NEWFOUNDLAND – Maritime Resources Corp. of Vancouver and Rambler Metals & Mining of Baie Verte, NL, have awarded the contract for a prefeasibility study of their Green Bay property including the former Hammerdown gold mine and Orion gold deposit about 1.5 km away. The study will be conducted by WSP Canada.
Using a 3 g/t Au cut-off, the Hammerdown property, including the Rumbullion and Muddy Shag deposits, has 727,460 measured and indicated tonnes grading 11.59 g/t Au and 1.77 million inferred tonnes grading 7.68 g/t. The Orion deposit has 1.10 million measured and inferred tonnes at 4.47 g/t Au plus 1.29 million inferred tonnes at 5.44 g/t. Total contained gold in the measured and indicated category is 425,000 oz and in the inferred category is 660,000 oz.
Maritime Resources holds 100% of the Green Bay property, located near Springdale, Newfoundland and Labrador. The property hosts the past producing Hammerdown gold mine and the Orion gold deposit. The Hammerdown gold deposit was mined between 2000 and 2004. A total of 291,400 tonnes of ore were mined and milled, at an average grade of 15.83 g/t Au with a cut-off grade of 8 g/t Au, recovering a total of 143,000 oz of gold. All of the ore was processed at the Nugget Pond mill, now owned and operated by Rambler.
Further information about the Green Bay property is posted at www.MaritimeResourcesCorp.com.