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Maritime Resources Announces Orion North Discovery and Completes VTEM Survey
Toronto, Ontario--(Newsfile Corp. - January 7, 2021) - Maritime Resources Corp. (TSXV: MAE) (...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Announces Orion North Discovery and Completes VTEM SurveyToronto, Ontario--(Newsfile Corp. - January 7, 2021) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce a new gold discovery at the Hammerdown Gold Project (\"Hammerdown\"), located in the Baie Verte Mining District of Newfoundland and Labrador, Canada. This new discovery occurs along the favorable Hammerdown Deformation Zone between the current Hammerdown and Orion deposits and is open in all directions. The Company has also completed a new high resolution, helicopter borne geophysical VTEM survey with Geotech Ltd. across the entire Green Bay land holding which hosts the Hammerdown Gold Project. The survey has identified several new targets including a large conductor between Hammerdown and Orion on the edge of where this new discovery was made. Highlights:22.73 gpt Au over 0.44 metres (\"m\") containing visible gold in drill hole BB-20-123 located at the new Orion North target, approximately 300 m NE of the Orion deposit5.23 gpt Au over 13.00 m, including 8.36 gpt Au over 3.90 m at Orion in drill hole BB-20-1305.75 gpt Au over 4.00 m, including 103.9 gpt Au over 0.20 m at Orion in drill hole BB-20-113New VTEM survey completed over the entire 150 km2 Green Bay property identifying several untested conductive targets with similar signatures as the Hammerdown deposit \"While historically exploration has largely focused on the Hammerdown and Orion deposits, there has been limited drilling in the immediate surrounding area. In particular, the two-kilometre-wide gap between the Hammerdown and Orion deposits has not been explored,\" commented Garett Macdonald, President and CEO. \"Work is underway to test the Hammerdown Deformation zone in this promising area. The recently completed VTEM survey has identified several new anomalies on the Company's land holdings including the new Orion North target, located 300 m northeast of the Orion deposit along the Hammerdown Deformation Zone. The 2021 exploration drill program is set to begin later this month and we will be following up on Orion North and other high priority targets in the area near Hammerdown with the goal of bringing new ounces into the future mine plan,\" continued Mr. Macdonald. Discussion of ResultsDrill hole BB-20-123 was collared 300 m northeast of Orio...