Summary

Exploration Summary

Maritime Resources Green Bay, Whisker Valley and Gull Ridge properties are strategically located on the Baie Verte and Springdale Peninsulas, Newfoundland’s largest and most prolific mining district. This region hosts 15 past producing base metal and gold mines, 2 currently producing mines and 371 significant gold and base metal prospects. Despite the rich mineral endowment exemplified in this region, mineral exploration efforts in the past have been localized and sporadic in nature. 

Maritime’s Green Bay, Whisker Valley and Gull Ridge properties straddle two major fault systems, the Baie Verte Fault Line and the Green Bay Fault. Hydrothermal systems generated during the Silurian Taconic orogeny are thought to be responsible for deposition of epigenetic lode gold deposits in this region. It is believed that these regional fault structures and closely related splay faults played a significant role in the formation of these gold deposits. 

Maritime’s properties are strategically located to target the gold potential along this significant regional structural belt (BVL), that has juxtaposed a wide variety of rock types originating from a variety of depositional environments. This structural zone has geological and structural similarities to the world-class gold producing Destor-Porcupine and Cadillac-Larder Lake Gold Camps of Ontario and Quebec. Both of these regional breaks are located in the Abitibi Greenstone Belt and have produced over 180 million ounces of gold since the early 1900’s. Similarities of this gold productive region to Maritime’s Springdale – Baie Verte Peninsula properties include:

  • Association with a regional deep crustal fault zone and important conduits for gold bearing fluids.
  • Gold mineralization is epigenetic, structurally controlled and often associated with splays or secondary structures off regional-scale fault zones.
  • Gold mineralization occurs in a wide range of rock types, and styles 

Maritime’s exploration on the Green Bay, Gull Ridge and Whisker Valley projects has recognized the importance of large-scale regional structures as the conduits for the localization and transport of mineralizing fluids and the secondary splay structures as a depositional environment for these fluids. This mineralizing system has been demonstrated at the Hammerdown gold deposit where high grade gold and significant widths have been achieved. Between 2000 - 2004 Richmont Mines produced a total of 143,000 ounces from 291,400 tonnes of ore at a grade of 15.83 g/t gold. Similarities have also been recognized between the mineralization at Hammerdown with the gold mineralization discovered on Maritime’s adjacent Whisker Valley property. 

Maritime Resources primary focus for its Newfoundland project in 2019 was to move the Hammerdown gold deposit closer to production. This will create a revenue stream that will allow the company to continue its aggressive exploration programs in the area, resulting in new gold discoveries and ensuring a long-term mining and exploration presence for Maritime in the region.

During 2019 Maritime completed a high-resolution airborne magnetometer, VLF and radiometric geophysical survey over its entire land package. The results were used to aid in defining geological structures and lithologies and supporting ground geological mapping. 

Exploration work in 2019 on the Green Bay property focused on finding mineralization similar to the high grade Hammerdown deposit. Ground IP geophysical surveys were completed along selected areas of the Hammerdown Deformation Zone which hosts the Hammerdown, Orion gold deposits and the zinc-silver rich Lochinvar Deposit. The geophysical program highlighted several large chargeability horizons along strike from the Hammerdown deposit. These areas have only received shallow historical diamond drilling. In 2019 Maritime completed two drill holes to test one of these anomalous zones located in the Golden Anchor area. The drilling reported narrow Hammerdown style gold rich veins in the hangingwall to the Lochinvar volcanic package. To define future exploration targets Maritime compiled all historical exploration data on the Green Bay and Gull Ridge Properties and field tested several little-known gold and gold/base metal showings. During 2019 several of these showings saw field checks including prospecting and reconnaissance soil sampling. 

In keeping with Maritimes strategy to evaluate high grade gold prospects that are strategically located close to the Hammerdown gold project, additional mineral exploration claims were optioned to the east of the Green Bay Property (Sprucy Pond). Historical work on the Sprucy Pond property uncovered abundant angular gold bearing quartz-pyrite float, bearing a strong resemblance to the Hammerdown high grade gold-quartz sulfide veins. With the Sprucy Pond option, the Company increased its land position a further 2.5 kilometers east along the Hammerdown mineralized/structural trend. The Sprucy Pond property is transected by a strong east-west to northeast trending curvilinear fault structure (Sprucy Pond Trend) that is coincident with the regional airborne magnetic anomaly associated Maritime’s Hammerdown and Orion gold deposits to the west of the property. Maritime is planning to conduct geological mapping, soil geochemical and geophysical surveys followed by a diamond drilling program to further test this high priority target area.

In 2019, Maritime completed an extensive exploration program over its Whisker Valley Property, focusing on advancing major gold targets identified to date and to identify new targets that may have been missed as a result of localized and sporadic historical work in the area. The 2019 program included airborne magnetometer, VLF and radiometric geophysical surveys along with extensive reconnaissance soil sampling, geological/ structural mapping, and prospecting. As a follow-up to positive results of the 2019 work a trenching program comprising 3.0 kilometers of trenches was carried out that targeted, 1) a newly identified 1.6 kilometer long by 0.4 kilometer wide gold-in-soil geochemical anomaly located immediately south of Struggler’s Pond, 2) a newly discovered mineralized boulder field located 1.2 kilometers east of the Gary Vein system and 3) the east and west strike extensions of the Gary gold-quartz vein system. Work to date at Whisker Valley indicates that the property holds great potential to add to Maritime’s current gold resource at its Hammerdown and Orion gold deposits.

The Gull Ridge Property is located southwest of the Whisker Valley property and was staked by Maritime in 2019. The property covers  rocks with potential to host ophiolite VMS style mineralization and epithermal gold mineralization. In late 2018 Maritime personnel discovered sulphide mineralization on open ground in the Skate Pond area. This mineralization is largely comprised of heavily disseminated to semi-massive sulphide stringers dominated by pyrite in blocks and xenoliths of mafic volcanics pillowed mafic flows and gabbro within felsic intrusive rocks. In 2019, Maritime compiled the historical data completed by previous explorers in the area, completed an airborne magnetometer, VLF and radiometric geophysical survey, geochemical surveys, along with reconnaissance geological mapping and prospecting. To further understand the genetic aspects of the mineralization in the area Maritime is planning lithogeochemical studies along with expanded soils and prospecting in 2020.


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