Maritime Resources Corp. provided an update of the exploration potential and plans at its Point Rousse project in the Baie Verte mining district of Newfoundland and Labrador. The Point Rousse Project covers 57 km2 and has a long history of gold production and exploration with over 200,000 ounces of gold produced in the last 10 years.

Maritime acquired the project from Signal Gold Inc. ("Signal Gold") in August 2023, including the Pine Cove mill and tailings storage facility. The Pine Cove open pit mine (the "Pine Cove Deposit") produced 154,000 oz of gold between 2010- 2020. Like the other deposits in the Scrape Gold Trend the Pine Cove Deposit is a greenstone- hosted orogenic gold deposit with gold mineralization occurring in quartz, carbonate, albite and pyrite altered mafic volcanics, gabbros and tuffaceous sediments that have undergone multiple phases of deformation that have folded the deposit.

The Pine Cove Deposit remains open down plunge beneath the open pit for at least 300 m where exploratory drilling has intersected wide intervals of mineralization and zones of high-grade gold. Drill hole PC-13-195 intersected 3.3 gpt gold ("Au") over 12.06 m including 4.7 gpt Au over 7.92m and 12.3 gpt Au over 0.96m over 100 m down plunge. Drill hole PC-11-181 intersected 2.5 gpt Au over 40.8 m approximately 200m down plunge from the current pit limits including higher grade lenses grading 7.2 gpt Au over 3.2m and 11.4 gpt Au over 4.3m.