Maritime Resources Commences Drilling on Orion Project
February 24 2011 - 9:00AM
Marketwired
Maritime Resources Corp. (TSX VENTURE: MAE) has commenced a 4,000+
metre drill program on the Green Bay property located near Kings
Point, Newfoundland. The objectives of the current program are as
follows:
-- extend the Orion deposit which is open down plunge and along strike
-- increase and upgrade the Orion inferred resource status
-- search for the off-faulted Hammerdown gold veins
-- test new targets developed by recent geophysical surveys between Orion
and Hammerdown
Target areas for these objectives are shown on maps on the
Company's website at www.MaritimeResourcesCorp.com.
The Company would like to acknowledge that financial support is
provided by the Junior Exploration Assistance Fund granted by the
Government of Newfoundland and Labrador's Department of Mines and
Energy.
About the Green Bay Property:
The Green Bay property consists of the Hammerdown gold deposit
and the Orion gold deposit. The deposits are separated by a 1.5 km
distance. The Orion gold deposit contains an inferred resource of
119,000 ounces of gold in a 710,000 tonne deposit grading 5.2 g/t
Au. The deposit consists of two main vein systems, both of which
are open along strike, up and down plunge. The Hammerdown gold
deposit was successfully mined by Richmont Mines between 2000 and
2004; the rich gold bearing veins averaging 16.5 g/t Au, being cut
off by a sharp fault between 250 and 300 metres depth.
Bernard Kahlert, P.Eng. is the Qualified Person as defined by
National Instrument 43-101 and has reviewed the technical
disclosure contained in this release.
On Behalf of the Board of Directors,
Bernard H. Kahlert, VP of Exploration
Statements in this press release other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, may include
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in resource exploration and development. As
a result, actual results may vary materially from those described
in the forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Maritime Resources Corp. Cathy DiVito Investor
Relations (604) 484-7111 www.maritimeresourcescorp.com
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