(MAE.V) Dec. 6, 2018 – Maritime Resources Corp. has started an initial drill program on the Whisker gold project, located approximately 10 kilometres from the Hammerdown gold deposit on the Green Bay property in Newfoundland and Labrador.
The Whisker Valley drill program will focus on a gold vein system that was trenched and channel sampled in the fall of 2017. Results from that program showed continuous gold values in individual veins that occur in a zone that has been traced at surface for over 200 metres strike length. Individual channel sample results from the veins were documented in a series of news releases by Maritime Resources available on the company’s website.
The company subsequently completed a detailed induced-polarization (IP) survey in early 2018 that was designed to test the depth potential of the known vein system as well as search for extensions to the east and west ends of the veins. The IP geophysical survey provided a coincident chargeability response with the Whisker gold vein system and extended the footprint of the mineralized zone to a potential 500 metres strike length. The gold veins carry disseminated pyrite and base metals sulphides which appear to provide the IP response. Other anomalies identified in this survey have yet to be investigated.
The initial drill program will consist of approximately 1,000 metres of drilling. The first three holes are planned below the trench areas to test the depth extent and identify structures hosting the gold-vein system. At this point, little is known about the structures controlling the veins that have variable dip and strike orientations.
The drilling contract has been awarded to local contractor Springdale Forest Resources Inc.
Maritime Resources holds 100 percent of the Green Bay property located near Springdale, Newfoundland and Labrador. The property hosts the past-producing Hammerdown gold mine and the Orion gold deposit separated by a 1.5-kilometre distance that sits within an overall strike length of 4,000 metres.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.