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Maritime Initiates Work Program at Hammerdown
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2017) - Maritime Resources Corp....
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Initiates Work Program at HammerdownVancouver, British Columbia--(Newsfile Corp. - September 27, 2017) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\") is pleased to announce it is proceeding with work programs to advance the Hammerdown gold project located on the Green Bay Property in Newfoundland and Labrador, Canada. The work will commence immediately with a 3,000 meter drill program, trenching, and excavating material to gain access to the underground portal. Environmental programs will also be continued to support the ongoing permitting process to bring the past producing Hammerdown mine back into commercial production. Excavation of the Portal When the mine closed in 2004 the portal and area in front of the portal was plugged with unconsolidated material and re-contoured as part of the reclamation requirements. Excavation work has now begun to the remove the material in front of the portal to expose the plug for removal. Once the plug is removed underground access will be restored for inspection and rehabilitation. Trenching ProgramThe Hammerdown deposit consists of gold rich vertical veins averaging over a meter in width with visible exposure on the surface. During the first year of production in 2001 the previous operator mined 17,500 ore tonnes averaging approximately 16 grams per tonne gold from a small surface open pit operation. A trenching program has been initiated to sample several of these veins to further evaluate their surface mining potential. If possible, this may reduce the pre-production timeline as outlined in the Prefeasibility Study and potentially increase the annual gold production. Drill ProgramA 3,000-metre drilling program has been initiated to test both the Rumbullion gold vein extension and the Hammerdown inferred resource area. The Rumbullion drilling will target both veins exposed by the surface trenches and the geophysical targets outlined in last year's Geophysical program. This drilling will test the potential extension of the deposit for approximately 1,000 meter north east of Rumbullion. The Hammerdown portion of the drill program is targeting the inferred resource that exists within the mine plan area as outlined in the Prefeasibility Study announced in March of 2017. Currently there are approximately 400,000 ounces of Au in the inferred category estimated within the PFS mine...