Maritime Resources Corp. Increases Property Size at Green Bay in Newfoundland
31.05.2013 | Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/31/13 -- Maritime Resources Corp. (TSX VENTURE: MAE) ("Maritime") announces that it has acquired additional mineral tenures adjacent to their Green Bay Gold Property in Newfoundland. The acquisition was prompted by the recently announced NI 43-101 Resource Estimate which estimated in excess of 400,000 ounces of gold in the Measured and Indicated category and in excess of 600,000 ounces in the Inferred category, both at a 3 g/t Au cut-off grade.
Maritime has staked three new exploration licenses covering 1,450 ha (3,580 acres) bringing the total area now held by Maritime to 5,170 ha (12,775 acres). The new claims cover Catchers Pond sequences which also host the Hammerdown and Orion gold deposits. They also cover geological, geochemical and geophysical target areas with further gold exploration potential.
A map of the Green Bay property with new boundary can be viewed on the Company's website (www.maritimeresourcescorp.com).
Bernard H. Kahlert, P.Eng., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
On Behalf of the Board of Directors,
Eric W. Norton
President & CEO
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Maritime Resources Corp.
Cathy DiVito, Investor Relations
(604) 484-7111
info@maritimeresourcescorp.com
www.maritimeresourcescorp.com
Maritime has staked three new exploration licenses covering 1,450 ha (3,580 acres) bringing the total area now held by Maritime to 5,170 ha (12,775 acres). The new claims cover Catchers Pond sequences which also host the Hammerdown and Orion gold deposits. They also cover geological, geochemical and geophysical target areas with further gold exploration potential.
A map of the Green Bay property with new boundary can be viewed on the Company's website (www.maritimeresourcescorp.com).
Bernard H. Kahlert, P.Eng., is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
On Behalf of the Board of Directors,
Eric W. Norton
President & CEO
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Maritime Resources Corp.
Cathy DiVito, Investor Relations
(604) 484-7111
info@maritimeresourcescorp.com
www.maritimeresourcescorp.com