September 27, 2017 ~ Maritime Resources Corp. announced today that work is proceeding at the Hammerdown mine site near King’s Point.
Material will be removed from in front of the mine entrance, with the aim of gaining access to the underground area.
A September 27, 2017, news release stated that the company is:
“proceeding with work programs to advance the Hammerdown gold project located on the Green Bay Property in Newfoundland and Labrador, Canada. The work will commence immediately with a 3,000 meter drill program, trenching, and excavating material to gain access to the underground portal. Environmental programs will also be continued to support the ongoing permitting process to bring the past producing Hammerdown mine back into commercial production.”
Maritime Resources recently raised just over one million dollars, the “net proceeds” from which will be used towards advancing the company’s Green Bay gold project. Its Green Bay Property includes the past producing Hammerdown Mine. Hammerdown was successfully mined by Richmont Mines between 2000 and 2004.
When Hammerdown closed in 2004 the entrance was plugged with waste rock. Excavation work has been started to remove additional material from in front of the entrance so workers can get at the plugged material for removal.
When that plug is removed “underground access will be restored for inspection and rehabilitation.”
Well-known firm Stantec Engineering has been taken on for the environmental work needed “for permitting the potential mining operation.”
A mine water sampling program has been started “to determine the underground water quality in support of the mine dewatering program.”
The work at the mine site is said to also include grading and rehabilitation of access roads.
Maritime Resources has an engineering, evaluation and services agreement with Rambler Metals and Mining to evaluate the potential of re-opening Hammerdown.
Ore mined from Hammerdown will be trucked 140 kms to be processed at the Nugget Pond mill, through Martime’s alliance with Rambler.
Earlier in 2017 Maritime stated its property near King’s Point “demonstrated a viable mining operation with low upfront capital and short time line to the start of gold production.”
Maritime Resources continues to make positive statements about the property’s potential.
In a March video uploaded to Youtube, Maritime president and CEO Doug Fulcher said: “…we expect that we can see production happening within the next two years. Great return on our dollars.”
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