Hammerdown Mine Near King’s Point: Entrance is Open

Hammerdown Mine Near King’s Point: Entrance is Open

This fall there has been some ongoing surface work near King’s Point at the past-producing Hammerdown mine site. Maritime Resources, an exploration company based out of Vancouver, has been conducting exploration and evaluation activities at its property off King’s Point road, with an eye to seeing possible production there within two years.

Maritime has an agreement with Rambler Metals and Mining to evaluate the potential re-opening of Hammerdown gold mine, which sits on the property.

The Hammerdown gold deposit was mined by Richmont between 2000 and 2004.

Crews have been working to remove both the material blocking the mine entrance and the waste rock used to plug the entrance during the shutdown of the mine back in 2004.

On November 21st, 2017, Maritime Resources announced the mine’s entrance has been opened.

Hammerdown mine entrance, fall 2017 ~ Maritime Resources photo

The Maritime Resources news release stated:

“Springdale Forest Resources Inc., a local contractor did an excellent job in the removal of the material and construction and installation of the security gate in front of the open portal…”

Removing the plug was accomplished with a remote scoop with cameras mounted on it.

Maritime reports that so far it looks like the ramp is in excellent condition and will require less rehabilitation than was expected.

Maritime Resources stated it will now “be working closely with the government of Newfoundland and Labrador regulatory departments including Mineral Development Division, Occupational Health and Safety Branch and the Environmental Division to establish the permitting required to both dewater and rehabilitate the underground access ramps.”

Dewatering the mine was stated to be starting in 2018. After that the inner workings will be inspected as part of the evaluation of the mine site for possible reopening.

Maritime also explained that water samples were twice taken from exploration drill holes that are connected to the historical underground development. The sampling program done in 2013 and the recent samples as well showed clean water with neutral pH and no elevated contaminants.

The company stated: “Maritime Resources is looking forward to pursuing the reactivation of the past producing Hammerdown gold mine while working with the local communities and the Province of Newfoundland and Labrador.”

Hammerdown’s proximity to King’s Point., from Google Earth

Doug Fulcher, President and CEO of Maritime commented:

“Having the plug removed from the portal is a step forward for the Company and the potential reactivation of this past producing gold mine. Work will now focus on completing any permitting required to dewater the underground workings for inspection and rehabilitation of the historic ramps. The PFS that was completed in March of this year contemplated using only 25% of the existing underground development. It is the Company’s belief that ground conditions of the ramps were excellent while in operation and it is anticipated that the majority of these ramps can be rehabilitated and used in the future mine plan. This could be a significant time and cost savings…”

Maritime Resources announced on November 16th that surface trenching at its Hammerdown mine area “returned high grade gold values in multiple channel samples across the deposit.”

The company stated that two veins, named J and K, within a 10-vein gold system on the property are exposed on the surface for over 30 meters and 15 meters respectively. These two veins are located near the south wall of a small open pit previously mined by Richmont Mines.

These veins are being targeted for open pit potential in the early stages of re-starting the mine, potentially reducing the preproduction timeline as previously outlined.

High grade gold assays were received from the J-Vein, ranging from 3.5g/t Au over 0.3 m to 67.5g/t over 0.5 meters. Assay values were also received from K-Vein, where 2 samples assayed 11.8 g/t Au over 0.5 m and 27.2 g/t Au 0.3 m.

A 3,000-metre drilling program has been planned for the winter of 2018 and is expected to start in February. Once the drill program is done, surface trenching and drilling results will be evaluated for a potential open pit production similar to what Richmont did in its first year of production at the site.

Maritime announced earlier in 2017 that a prefeasibility study showed Hammerdown, and the property it sits on, could be a “viable mining operation with low upfront capital and short time line to the start of gold production.”

Significantly, Maritime Resources has recently raised just over one million dollars, the net proceeds from which will be used towards advancing the company’s Green Bay Gold Project on which Hammerdown sits.

[Photo at top: Hammerdown mine entrance ~ Maritime Resources photo]

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