Marvel Discovery Corp. (TSXV: MARV | GR: O4T | MARVF: OTCQB) and Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) have announced that Falcon has applied for drill permits to carry out activities on their Golden Brook prospects within the Hope Brook Property in southern Newfoundland.
“An extreme fire season in Nfld last summer coupled with helicopter availability shortages meant delaying our inaugural exploration campaign until the spring of this year, and we took advantage of this current programme to conduct regional scale prospecting and soil sampling efforts and eagerly await results from the assay lab,” commented Karim Rayani, Marvel CEO.
“We have always been keen on our lithium prospect, which we staked prior to the lithium and cesium discoveries by Sokoman and where our desktop studies showed high potential for the continuation of trends onto our ground. To have found a new swarm of pegmatite dykes is extremely encouraging and we are now gearing up for detailed soil sampling and portable drill testing to further define anomalous areas in advance of our inaugural diamond drilling campaign.”
Two permit applications have been submitted, one for portable drilling that will expand current prospecting permits and allow for portable drill-testing across the entire property, and a second was submitted to diamond drill test prospects within the Kraken-Hydra trend.
The portable drill permit application provides the opportunity to enhance the reconnaissance prospecting project completed in early summer, which identified the potential for pegmatites from the nearby Kraken pegmatite field to extend into the adjacent tenure held by Falcon.
Though bedrock exposure is limited, initial reconnaissance prospecting has resulted in the discovery of a new swarm of pegmatite and aplite dykes, and assay results are anticipated by early August.
The diamond drill permit application includes six drill pad locations with 1,000m of drilling planned for 12 drill holes. The programme will test for lithium, tantalum, and cesium-bearing pegmatites along the Kraken-Hydra trend.
Marvel JV Partner, Falcon Gold, has applied for financial assistance for the Hope Brook project through Newfoundland’s Junior Exploration Assistance (JEA) Programme.
For further information, please visit: www.marveldiscovery.ca
