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.
