Maritime Resources is a gold explorer with gold exploration assets in Newfoundland and Labrador, Canada. This includes the Green Bay project, Whisker Valley and Orion. Maritime Resources claims that these gold properties are strategically located on the Baie Verte and Springdale Peninsulas, an allegedly 'prolific' gold/base metals mining district. 

The area does appear to exhibit plenty of geological potential. It hosts as many as 15 past-producing gold and base metal mines. 2 additional mines are currently producing, with up to 371 gold and base metals prospects. Maritime Resources also makes the claim that this region is underexplored.

Maritime Resources doesn't have a large gold resource right now, but it is aiming to build one at an accelerated pace via systematic exploration and various bankable studies. Having raised $8.7M in a bought deal private placement in August, Maritime Resources is a gold explorer with sufficient cash to push through a feasibility study for the 'high-grade' gold asset, Hammerdown. The February 2019 PEA threw up some nice numbers: a LoM AISC of $939/oz and an average 57,900oz gold pa over the 9-year LoM. Expect to see a PFS further clarify this potential in the near future as Maritime Resources targets 100,000oz gold per year.

Company Page: https://www.maritimeresourcescorp.com/

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