Maritime Resources Corp. (TSX VENTURE:MAE) provides an update on the 2011 drill
program at the Orion gold project, located near Springdale, Newfoundland. The
current drill campaign has intersected high grade gold intervals in extensions
of the previously identified Discovery and Main Vein zones, as shown in the
table below.




Key Intersections:                                                          
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Drill Hole                          From - To          Total         Average
Number     Name                       (metres)       (metres)       g/t Gold
----------------------------------------------------------------------------
----------------------------------------------------------------------------
11-89      Discovery Vein    390.10 to 392.20           2.10            7.47
           -----------------------------------------------------------------
               (including)   390.95 to 392.20           1.25           10.16
           -----------------------------------------------------------------
           -----------------------------------------------------------------
           Main Vein         432.80 to 434.00           1.20           16.58
           -----------------------------------------------------------------
               (including)   433.10 to 433.70           0.60           32.51
----------------------------------------------------------------------------
----------------------------------------------------------------------------
11-87      Discovery Vein    303.20 to 304.05           0.85            1.99
           -----------------------------------------------------------------
           -----------------------------------------------------------------
           Main Vein         320.55 to 320.90           0.35            3.93
----------------------------------------------------------------------------
----------------------------------------------------------------------------
11-88                            No Significant Values                      
----------------------------------------------------------------------------
----------------------------------------------------------------------------



The high grade gold intervals reported above were assayed by both fire assay and
metallic assay techniques to capture possible irregular gold distribution. As
all assays varied by less than 15%, the assays shown in the table are the
weighted average of the two techniques. True thickness of all intersections
reported above is estimated at 91% of drilled interval length.


The Hole 11-89 intersections extend both the Discovery and Main Veins over 50
metres along strike to the south-west where previous interpretation was thought
that the veins terminated. These vein systems are now open in this direction for
a further 200 metres, substantially increasing the opportunity to increase gold
resources at Orion. Drilling is continuing in this direction.


These results are the highest grades that have yet been encountered at Orion
where the mineralization of the veins is similar to those at the nearby
Hammerdown deposit. 


Drilling commenced on February 24, 2011 and to date five holes have been
completed for a total of approximately 2,300 metres. The Orion deposit is
located 2 kilometres from the formerly producing Hammerdown mine, which operated
from 2000 to 2004, producing 315,000 tonnes of ore grading an average of 16 g/t
gold. The intent of the current program is to examine the Orion prospect for a
possible extension of Hammerdown type ore and to expand the inferred resource at
Orion.


This drill program has been assisted financially by the Government of
Newfoundland and Labrador through its Junior Exploration Assistance Program at
the Department of Mines.


Quality Assurance and Quality Control ("QA/QC") Procedures for the Orion Project:

Maritime Resources is presently drilling at the Orion project utilizing a
diamond drill rig with NQ-sized core being recovered. The drilling is conducted
by Springdale Forest Resources Inc. The core is logged, photographed and then
split in half using a diamond core saw. Samples are collected on intervals
ranging from 30 to 80 cm core length. Half the core is retained off-site at a
secure storage facility and the other half is sampled, secured in sealed,
labelled bags and then delivered to Eastern Analytical Ltd lab in Springdale,
NL. The entire sample is crushed to 95% passing 2 millimetres, split and
pulverized to 95% passing 150 mesh, split again, and a 150 gram sample sent for
assay. Gold assays are determined by fire assay with an AA finish, and over
limit assays are determined by fire assay with a gravimetric (metallic) finish.
The Company systematically inserts certified standard samples, duplicate samples
and blank samples in a non-sequential order in all batches of samples sent to
Eastern Analytical as a means of quality control. Additionally, Eastern
Analytical has stringent internal QA/QC protocols. Upon completion of the 2011
assaying 5% to 10% of the core sample pulps from 2011 drilling program will be
submitted to another certified lab for check assaying.


Bernard Kahlert, P.Eng. is the Qualified Person as defined by National
Instrument 43-101 and has reviewed and approved the technical disclosure
contained in this release.


About Maritime Resource Corp:

Maritime Resource Corp. is currently drilling a 4,000+ metre program on the
Orion gold deposit in Newfoundland.


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
200 and 250 metres depth.


On Behalf of the Board of Directors,

Eric W. Norton, President & CEO

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.
Maritime Resources (TSXV:MAE)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Maritime Resources Charts.
Maritime Resources (TSXV:MAE)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Maritime Resources Charts.