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Maritime Resources has announced the acquisition of 3,225 ha of claims surrounding its Hammerdown asset (Figure 1).
In this edition of RCKS Charts, Keith has evaluated Anaconda Mining Inc (TSX:ANX), Sierra Metals Inc. (TSX:SMT) and Ascot Resources Ltd (TSXV:AOT).
Anaconda has responded to statements made by Maritime in response to Anaconda’s hostile offer to acquire all the outstanding common shares of Maritime.
Anaconda releases financial results for Q1 2018 with higher than expected revenue and lower operating cash costs.
Anaconda intersected thick higher-grade zone near newly identified fault structure, expanding the gold mineralization down-dip of the existing resource.
Anaconda has formalized its offer to acquire Maritime Resources Corp. (TSXV:MAE) causing us to incorporate Maritime’s Hammerdown mine in our estimates.
Gold production of 4,293 ounces at Point Rousse ahead of our estimate for 3,439 ounces.
Infill and expansion drilling continues to be encouraging at Goldboro, highlighting the ability to expand resources at the deposit.
Infill and expansion drilling at Argyle point towards resource expansion and the potential for increased grade.
We updated the look & feel of our RCKS Talk Research Blog in March 2018.
To access the historical archives of our original blog format, please click on the link(s) below to be re-directed. Please note that we no longer update those archive blog pages.
Click here to access the RCKS Talk Blog Archive for Anaconda Mining Inc. (TSX:ANX)
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