Hammerdown, in the Baie Vert mining district about 500 km west of provincial capital St. John’s, was an underground mine that produced 133,000 oz. from 2000 to 2004. Maritime is envisioning a high-grade open pit over a mine life of five years.
“With gold prices touching all-time highs, Maritime is well positioned with a fully permitted, high-grade development project and some excellent exploration upside ready to be drill tested,” president and CEO Garett Macdonald said in a release. “Steady progress has been made to de-risk the project ahead of a production decision.”
Gravity circuit
Maritime is completing the remaining pre-development work including metallurgical tests to ensure gold recoveries are optimized, and a full mechanical and electrical inspection of the Pine Cove mill it acquired last year. It’s considering installing a gravity circuit.
The Hammerdown project contains proven and probable reserves…
