Mar­itime Re­sources sam­ples 71.9 g/t Au at Whisker Hill

Stockwatch Daily - - MINES & METALS - Mr. Doug Fulcher re­ports

MAR­ITIME RE­SOURCES Corp. has started the work pro­gram at its newly ac­quired Whisker project lo­cated in New­found­land’s Green Bay area, Canada. Ini­tial trench­ing at the Ben prospect has led to the ini­tial dis­cov­ery of a 50-me­tre-long quartz vein with vis­i­ble gold and base metal sul­phides. The com­pany’s vi­cepres­i­dent of ex­plo­ration (Bernard Kahlert) col­lected three grab sam­ples from a con­tin­u­ing trench­ing pro­gram re­turn­ing grades rang­ing from 89.7 grams per tonne, 59.6 g/t and 71.9 g/t gold. The new vein sys­tem has now been ex­posed for over 250 me­tres and re­mains open in both di­rec­tions. The base metal as­says from the same sam­ples re­turned up to 1.62 per cent cop­per and 19.7 per cent lead.

(See MAE Ta­ble 1 on page 15)

The new vein is closely as­so­ci­ated with sev­eral other sub­par­al­lel veins within the min­er­al­ized sys­tem. This sys­tem is com­posed of at least four ro­bust base metal rich veins with scat­tered vis­i­ble gold within a strong wall rock al­ter­ation en­ve­lope. Crews are cur­rently work­ing on de­tailed map­ping and chan­nel sam­pling across the en­tire vein sys­tem. A de­tailed air­borne topo­graph­i­cal sur­vey has also been com­pleted to as­sist with plan­ning for fol­low-up geo­physics and po­ten­tially drilling and to as­sist in struc­tural in­ter­pre­ta­tion.

Doug Fulcher, pres­i­dent and chief ex­ec­u­tive of­fi­cer of Mar­itime, com­mented:

“We are pleased to have started the work pro­gram on the Whisker Hill gold project with a de­tailed map­ping and ini­tial trench­ing pro­gram. Trench­ing com­pleted thus far has been suc­cess­ful in ex­pos­ing a num­ber of new veins over a strike ex­ten­sion of ap­prox­i­mate 250 me­tres.

“The high-grade gold sam­ples col­lected so far are sim­i­lar to the orig­i­nal as­says taken from last year (see at­tached ta­ble). The Whisker project sits ap­prox­i­mately 10 kilo­me­tres by road from the Ham­mer­down project and has demon­strated some of the same high-grade gold that we have en­coun­tered at Ham­mer­down and Orion. It will be our in­ten­tion to con­tinue ex­plo­ration at the Whisker prop­erty while the de­vel­op­ment of Ham­mer­down is un­der way.”

We seek Safe Har­bor.

Erika Flores con­densed this news re­lease (erikaf@stock­watch.com).

May­nard El­liott Brown, Dou­glas Al­lan Fulcher, Bernard Hans Kahlert, Peter Mercer, Eric Wil­liam Nor­ton, An­drew F Pooler, Al­lan Wil­liam Wil­liams

(MAE) Shares: 68,888,629

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