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Maritime Options El Strato Project Adjacent to Whisker Hill with Gold Assays as High as 239.6 g/t
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Maritime Resources Corp. ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Options El Strato Project Adjacent to Whisker Hill with Gold Assays as High as 239.6 g/tVancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or \"the Company\") is very pleased to announce that it has entered into an option agreement to earn a 100% interest in the El Strato property which connects to the west side of the recently acquired Whisker Hill Project. The El Strato Property is located only 10 km from Maritime's Hammerdown project, near King's Point, Newfoundland. Maritime now holds close to 60 square kilometers of highly prospective ground which is being referred to as the Whisker Valley Project. The 5-square kilometre El Strato property (\"El Strato\") consists of 19 claim units owned by United Gold. Maritime continues to look at these high grade, early discovery stage gold prospects that are strategically located close to the Hammerdown project. The property is located immediately to the west of the Whisker Hill project only 10 km from the re-developing Hammerdown Greenbay Gold Project. These two new acquisitions (Whisker Hill and El Strato), contain high grade gold veins which could significantly add high grade material to expand the Hammerdown resource with a common operating base. At present, Hammerdown development plans include trucking high-grade gold ore approximately 140 km to the Nugget Pond gold mill.The El Strato Option agreement is subject to TSX Venture Exchange approval and all securities issued will be subject to a four month hold period.Gold Zone High LightsTo date, there have been a number of gold occurrences outlined within the El Strato property, including the El Strato and Voodoo showings, which were discovered by Noranda Exploration in the late 1980's during a regional exploration program. Numerous additional gold showings were identified to the NE of these occurrences over an approximate 3 km strike length, related to the Northeast Extension, Crooked Creek and Arrowhead fault zones. El Strato grab samples assayed up to 155.7 g/t Au and chip samples up to 239.6 g/t Au over 0.5 metres. Significant base metal-silver values of 1.0% Cu, 7.7% Pb, 5.5% Zn and 1.0 oz/t Ag were also reported. Diamond drill hole ML 99-07 drilled on the El Strato intersected a new vein that assayed 9.96 g/t Au, 15.6% Pb, 1.88% Zn and 41.48 g/t Ag, over...