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Maritime Resources Provides Exploration Update
Toronto, Ontario--(Newsfile Corp. - February 6, 2023) - Maritime Resources Corp. (TSXV: MAE) ("M...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Provides Exploration UpdateToronto, Ontario--(Newsfile Corp. - February 6, 2023) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update on exploration activities near the Company's 100% owned Hammerdown Gold Project (\"Hammerdown\" or the \"Project\") in the Baie Verte mining district of Newfoundland and Labrador, Canada near the Towns of King's Point and Springdale. Maritime is currently conducting a 5,000-metre diamond drill program near Hammerdown, focusing on near-mine exploration targets along the 3-kilometre trend between the Orion project and the Golden Anchor zone. Highlights8.4 grams per tonne (\"gpt\") Au over 2.14 m, including 65.5 gpt Au over 0.20 m in drill hole BB-22-210 (Orion)1.9 gpt Au over 10.00 m, including 19.2 gpt Au over 0.34 m in drill hole BB-22-207 (Orion)1.6 gpt Au over 8.91 m, including 17.4 gpt Au over 0.20 m in drill hole BB-22-211 (Orion)3.0 gpt Au over 4.26 m, including 55.0 gpt Au over 0.20 m in drill hole BB-22-208 (Orion)4.5 gpt Au over 2.85 m, including 37.2 gpt Au over 0.30 m in drill hole MP-22-227 (Area 22)Garett Macdonald, President, and CEO comments, \"In late 2022 Maritime completed over 4,000 meters of drilling in 25 drill holes at both the Orion gold deposit and the newly discovered Area 22 zone. These targets lie outside of the proposed footprint for the Hammerdown gold project and represent two important areas for potential mineral resource expansion. The results at Orion have been particularly encouraging with the presence of visible gold in multiple drill holes which is something not often encountered on the Orion property. Permitting for Hammerdown Gold Project continues to advance with the submission of both the Development Plan and the Rehabilitation and Closure Plan, marking the final phase of major provincial permitting approvals for the Project.\" Orion ProjectThe current drill program at Orion is focused on completing additional definition drilling in the shallow extents of the deposit. The additional 2022 infill drilling at Orion (Figure 1.) has verified the continuity and grade of the mineralized zones within the interpreted mineralized shapes as defined by previous drilling. Visible gold has been logged in multiple drill holes. Orion drill hole BB-22-207 intersected 1.86 gpt Au over 10.00 m, including 19....