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Maritime Reports Positive Metallurgical Test Results Using Ore Sorting Technology at Hammerdown
Toronto, Ontario--(Newsfile Corp. - May 22, 2019) - Maritime Resources Corp. (TSXV: MAE) ("Ma...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Reports Positive Metallurgical Test Results Using Ore Sorting Technology at HammerdownToronto, Ontario--(Newsfile Corp. - May 22, 2019) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to report positive metallurgical test results using ore sorting technology for its 100% owned, high-grade Hammerdown development project where the Company realized 40% rejection and 97% Gold recovery. Maritime's Hammerdown gold project is located near the Baie Verte Mining District and Springdale, Newfoundland and Labrador. The Hammerdown deposit is characterized by a number of near-vertical, narrow mesothermal quartz veins containing gold in pyrite. Hammerdown was last operated by Richmont Mines between 2000-2004 producing 143,000 ounces of gold at an average mine grade of 15.7 gpt Au through a combination of narrow vein open pit & underground mining. \"Our recent metallurgical test work was successful in determining a process that can concentrate the sulphide mineralization at Hammerdown while achieving high gold recoveries,\" adds Garett Macdonald, President and CEO. \"A gold deposit like Hammerdown is well suited to modern ore sorting technologies where a combination of X-Ray transmission (XRT) and laser sensors can effectively identify and separate sulphide mineralization from waste rock. As the gold at Hammerdown is contained in sulphides this innovative technology has the potential to concentrate the mineralization while discarding unwanted dilution. The result is a higher precious metal grade and lower volume of feed that is more cost effectively mined, transported and processed. Based on these encouraging results and with additional confirmatory test work we will look at incorporating this technology into the Pre-Feasibility Study (PFS) update for Hammerdown and testing mineralization from our other projects, like Whisker Valley, where high grade sulphide veins similar to Hammerdown were recently discovered.\"Discussion of ResultsTest work during Q1 2019 was conducted at Steinert's Kentucky ore sorting facility on approximately 1,000 kg of metallurgical sample collected from the J vein at the existing Hammerdown open pit. A process involving both XRT and laser sorting was used to successfully separate the sulphide mineralization from the waste rock. Details of the program are highlighted bel...