Marvel Discovery Corp. (TSXV: MARV | GR: O4T | OTCQB: MARVF); and Falcon Gold Corp. (TSXV: FG), (GR: 3FA | OTCQB: FGLDF) together have announced assay results from the late spring, early summer 2023 exploration programme conducted over the Gun Flap Hill project located in Newfoundland, Canada.
The project covers the northwestern portion of the Golden Brook Property where samples from the first pass reconnaissance programme have identified multiple anomalies, including copper-tantalum-vanadium, anomalous gold, nickel-chromium, and multiple critical and rare element anomalies (including lithium, tantalum, cerium, lanthanum, and strontium.)
“Our Gun Flap Hill Property was originally staked to explore its gold potential due to its close proximity to the Cape Ray Fault zone, which hosts the nearby former Hope Brook Mine,” commented CEO Karim Rayani.
“I must state again these were reconnaissance surveys conducted within an extensive and largely unexplored area, and to have found new areas of nickel and chromium and REE mineralization in previously undocumented areas serves to highlight the highly prospective nature of this land position.”
Prospecting surveys were completed by the two companies in late May and early June 2023 over predetermined target locations within the largely unexplored Gun Flap Hill project, as part of the alliance’s Q2 2023 Reconnaissance Program.
The programme was developed to investigate the gold potential of the property through initial prospecting along predefined traverses 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.
Assay results identified anomalous gold (>5ppb) in three locations in association with quartz vein within granite host. The exploration programme further identified multiple anomalous critical and rare metals, and the highlights from this sampling include the following:
- Two sample stations returned anomalous nickel-chromium up to 410ppm Ni and 765ppm Cr
- One sample station returned anomalous copper-tantalum-vanadium reporting 280ppm Cu, 19ppm Nb, 23ppm Ta, and 1180ppm V
- Two sample stations identified anomalous lithium up to 71ppm associated with anomalous cerium up to 130ppm, lanthanum up to 63ppm, and lead up to 73ppm
- Multiple sample stations returned anomalous strontium up to 1531ppm, zirconium up to 281ppm, and barium up to 3552ppm proximal to the anomalous lithium sample stations
A total of 57 rock samples were collected by the prospecting team and submitted to Eastern Analytical Ltd. for 34 Element ICP Analysis.
For further information, please visit: www.falcongold.ca and www.marveldiscovery.ca
To read more articles like this, please visit: www.theassay.com
