Maritime Resources (TSXV: MAE) this morning reported assay results from its ongoing exploration program at its Hammerdown Gold project, located in Newfoundland. Two drill rigs are currently actively drilling the property, with the latest assays from the program including highlights of 26.2 g/t gold and 1.7 g/t silver over 4.0 metres at the Orion deposit.
Maritime’s Hammerdown property currently has three zone that the company is working on conducting further drilling at, with current drilling being focused on both infill and step outs. The Hammerdown, Orion, and Lochinvar VMS Zone have all seen active drilling in the current program, with highlight results being released this morning from each location. While Hammerdown was previously the major focus of the program, the company is now testing targets along the 5 kilometre long trend.
The Hammerdown Gold Deposit saw its latest assays hit values of 9.46 g/t gold and 2.01 g/t silver over 2.3 metres as its highlight values. Meanwhile, Lochinvar saw highlight mineralization of 0.85 g/t gold, 150.9 g/t silver, 0.73% copper, 3.33% lead and 7.62% zinc over 11.6 metres.
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At Orion, the highlight value above of 26.2 g/t gold and 1.7 g/t silver over 4.0 metres was hit, notably at a depth of 72.0 metres. The company appears to be most excited about these results, indicating that the core contained visible gold, and that they may have intersected a new style of structurally controlled high grade mineralization. Further step out drilling is to be conducted at Orion as a result.
Drill results from a total of eight holes were released this morning, with further assays currently pending.
Maritime Resources last traded at $0.15 on the TSX Venture.
Information for this briefing was found via Sedar and Maritime Resources Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
