/sulphide vein over 5.0 m with initial grab samples grading up to 8.54 gpt gold, 8.0 % lead, 24 gpt silver. See Figure 7, 8 and Table 1.Maritime optioned additional claims on the El Strato gold trend further consolidating an emerging gold mineralized system stretching over 7 kms. New sampling by Maritime in 2022 of the El Strato Trend returned high grade gold values up to 21.83 gpt and 2.95 gpt gold in quartz/carbonate/sulphide veins verifying the high-grade...