Maritime Resources (TSE:MAE) has released an update.
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Maritime Resources reports significant gold findings at its Pine Cove site in Newfoundland and Labrador, with an impressive 1.37 grams per tonne of gold over 107.8 meters discovered below the former mine. The company is also advancing its gold recovery efforts, having shipped over 1,000 kilograms of concentrate for refining, and is assessing the Point Rousse Project’s stockpiles and tailings for further processing. With gold prices soaring, these developments could lead to a substantial cash flow for Maritime in 2024.
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