By
Maritime Resources Corp. (MAE-TSX Venture) - The Board of Directors reports the grant of 675,000 incentive stock options to directors, officers, employees and consultants of the Company under its stock option plan, in accordance with the Company's compensation policy. The options are exercisable for five years at a price of $0.20 per share, and are subject to the policies of the TSX Venture Exchange.
About Maritime Resources Corp:
Maritime's Green Bay property consists of the Hammerdown gold deposit and the Orion gold deposit, separated by 1.5 km. The Hammerdown gold deposit was successfully mined by Richmont Mines between 2000 and 2004, producing ore at an average grade of 16.1 g/t Au. Maritime is currently updating the potential for remaining resources at Hammerdown and the newly outlined Rumbullion extension. 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, as stated in the Technical Report dated July 19, 2010. Commander Resources Ltd. holds a 2% NSR royalty on future production from the property with the exception of production from the Orion deposit. For additional information, please visit the Company's website at www.maritimeresourcescorp.com.
On behalf of the Board of Directors,
Eric Norton
President and CEO
Cathy DiVito, Investor Relations Telephone: (604) 484-7111
info@maritimeresourcescorp.com
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.
|
distributed by
|
