Marvel Discovery Corp. (TSXV: MARV | GR: O4T | OTCQB: MARVF) and Falcon Gold Corp. (TSXV: FG | GR: 3FAGR | OTCQB: FGLDF) have expanded the Golden Brook Lithium prospect to include reconnaissance over the northwest portion of the property, which covers over 30km along the prospective Cape Ray Fault Zone.
The Cape Ray Fault Zone has historically been recognized as being fertile for gold. The property is in proximity to several gold prospects including Wilding Lake, Cape Ray, the past producing Hope Brook, and advanced stage gold deposit, Valentine.
Work at the Kraken Pegmatite field continues with a focus on determining the potential for lithium-bearing pegmatites. Marvel has expanded the project to include areas of the property overlying the fault zone to explore the potential for gold mineralization associated with the fault system. The company originally acquired Golden Brook for its gold potential. Within this immediate area, the most significant deposit is the former Hope Brook Gold Mine, which was in production from 1987 to 1997, producing 752,163oz of gold.
The Hope Brook deposit, now owned by First Mining, has since been optioned to Big Ridge Exploration Corp., which has outlined an additional 6.33Mt at an average grade of 4.68g/t gold for 954,000oz of gold in the indicated and inferred categories.
Helicopter support was booked in advance during early 2023 to ensure its availability. Marvel has applied for financial assistance for the project through Newfoundland’s Junior Exploration Assistance (JEA) Program.
Karim Rayani, Marvel and Falcon CEO, commented, “The strategic location of this vast area along the highly prospective Cape Ray Fault Zone is well-known for its gold potential, combined with the adjacent Kraken Pegmatite Field, presents a unique opportunity covering both battery metals and gold. The past success at Hope Brook further validates the area’s potential for new discoveries in the region.”
For further information, please visit: www.marveldiscovery.ca/
