Feb 24, 2011
Maritime Resources Corp. (MAE-TSX Venture) 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:
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
For further information, please call:
Cathy DiVito, Investor Relations
Telephone: (604) 484-7111
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.