Business
Maritime Resources Expands Land Holdings and Provides Outlook for 2021
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) -  Maritime Resources Corp. (TSXV:...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Expands Land Holdings and Provides Outlook for 2021Toronto, Ontario--(Newsfile Corp. - January 14, 2021) -  Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to update shareholders by outlining plans for 2021 at its Whisker Valley and Hammerdown Gold Projects, located in the Baie Verte Mining District of Newfoundland and Labrador, Canada. The Company also advises that it has added 2,300 hectares of mineral claims located between the Hammerdown and Whisker Valley Projects along the Green Bay fault.\"In 2020, we saw significant progress at the Hammerdown Gold Project. The Company defined an attractive, high margin, low capital project in the Preliminary Economic Assessment completed in February1. Project permitting has been initiated, and a letter of intent to purchase the Nugget Pond gold plant was executed at year end. Our exploration group safely completed over 25,000 metres of diamond drilling at Hammerdown and Whisker Valley while successfully managing the challenges faced with the COVID-19 pandemic. This drilling added considerable new data that will be used to update the mineral resource estimate at Hammerdown and led to the discovery of several new mineralized zones and geophysical anomalies,\" commented Garett Macdonald, President and CEO. \"Our plans for 2021 will focus on advancing Hammerdown to a development decision later in the year following the completion of a feasibility study and receipt of project permits. Exploration will remain a key focus for the Company as we test several exciting new discoveries made in the latter part of 2020, including the Orion deposit where we recently intersected a new zone grading 5.2 gpt gold over 13.02 metres that is open in all directions. Additional drill results from this area are expected from the assay lab and will be communicated imminently. We wish to thank our shareholders, host communities and other stakeholders for their continued support, and we look forward to further success in 2021,\" continued Mr. Macdonald.2021 Outlook: Diamond drilling and regional exploration work to continue throughout the year with 17,000 metres of drilling targeting mineral resource growth at the Hammerdown Gold Project in the two kilometre gap between the Orion and Hammerdown deposits. Drilling will also test several newly identified geoph...