Maritime Resources reports that final results have been received for the 2012 Rumbullion trenching program at the Hammerdown deposit near Springdale, Newfoundland. These assay results have returned numerous high grade gold values along the Rumbullion Main (RM) vein, including values of up to 94.4 g/t gold over 0.3 metres width. The new values [...]
Maritime Resources reports that assay results have been received from the 16-hole, 2,600 metre drill program at the Hammerdown deposit near Springdale, NL. First results from the on-going trench sampling have also been received. The 2012 field work is part of an extended program to establish mineable gold resources on the Company's Green Bay [...]
Maritime announces it intends to raise approximately $970,000 to finance exploration on the Company's Green Bay Property in Newfoundland. The financing will consist of a non-brokered private placement of flow-through shares and non flow-through units. The flow-through financing will comprise up to 2,500,000 shares at $0.25 per FT Share. The non [...]
Maritime reports that Rambler Metals & Mining of Baie Verte, Newfoundland has entered into an agreement to acquire 4,500,000 shares of Maritime, representing 17% of the company, from Commander Resources. The private transaction, priced at $0.23 per share, is scheduled to close February 15, 2012. In recognition of this strategic transaction [...]
Maritime reports that it has exercised its option to acquire 100% of the Newfoundland based Green Bay Gold Property from Commander Resources. Maritime previously held 50% of the property which was acquired in 2010 through the issuance of 12 million shares to Commander and a work commitment of $750,000 pursuant to an option agreement between the [...]
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