September 15, 2018 ~ On September 13th, Vancouver-based exploration company Maritime Resources Corp. announced the final set of drill results from their diamond drilling work this year at the ‘Hammerdown gold deposit’, located off King’s Point road (Route 391).
The company stated it completed “1,733 meters drilling in 31 drill holes immediately south of the historical open pit mining area.”
At the original start-up of the Hammerdown Mine 18 years ago, previous mine owner Richmont Mines operated a small open pit at the site.
Maritime stated a goal of drilling work this year was to potentially evaluate for a start-up open pit mining scenario. They added that if it were “successful, this could potentially reduce the preproduction timeline […]“.
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In the September 13th news release, Maritime Resources reported drilling results included “intercepts with significant gold values.”
Maritime Resources holds 100% of the ‘Green Bay Property’, which includes Hammerdown Mine as well as the Orion gold deposit.
Hammerdown mine was operated by Richmont Mines between 2000 and 2004.
Maritime announced in 2017 that a Prefeasibility Study successfully showed a mining operation again on the site is viable.
The entrance to the mine was re-opened in the Fall of 2017.
And this year Maritime Resources fought off a hostile takeover bid by Anaconda Mining.
Maritime Resources also holds a significant amount of ‘property’ in the Green Bay/Baie Verte Peninsula, in addition to the Hammerdown site. Read more on greenbayfeed.com:
[TOP photo is a Maritime Resources image, taken from a news release]
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