Marvel Discovery Corp. (TSXV: MARV | GR: O4T | OTCQB: MARVF) and Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) together have announced the companies have received assay results from the late spring, early summer 2023 exploration programme conducted over the Moose Mountain project located in southern Newfoundland, Canada.
The project covers the eastern portion of the Golden Brook Property and is located approximately 140km south of Deer Lake. Samples from the reconnaissance programme have identified multiple anomalies from rock samples, including copper-anomaly, anomalous gold-arsenic, multiple tungsten and molybdenite anomalies, and multiple critical and rare earth element (REE) anomalies.
“Our Moose Mountain Project was initially staked for its gold potential, and our reconnaissance surveys did not disappoint with numerous gold-arsenic anomalies discovered. One sample in particular has us excited as a 47ppb sample in reconnaissance survey is something we regard as extremely significant in this environment,” CEO Karim Rayani commented.
“The REE and lithium potential of this new area came as a total surprise as something which has us even more excited especially as the markets and government attitudes start to shift and recognizing the role of REEs, critical minerals, will have to play in the new economy.”
Prospecting surveys were completed in late May and early June 2023 over predetermined target locations within the largely unexplored Moose Mountain project, as part of the company’s Q2 2023 reconnaissance programme.
The primary objective was to investigate the lithium potential of the property through initial prospecting over a number of priority target areas that were identified in 2022 on the basis of geophysical, geological, and structural analysis completed by Marvel JV Partner, Falcon Gold.
Preliminary results from the Moose Mountain project have identified anomalous results for multiple critical and rare earth metals, and the highlights from this sampling include the following:
- 22.1% of results deemed anomalous for lithium, with highest lithium returning 215ppm
- 20.8% of results deemed anomalous for lanthanum, with highest lanthanum returning 98ppm
- 34.2% of results deemed anomalous for cerium, with highest cerium returning 149ppm
- 10.7% of results deemed anomalous for tantalum, with highest tantalum returning 123ppm
- 9.4% of results deemed anomalous for niobium, with highest niobium returning 72ppm
- 20.1% of results deemed anomalous for beryllium, with highest beryllium returning 151.9ppm
A total of 149 rock samples were collected by the prospecting team and submitted to Eastern Analytical Ltd. In Springdale, Newfoundland. Sample collection included float, chip, and grab samples from locations deemed of interest by the in-field personnel.
For further information, please visit: www.falcongold.ca & www.marveldiscovery.ca
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