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Maritime Resources adds to Whisker Valley land package

Maritime Resources Corp. said Dec. 13 that it concluded an option agreement to acquire the Strugglers Pond property located in the Whisker Valley land package.

The property covers several high-grade gold occurrences located adjacent to Maritime's Whisker Hill claims.

The company will acquire the asset by spending C$200,000 in exploration, making cash payments of C$30,000 and issuing 100,000 shares over the course of three years. The vendors will retain a 2% net smelter royalty, of which 1% can be purchased up until the second anniversary of commercial production for C$1.0 million.