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Maritime Resources Intersects 2.90 Grams per Tonne Gold over 31.0 Metres at Hammerdown in New Wisteria Zone
Toronto, Ontario--(Newsfile Corp. - September 24, 2020) - Maritime Resources Corp. (TSXV: ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Intersects 2.90 Grams per Tonne Gold over 31.0 Metres at Hammerdown in New Wisteria Zone Toronto, Ontario--(Newsfile Corp. - September 24, 2020) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to announce additional assay results from its ongoing exploration program at the Hammerdown Gold Project (\"Hammerdown\" or the \"Project\") located near the towns of King's Point and Springdale, Newfoundland and Labrador. Two diamond drill rigs are currently active at the Project completing infill and step out exploration on key targets at all deposits including Hammerdown, Orion and the historic Lochinvar VMS deposit. Highlights Shallow, wide disseminated gold mineralization encountered within Hammerdown's newly defined Wisteria Zone located within the Preliminary Economic Assessment (PEA) open pit mine plan including:31.0 m @ 2.90 gpt Au and 1.24 gpt Ag in drill hole MP-20-13025.2 m @ 1.62 gpt Au and 0.58 gpt Ag in drill hole MP-20-12622.0 m @ 1.45 gpt Au and 0.38 gpt Ag in drill hole MP-20-127Drilling below the PEA open pit mine plan encountered high-grade mineralization in drill hole MP-20-113 with 4.71 m @ 15.44 gpt Au and 1.39 gpt Ag, including 354.8 gpt Au and 30.1 gpt Ag over 0.20 m Initial infill drilling at the Orion deposit intersects 7.62 m @ 2.25 gpt Au and 0.72 gpt Ag with visible gold in drill hole BB-20-98\"Maritime's exploration program at Hammerdown continues to demonstrate the high-grade nature of the Project, including the new Wisteria Zone where drilling has intersected wide intervals of gold and silver mineralization outside of the current mineral resource and within the PEA open pit shell. These results are very encouraging and introduce a new chapter at the project that is different than the narrow vein system that is normally encountered. Our initial 10,000 metre infill and grade control program has been completed and a second 10,000 metre phase of drilling has started up targeting exploration targets at Hammerdown and Whisker Valley,\" commented Garett Macdonald, President and CEO. Wisteria ZoneThe Wisteria Zone is a broad mineralized shear zone located near the juncture of the Captain Nemo and the Rumbullion Fault zones and has been redefined by more current drilling campaigns at Hammerdown. Mechanical trenching in 2020 by Maritime has exposed a strongly she...