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Maritime Resources Intersects 20.1 gpt Gold over 3.0 Metres at Orion, Including 159.5 gpt Gold over 0.31 Metres
Toronto, Ontario--(Newsfile Corp. - October 19, 2021) - Maritime Resources Corp. (TSXV: MAE) ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Intersects 20.1 gpt Gold over 3.0 Metres at Orion, Including 159.5 gpt Gold over 0.31 MetresToronto, Ontario--(Newsfile Corp. - October 19, 2021) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce drill results and an update from its ongoing 40,000 metre (\"m\") exploration program. The results reported are from drilling at the Hammerdown Gold Project (\"Hammerdown\" or the \"Project\") in the Baie Verte Mining District of Newfoundland and Labrador, Canada which includes the Hammerdown and Orion gold deposits. Exploration activities are ongoing with two diamond drill rigs now focusing on new regional targets near Hammerdown and west of the Green Bay fault at the Whisker Valley and Gull Ridge projects (\"Figure 1\"). Highlights:20.1 gpt Au over 3.0 m, including 159.5 gpt Au over 0.31 m (BB-21-179, Orion)2.77 gpt Au over 4.31 m (BB-21-166, Orion)1.06 gpt Au over 13.88 m (MP-21-191, Hammerdown)5.93 gpt Au over 1.72 m (MP-21-197, Hammerdown)2.94 gpt Au and 30.55 gpt Ag over 2.98 m (GA-21-36, Golden Anchor zone)Completed property scale airborne VTEM, ZTEM and ground based IP geophysical surveys Year to date drilling totals 20,000 m, 50% of the planned 40,000 m program \"The first phase of drilling this year has focused on untested areas at the Hammerdown Gold Project where we believe potential exists to expand mineral resources and improve project economics. Three areas are showing promise including a high-grade plunge at the Orion deposit, new shallow mineralization at the Orion North target with similarities to the felsic porphyry mineralization found at Orion and Hammerdown's Wisteria zone and a new vein system at the Golden Anchor zone located 200 metres east of Hammerdown which is open in all directions,\" commented Garett Macdonald, President and CEO. \"Our regional exploration program is now revealing several exciting areas of new gold, silver and nickel-copper-PGM mineralization across our 360 square kilometre contiguous property with drilling underway with two drill rigs and a third to be added soon.\" Hammerdown Gold Project Drilling Recent drilling at the Orion deposit has focused on resource definition and areas for potential expansion (\"Figure 2\"). Drill hole BB-21-179 successfully targeted a 60 metre wide gap in the Main zone returning an interval of 20.1...