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Marvel Discovery Corp V.MARV

Alternate Symbol(s):  MARVF

Marvel Discovery Corp. is a Canada-based resource company. The Company is engaged in the acquisition, exploration, and development of mineral assets in Canada. Its properties include Highway North, KLR & Walker Claims, Wicheeda North, Duhamel, Wicheeda, East Bull, Black Fly and others. Its Wicheeda North Property is located within an approximately 40 kilometers (km) long belt of carbonatite and related rocks, including the Wicheeda Carbonatite-Rare Earth Element (REE) Project at the northwest end and the Cap Carbonatite-Rare Metal (RM) Project near the southeast end. Its Duhamel project is located between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in the central part of Proterozoic Grenville Geological Province. The Black Fly Property is located in the developing Atikokan gold mining camp along and within the Marmion Lake Fault Zone, approximately 13.6 km southwest along the strike of Agnico Eagle’s Hammond Reef Gold Deposit.


TSXV:MARV - Post by User

Post by moneywagonon Nov 15, 2022 11:31am
73 Views
Post# 35100018

MARV NR KABOOM~BEST NFLD GOLD NEIGHBOURS SOLOMAN~HOPE BROOK$

MARV NR KABOOM~BEST NFLD GOLD NEIGHBOURS SOLOMAN~HOPE BROOK$

VANCOUVER, BC / ACCESSWIRE / November 15, 2022 / Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ("Marvel" or the "Company")and Falcon Gold Corp. (TSX-V: FG)(Frankfurt: 3FA: GR)(FGLDF:OTCQB); and together ("the Alliance") are pleased to announce that exploration has commenced on their combined Golden Brook Projects in Central Newfoundland, Canada. The Golden Brook Property is strategically located contiguous to Benton-Sokoman's Golden Hope Project covering the Kraken Pegmatite Field. In addition, the property is situated approximately 7 kilometres from the past producing Hope Brook Gold Mine, the project is interpreted to cover approximately 25 kilometres of the Cape Ray Fault east of Matador's Cape Ray Gold Project. Recent geophysical review and structural interpretation over the Golden Brook project area, reported September 23, 2022, identified kilometer-scale shear zone corridors, and a major fold closure, interpreted from the magnetics, within the Alliance's Golden Brook Property area. The Alliance had originally planned to complete high resolution magnetic gradiometer surveys over the project area, a proven method to distinguish structural complexities in geological terranes. The survey work was delayed due to a state of emergency being issued from forest fires in Central Newfoundland. Crews have been mobilized to commence work on the project, with prospecting and till sampling to be completed to verify the target structures and determine their mineralization potential in advance of drilling planned for early 2023.

In the past year, Benton/Sokoman made headlines announcing the first High Grade Discovery of Lithium bearing pegmatites at their Golden Hope project. It is important to note this discovery is less than 10 km away from the combined ground held by Marvel and Falcon and appears to be within the same lithological trend covered by the Alliance's land tenure. The 35 grab and chip samples noted in the Benton/Sokoman NR (September 16th, 2021) were collected over a 2 km distance. Their sampling program confirmed the presence of lithium-bearing pegmatites, the first significant occurrence of Lithium documented in the province of Newfoundland and Labrador, Canada.

"We are thrilled to have mobilized crews on multiple projects in Central Newfoundland. The Golden Brook is one of the most exiting prospects in our portfolio for Battery Metals in Central Newfoundland, being tied on to the Kraken Pegmatite Field adjacent to Benton-Sokoman's discovery ground. We are completing an aggressive prospecting and till sampling program to verify the targeted areas to test the mineralized zones identified in advance of our next phase of exploration- drilling planned for early 2023." Stated Karim Rayani Chief Executive Officer.

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