Business
Maritime Resources Provides Update for the Hammerdown Gold Project
Toronto, Ontario--(Newsfile Corp. - December 2, 2021) - Maritime Resources Corp. (TSXV: MAE) ...
About this update from New Found Gold Corp
[{"type":"text","content":"Maritime Resources Provides Update for the Hammerdown Gold ProjectToronto, Ontario--(Newsfile Corp. - December 2, 2021) - Maritime Resources Corp. (TSXV: MAE) (\"Maritime\" or the \"Company\") is pleased to provide an update on its Hammerdown Gold Project (\"Hammerdown\" or the \"Project\"), located in the Baie Verte Mining District of Newfoundland and Labrador, Canada near the towns of King's Point and Springdale. Hammerdown was formerly operated by Richmont Mines and produced 143,000 ounces gold with a run of mine grade of 15.7 grams per tonne. Highlights:Early works plan approved by the Province, site clearing activities commencedFeasibility study technical programs and mine planning underwayAppointment of Peter Goudie as Hammerdown Site Manager\"I am pleased with the progress we have made this year at Hammerdown to de-risk the project and the steps we have taken to move towards a construction decision in 2022. Site clearing is currently underway sooner than anticipated with approval of an early works plan by the Province,\" commented Garett Macdonald, President and CEO. \"Earlier this year we purchased the Nugget Pond gold plant in the Baie Verte mining camp, a key piece of processing infrastructure with a history of high gold recoveries and have now commenced work on the feasibility work with the primary engineering consultants. I would like to thank all the stakeholders in the community, our supportive shareholders and the employees and contractors for their hard work and dedication this year. I feel confident and optimistic about the future at Hammerdown going into 2022.\"Project PermittingIn September Maritime received government approval from the Province for its abridged development and closure plan covering an early works program for Q4 2021. Site vegetation clearing has commenced at the planned waste rock stockpile, open pit footprint and the sorting plant site. Over 25 hectares of the planned 50 hectares of clearing have been completed.Figure 1: Hammerdown Open Pit AreaTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4548/106288_808f68ec64d79ab4_001full.jpgThe Hammerdown Project was subject to a comprehensive provincial environmental assessment process and did not present federal assessment triggers of the federal Fisheries Act, Navigable Waters Protection Act, or the Speci...