Marvel Discovery Corp (TSXV:MARV) has commenced its 2022 exploration programme at the 100% owned Gander North Property in Newfoundland.
Initial prospecting has been completed and preliminary efforts have identified numerous evidence for quartz veins, including outcrop and float. Surface samples collected to date have been submitted for assay with results pending.
Targets of merit identified by this work will be followed up by additional prospecting and geological mapping. A thorough review of publicly available datasets has resulted in the identification of multiple northeast trending magnetic linear features, with associated fold closures, which suggest a continuation of trends from the nearby Gander Gold Project area where soil in gold anomalies up to 756.1 ppb have been identified..
High resolution geophysical surveys have been planned for this area which will help to better define and delineate these magnetic trends and together with surface prospecting and mapping will be the focus of a drill program to commence in the fall.
About the Gander North Property
The Gander North Property is comprised of 478 contiguous claims covering 11,785 hectares, and is located northeast of Gander, Newfoundland.
The property occurs within the Gander Zone proximal to the Dog Bay-Appleton-Grub fault system, a crustal scale zone that extends southwest from the north coast of Newfoundland for nearly 200km to Gander. Structural corridors in central Newfoundland have shown to be intimately associated with recent gold discoveries including New Found Gold’s Queensway project located approximately 20km from Marvel’s project.
Northeast trending structural lineaments first recognized by Sassy Resources, who holds property to the immediate southeast, are interpreted to continue onto the Gander North Property.
An interpretation of the regional magnetics display NNE trending, ophiolite bearing thrust faults are cross-cut by a series of brittle NE trending fault-fractures, which indicate a regional setting similar to the highly prospective eastern Exploits Subzone.
Gold mineralisation models along the Exploits Subzone are based on structural settings analogous to those reported for Fosterville in Victoria, Australia.
“We are excited about our initial exploration program and pending results of our sampling. Initial evidence from prospecting and mapping suggests a geological environment conducive to orogenic gold deposits and occurrences of the Central Newfoundland gold belt” CEO, Karim Rayani, said.
“This unexplored Property provides high chances of success with a strategic location near the high-grade gold discoveries made by New Found Gold. We look forward to compiling our efforts and success by integrating mineralisation trends, historical results and geophysical attributes to vector exploration drilling efforts to those areas of high merit.”
For further information please visit: https://marveldiscovery.ca/
