Maritime Resources Update on Whisker Valley Project
Point and Springdale, Newfoundland and Labrador. Whisker Valley is located approximately 6 kilometres northwest of the Company's Hammerdown Gold Project. Maritime is completing an initial 5,000 metre diamond drilling program to test the potential strike and depth extension of the high-grade Gary vein system and to test similar highly prospective gold bearing zones on the property. A total of 1,600 m of drilling has been completed to date.
New zone of mineralization encountered at Whisker Valley at a depth of 150 m below surface
Drill hole WH-20-12 intersected 5.1 gpt Au over 5.8 m, including 21.1 gpt Au and 0.35% Cu over 0.5 m and 9.2 gpt Au and 0.1% Cu over 2.1 m
New airborne VTEM and ZTEM geophysics surveys initiated over Whisker Valley and Hammerdown Gold Projects including
President and CEO Garett Macdonald said "This recent intersection at Whisker Valley is particularly important as it lies directly on trend between the existing Gary Vein System on the west side of the valley and the Gold Pit veins located on the east side. The mineralization encountered in hole WH-20-12 bears a sharp resemblance to our nearby Hammerdown Gold Project with high grade gold associated with pyrite mineralization in quartz veins, including visible gold. An initial diamond drill program of 5,000 m is currently underway across the Gary Vein system and its interpreted 1,000 m strike length up to a depth of 150 m below surface. Results from other drill holes along this trend are still pending (WH-20-11 and WH-20-13). We have also initiated new VTEM and ZTEM geophysics surveys designed to look for deep structures down to a depth of 2,000 m."