Gander North Property - Newfoundland - Marvel Discovery Corp

Gander North - NL

Marvel has acquired through staking 478 claims (the “Property”) totaling 11,875 hectares located 25 kilometers due East of Newfound Gold’s Queensway Project. The new claims are contiguous to Sassy Resources Gander North Project, who’s management team includes Shawn Ryan. Shawn is a global leader in his field where his prospecting instincts have been instrumental in finding new multi-million gold deposits and triggering gold rushes in both the Yukon and Newfoundland.
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Figure 1. Location of the Marvel Discovery Gander North Project

The Property lies proximal to the Dog Bay-Appleton-Grub Line fault system, a crustal scale fault zone that extends from the north coast of Newfoundland 200km southwest through Gander (Figure 2) Structural corridors in the central Newfoundland are intimately associated with recent gold discoveries including the Marathon Gold’s Valentine Gold Project which hosts 6.0 million ounces of gold (
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Figure 2. Location of the Marvel Gander North acquisition along the GRUB line regional deformation corridor.

Northeast trending structural lineaments first recognized by Sassy Resources to the immediate southeast are interpreted to continue onto the Property. An interpretation of the regional magnetics shows 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 that to the highly prospective eastern Exploits Subzone. Gold mineralization models along the Exploits Subzone are based on analogous structural settings to those at Fosterville in Victoria, Australia.

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