Maritime Resources commences site clearing activities at its Hammerdown gold project
(Kitco News) - Maritime Resources (TSXV: MAE) today reported that it has commenced site clearing activities at the company’s Hammerdown gold project, located in the Baie Verte Mining District of Newfoundland and Labrador, Canada, with early works plan approved by the province.
The company’s Hammerdown project was formerly operated by Richmont Mines and produced 143,000 ounces gold with a run of mine grade of 15.7 grams per tonne.
Maritime said in September, it received government approval from the province for its abridged development and closure plan covering an early works program for Q4 2021. Site vegetation clearing has commenced at the planned waste rock stockpile, open pit footprint and the sorting plant site. Over 25 hectares of the planned 50 hectares of clearing have been completed.
Importantly, Maritime pointed out that the Hammerdown project was subject to a comprehensive provincial environmental assessment process and did not present federal assessment triggers of the federal Fisheries Act, Navigable Waters Protection Act, or the Species At Risk Act.
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However, additional standard permits are required for the start of construction, in addition to a comprehensive development and closure plan, the company noted.
Maritime said it expects the feasibility study to be completed and reported by the second quarter of 2022, which is a delay from the original anticipated release date of Q4 2021 due to the challenges with timely receipt of assay results and current demand on laboratory services.
Maritime owns the former Hammerdown gold mine and the Orion gold project plus the Whisker Valley exploration project, all located in the Baie Verte Mining District near the town of King's Point, Newfoundland and Labrador.
The company also owns the gold circuit at the Nugget Pond metallurgical facility in Newfoundland and Labrador, the Lac Pelletier gold project in Rouyn Noranda, Québec and several other exploration properties and royalty interests in key mining camps across Canada.