August 11, 2021
August 11, 2021. Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (MARVF: OTCQB); (“Marvel” or the “Company”) is pleased to announce it has acquired through staking and via 2 separate option agreements 1185 claims (the “Property”) totaling 29,525 hectares located along the Baie Verte Brompton Line, Central Newfoundland Belt. Currently, all of Newfoundland’s gold production comes from Anaconda Mining Inc.’s Point Rousse and Rambler Metals Mining Operations on the Baie Verte Peninsula. These two producing mines along with past producers such as the Terra Nova Mine, and deposits of the Rambler Mining Camp, are in close proximity to the Baie Verte Brompton Line (BVBL). There are more than 100 gold prospects and zones, many of which are orogenic-style, related to major splays and related second-order structures linked to the Baie Verte Brompton Line. Marvel has acquired ground over a 70km corridor along the BVBL.
The new claims are also 13km southwest of the Lunch Pond South Extension Deposit (“LPSE”) on Glover Island owned by Mountain Lake Resources. The LPSE deposit is located at the south-western portion of an 11km mineralized corridor known as the Glover Island Trend (“GI Trend”). The GI Trend is host to 17 gold, base metal, nickel and polymetallic mineral prospects in addition to numerous gold anomalies. The GI Trend and new Property lies adjacent to the BVBL a major crustal scale suture which separates the Humber Zone Terrane to the west from the central Newfoundland Dunnage Zone to the east. The GI Trend hosts numerous gold anomalies that cross-cut several rock types. The LPSE hosts indicated and inferred resources of 120,000 ounces of gold (P&E Mining Consultants Technical Report, June 2017).
The new land acquisition is also proximal to the Four Corners Project held by Triple Nine Resources (Figure 2). The Four Corners Project consists of iron-titanium-vanadium-mineralized rock which has been outlined for 3,000 metres in strike with intercepts 200 metres wide and 600m vertically. The project contains sufficient tonnage and grades to warrant developing a world-class mineral resource (https://triplenineresources.com/2020/10/triple-nine-updates-new-initiatives-on-the-four-corners-project/).
Karim Rayani Chief Executive Officer commented,“We are extremely pleased to have acquired such a large land package covering 70kms of strike along a trend of defined deposits. This adds to our impressive portfolio of holdings getting us nearer our objective of making Marvel one of the predominant holders of lands in Newfoundland along major continental-scale structures. We look forward to performing high resolution magnetic surveys over our entire property position and integrating mineralization trends and historical results to vector exploration efforts to those areas of high merit.”