Maritime Resources (TSXV: MAE) this morning announced results from sampling of high grade mineralization in bedrock and float samples at its Whiskey Valley Project, located in the Baie Verte Mining District of Newfoundland. Field sampling of the projects high grade boulder field returned values as high as 75.80 g/t gold, 35.20 g/t silver and 0.75% copper within float samples.
Trenching and prospecting was primarily focused on what is referred to as the Gary Veins on the property, as well as the Gold Pit which is located 1.5 kilometres east of the vein system. Prospecting within the boulder field at Gold Pit saw 69 boulders samples for mineralization, with gold values between 0.01 g/t and 75.80 g/t as well as silver values between 0.20 g/t and 80.40 g/t being discovered. 45 of the 69 samples returned gold values greater than 1 g/t, while 21 returned values higher than 10 g/t.
Mineralization within the boulder field is said to resemble mineralization found at the Gary vein system. Trenching within the gold pit area returned values between 16.94 g/t and 37.15 g/t gold, along with values between 39.7 g/t and 98.4 g/t silver and values between 1.31% and 3.13% copper.
A new high grade gold area was also discovered during the current exploration program 1.6 kilometres to the north of the Gary system. Three grab samples were taken here, which assayed 3.95 g/t gold and 0.90 g/t silver, 4.27 g/t gold and 1.30 g/t silver, and 15.59 g/t gold and 3.20 g/t silver. The area, as of yet unnamed, is a high priority target for trenching and drilling.
The 2020 exploration program being conducted by Maritime Resources at the Whsiker project is focused on prospecting, trenching, as well as an initial 5,000 metre diamond drill program. Drilling is currently expected to commence mid-month to test the extensions of the Gary vein system and similar zones across the property.
Maritime Resources last traded at $0.17 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.
