Maritime Resources Corp. reported it has staked the Black Ridge volcanic massive sulphide (VMS) target in Newfoundland and Labrador. Black Ridge is located at the southwest corner of the Company's land holdings, approximately 15 km from the Hammerdown Gold Project near the communities of King's Point and Springdale.

The property is at an early stage of exploration but hosts several high-grade gold, silver and copper showings in outcrop, float and soil samples. The Black Ridge property is centrally located within the western boundary of Maritime's Gull Ridge Project. The claims span the regionally significant Baie Verte Line, a major tectonic suture zone marking the collisional boundary between the Iapetan ocean and the Laurentian continental margin.

The structure is host to numerous gold and base metal deposits and prospects and is central to Maritime's regional exploration focus. Two styles of mineralization were observed on the project in 2023 with the main showing consisting of thin lenses massive to semi-massive sulphides containing chalcopyrite, pyrite and bornite. Historical sampling of the main Black Ridge showing contained up to 10.1 gpt Au, 219.2 gpt Ag and 10.3% Cu.

A second occurrence on the property exhibited a series of thin quartz veins and breccias containing pyrite and galena. Historical sampling of the vein hosted mineralization returned up to 4.64 gpt Au and 13.7 gpt Ag. To date the mineralization observed on the property is hosted at or near geological contacts in a bimodal volcanic sequence consisting of rhyolites, tuffs and locally pillowed basalts.

The stratigraphy and styles of mineralization observed are consistent with VMS deposits typical to the region such as AuTECO Minerals' Green Bay Copper-Gold Project near the town of Baie Verte.