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Maritime Resources Discovers New Gold Zone 300 Metres South of Hammerdown Deposit
Toronto, Ontario--(Newsfile Corp. - June 22, 2022) - Maritime Resources Corp. (TSXV: MAE) ("M...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Discovers New Gold Zone 300 Metres South of Hammerdown DepositToronto, Ontario--(Newsfile Corp. - June 22, 2022) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce drill results from its recently completed 6-hole 1,367 metre (m) drilling program at the Hammerdown Gold Project (\"Hammerdown\" or the \"Project\"). The focused drill program tested a coincident gold and geophysical trend which extended from the Orion North Zone towards the northeast along a prominent magnetic low trend. Broad spaced drilling identified a 30.2m-wide zone of near surface gold mineralization closely resembling the gold mineralization seen in the Main Zone at the Orion deposit and the new Wisteria Zone at the Hammerdown deposit. HighlightsDrill hole DC-22-02 intersected a broad interval of near surface disseminated and vein hosted gold mineralization with 30.2 m grading 0.76 grams per tonne (\"gpt\") Au, including 8.9 m grading 1.74 gpt Au.DC-22-02 is located 700m northeast and along strike of the newly discovered Orion North trend (Figure 2) and 300 m south of Hammerdown's Wisteria Zone on the southern edge of the Preliminary Economic Assessment (\"PEA\") pit shell. This discovery opens a new target area trending towards the northeast end of the proposed pit shell. The gold mineralization is coincident with a prominent magnetic low trend which extends over 1 km to the northeast of the discovery hole and 2 km southwest towards the Orion deposit. Mineralization is open in all directions and a follow up exploration program is currently being planned.Beetle Pond Zone: 12.1m grading 19.9 gpt Ag 0.48 gpt Au, 0.03% Cu, 0.12% Pb and 0.25% Zn, including 4.1m grading 40.9 gpt Ag, 1.1 gpt Au, 0.04% Cu, 0.12% Pb and 0.28% Zn in drill hole GA-22-48This new discovery hosts substantial intervals of high-grade and low-grade mineralization similar to gold intersections reported from the Orion and the Wisteria Zones. The gold mineralization occurs over a 30m wide zone that is vertical to sub-vertical and is projected to come to surface. The trend of the zone, based on the geophysics and regional drilling, continues to the northeast with over 1 km with no drilling. Previous exploration programs at Hammerdown's Wisteria Zone, a bulk zone located on the south side of the deposit, encountered this style of mine...