Maritime drills 3.2 m of 26.1 g/t Au at Hammerdown

Executive Summary

• Follow‑up grade‑control drilling at the Hammerdown Gold Project returned exceptionally high intercepts, including 51.2 g/t Au over 0.9 m and 26.1 g/t Au over 3.2 m, confirming depth extension of the high‑grade vein system.
• Additional broader mineralization was intersected (4.3 g/t Au over 8.0 m; 1.2 g/t Au over 22 m), enhancing the resource potential of the Wisteria zone.
• Construction activities at Hammerdown have resumed with fire‑hazard rating now considered low, allowing continued development while a larger fall exploration program is planned.

Key Details

• Hole HDGC-25-280: 26.1 g/t Au over 3.2 m confirming high‑grade extension of the zone previously intersected in HDGC-25‑274 (34.4 g/t Au over 2.5 m).
• Hole HDGC-25-277: 51.2 g/t Au over 0.9 m plus 1.2 g/t Au over 22 m of disseminated Wisteria‑style mineralization.
• Hole HDGC-25-279: 4.3 g/t Au over 8.0 m (including 8.2 g/t Au over 3.8 m) and 1.9 g/t Au over 3.5 m, targeting the western limb of the Wisteria zone.
• Hole HDGC-25-278: Abandoned after encountering a heavy fault gouge at 41 m (technical issue).
• Total drilling: 310 m in four holes, focused on evaluating north‑south‑oriented shear zones and structural controls that diverge from the historic east‑west trend.
• Construction status: Activities resumed; fire hazard rating downgraded to “low,” enabling continued site work.
• Upcoming plans: Additional fall drilling program targeting high‑priority near‑pit and in‑pit targets to capture further ounces and support resource growth.
• Qualified Person: Larry Pilgrim, P.Geo., Exploration Manager (NI 43‑101 compliant).
• Analytical laboratory: Eastern Analytical Limited (EAL), ISO 17025:2005 accredited; detailed sample preparation and QA/QC procedures described.

Notable Quotes

“It’s encouraging to see that these north‑south‑oriented mineralized trends continue at depth within the proposed footprint of the Hammerdown project… we will be following up with additional drilling as part of a broader exploration program being planned for this fall.” – Garett Macdonald, President & CEO.