Maritime Resources Hits 26.2 G/T Gold Over 4.0 Metres At Hammerdown Project, Newfoundland

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.

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.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

The Yukon: Canada’s Original Hotbed of Gold Exploration

The California Gold Rush began in 1848 and resulted in a mass migration of people...

Saturday, September 26, 2020, 01:30:00 PM

Freeman Gold Intersects 2.5 G/T Gold Over 151 Metres At Lemhi

Freeman Gold (CSE: FMAN) this morning released the latest results from its drill program at...

Thursday, March 18, 2021, 08:35:16 AM

Fiat Expansion Is Driving Money Into Hard Assets – The Daily Dive feat Florian Grummes

Today on the Daily Dive, host Cassandra Leah sits down with that of Florian Grummes,...

Tuesday, March 23, 2021, 01:30:00 PM

Pure Gold Mining Hits 23.4 G/T Over 2.9 Metres In Further Drilling

Pure Gold Mining (TSXV: PGM) released further assays from ongoing underground exploration at its flagship...

Monday, December 7, 2020, 08:21:50 AM

Apollo Gold & Silver Closes Stronghold Silver Acquisition; Now Holds Three Key Silver Projects

On July 9, Apollo Gold & Silver Corp. (TSXV: APGO) closed its acquisition of the...

Saturday, July 17, 2021, 09:00:00 AM