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Maritime Resources Corp.: High Grade Gold in Trenches at Hammerdown, Green Bay Project
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Maritime Resources Corp. ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Corp.: High Grade Gold in Trenches at Hammerdown, Green Bay ProjectVancouver, British Columbia--(Newsfile Corp. - November 16, 2017) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\") is pleased to announce that, as part of the Exploration Program at Green Bay in 2017, surface trenching of veins at the Hammerdown gold project returned high grade gold values in multiple channel samples across the deposit.The J and K veins are just two of the 10-vein gold system and are exposed on the surface for over 30 meters and 15 meters respectively. They are located near the south wall of the small open pit that was mined by the previous operator, Richmont Mines. During the original start-up of the Hammerdown Mine in year 2000, Richmont produced 8500 ounces from the small open pit over a period of just 4 months. High grade gold assays were received from the J-Vein, ranging from 3.5g/t Au over 0.3 m to 67.5g/t over 0.5 meters. Assay values were also received from K-Vein, where 2 samples assayed 11.8 g/t Au over 0.5 m and 27.2 g/t Au 0.3 m. Values at the L-Vein, which is oblique to the pit wall, west of the high-grade portion of the Hammerdown vein system, were lower than 1 gm/t Au, due to its position outside the main high-grade zone.The surface traces of the \"J\" and \"K\" veins are upward projections of previous drill hole intersections from 30 to 50 meters depths. These veins trend parallel to the pit wall and are being targeted for its open pit potential in the early stages of re-starting the mine. This could potentially reduce the preproduction timeline as outlined in the recently released prefeasibility study. The maps attached show the location of the channel samples with detailed assays below. The maps also show the position of the veins in proximity to the existing open pit wall edge.TABLE of CHANNEL SAMPLES, (showing grade, thickness and extent of the J and K vein)VEINCHANNEL WIDTHGOLD (g/t)VEIN EXTENT(Length)J-10.75m6.5 g/t7.62mJ-10.60m6.3 g/t4.18mJ-10.34m10.39 g/t3.05mJ-10.5m67.5 g/t4.07mJ-11.3 m0.2 g/t4.88mJ-10.75m2.6 g/t7.3m  K-10.5m11.8 g/t6.55mK-11.3m0.53 g/t3.15mK-10.27m26.87 g/t6.75m  K-20.79m3.11 g/t7.4m A number of grab sample were also taken from surface on the J Vein, these samples were primarily semi-massive pyrite within a quartz vein which is characteristic of the high-grade gold ...