Maritime Resources Announces First NI 43-101 Mineral Resource Estimate for Green Bay Gold Property

Maritime Resources Corp. (TSXV:MAE) announced the results from the first  NI 43-101 Mineral Resource Estimate for their Green Bay Gold property in Newfoundland.

As quoted in the press release:

The mineral resource for the property is estimated to contain in excess of 400,000 ounces of gold in the Measured and Indicated category, using a 3 g/t cut-off grade, and in excess of 600,000 ounces in the Inferred category, also at a 3 g/t cut-off grade.

Maritime’s President and CEO, Eric Norton, said:

The uniquely appealing aspects of this project are the high grades of the veins, the accessibility of the deposit from surface, including access to the existing underground ramp system, and excellent local infrastructure including roads, power and fresh water to the site. It is particularly satisfying to see that the overall grade of the Hammerdown deposit is relatively insensitive to the selection of the cut-off grade.

To view the whole press release, click here.