Resource World Magazine

76 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 2 0 gold property in Newfoundland. The com- pany stated, "Visible gold is present within quartz veins intersected in holes GP-19-138, GP-19-139, GP-19-140 and GP-19-144." Manganese X Energy Corp. [MN-TSXV; SNCGF-OTC; 9SC2-FSE; Lima] has the Battery Hill manganese property in New Brunswick where, together with Kemetco, the company is developing a commercializ- able flow sheet to produce ultra high-purity (greater than 99.9%) battery-grade man- ganese product for the electric vehicle and energy storage sectors. Marathon Gold Corp. [MOZ-TSX; MGDPF-OTC] is advancing its 100%- owned, flagship, Valentine Gold Project in central Newfoundland. Marathon released an updated resource estimate following the 2019 infill drill program at the Leprechaun and Marathon deposits. Measured and Indicated Resources are 3.09 million oz (54.9 million tonnes at 1.75 g/t gold), an increase of 400,000 oz, or 15%, compared with the previous estimate from October, 2018. Inferred Resources are 960,000 oz (16.8 million tonnes at 1.78 g/t gold), a decrease of 570,000 ounces, or 37%, com- pared with the previous estimate. Maritime Resources Corp.'s [MAE- TSXV] key asset is the high-grade Hammerdown Mine, located near the Baie Verte mining district of Newfoundland. Maritime recently announced the start of a 3,000-metre diamond drilling program at Hammerdown to test high-priority tar- gets. Hammerdown contains Measured and Indicated resources of 925,670 tonnes grading 10.6 g/t gold for 315,535 ounces and Inferred Resources of 1,557,000 tonnes grading 7.53 g/t for 377,000 ounces of gold. The company's Whisker Valley gold project is 10 km north of Hammerdown. In August, 2019 Maritime reported the discovery of a new area of gold mineraliza- tion as a result of a regional prospecting program. Their Gull Pond Ridge property in the southern part of the Baie Verte Peninsula is an underexplored area pro- spective for base and precious metals. MegumaGold Corp. [NSAU-CSE; NSAUF-OTC; 2CM2-FSE] is expanding their land position and exploring within the emerging gold camp of the Meguma forma- tion in Nova Scotia. Projects include Killag, Dufferin Gold, Goldboro, Mooseland, Greater Goldenvill Area, Greater Beaverdam, Fifteen Mile Stream, Cochrane Hill Regional and the Moose River Area. The company has initiated planning and site permitting work to support a core drill- ing program at Killag where RC drilling last spring established anomalous gold over a 1-km strike length in the Killag East area. Northern Shield Resources Inc. [NRN-TSXV; N9S-FSE] holds a portfolio comprising three projects in Nova Scotia, and one in Newfoundland (that hosts mul- tiple systems). The company is submitting a drill permit application for a 2,000-2,500- metre drill program comprising 5-7 holes at Shot Rock Project in Nova Scotia to focus on the Highway Zone. Northern Shield announced last October the acquisition of two new epithermal dis- coveries in Nova Scotia. The properties host two new vein systems in Cape Breton. Osisko Metals Inc. [OM-TSXV; BWMXF-OTC; 0B5-FSE] has zinc projects in the Northwest Territories, Québec and New Brunswick. They are drilling and developing their Key Ancon zinc project in the Bathurst Mining Camp, northern New Brunswick, to produce a NI 43-101 com- pliant resource calculation. The project is open along strike and at depth. Osisko's other targets in the Eastern Bathurst Camp include the Brunswick Belt and the Gilmour Extension. The Bathurst Mining Camp has Indicated Resources of 1.96 Mt grading 5.77% zinc, 2.38% lead, 0.22% copper and 68.9g/t silver (9.00% ZnEq) and Inferred Resources of 3.85 Mt grading 5.34% zinc, 1.49% lead, 0.32% copper and 47.7 g/t silver (7.96% ZnEq) in the Key Anacon and Gilmour South deposits. Osprey Gold Development Ltd. [OS-TSXV; OSSPF-OTCQB] has five gold projects in Nova Scotia: Goldenville, Caribou, Miller Lake, Gold Lake and Lower Seal Harbour. A diamond drill program is currently underway at Goldenville. Approximately 1,100 metres of resource expansion drilling have been completed in six holes. "The planned program will consist of at least 12 shallow holes total- ing approximately 2,000 metres," the company states. Highlights from drilling at the Goldenville resource area in 2017 include: G17-14 intersected 52.00 g/t gold over 0.70 metres, within 6.30 metres of 6.22 g/t gold. This area is open 750 metres to the east to hole G07-12. G17-08 intersected 98.29 g/t gold over 0.70 metres as well as 2.70 g/t gold over 6.90 metres on the north limb of the anticline; G17-15 intersected 1.52 g/t gold over 14.40 metres along strike from G17-08, east of Highway 7 in the Bluenose Mine area. Puma Exploration Inc. [PUMA-TSXV; PUXPF-OTCQB] has a large and expand- ing portfolio of properties in the Bathurst Mining Camp, including the Murray Brook (precious metals), Chester (copper), Turgeon (Cu-Zn) and Turgeon South (Ag- Cu). In October 2019, Puma signed two purchase agreements to acquire the Jonpol gold project and the Portage Lake property (Cu-Ni-Co-Fe) in the Murray Brook area. Puma continues to explore the Murray Brook and Chester projects where the goal is to identify drill targets towards making the next new significant discovery. Puma also owns 100% of Murray Brook Minerals Inc. (Legacy Cu-Ag property) and 49% of Target Minerals Inc. (Oxford Au-Ag-Pb-Zn and Ann's Creek Precious Metals property). Rambler Metals and Mining Plc. [RMM-AIM], a copper and gold producer and explorer, owns (100%) the Ming copper-gold mine on the Baie Verte pen- insula, Newfoundland. Recently Rambler completed its productivity improvement initiative and is focusing on sustaining mine and mill production at over 1,350 tonnes/ day at 2% copper. Rambler announced, in November 2019, the completion of 1,992 metres of exploration drilling at the mine. Drilling highlights include: R19-745-08 – 74.75 metres downhole width of 8.98% copper with 2.16 g/t gold and 14.23 g/t sil- ver, which includes two separate intervals of 27.77 metres downhole width of 11.97% copper with 3.14 g/t gold and 19.23 g/t silver and 19.30 metres of 14.85% copper with 2.94 g/t gold and 21.57 g/t silver. RJK Explorations Ltd.'s [RJX.A-TSXV] MARITIMES

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