Marvel has formed a strategic partnership with Falcon Gold Corp. (“Falcon”) with the goal of exploring prospective claims recently acquired in the Hope Brook and Baie Verte Brompton Districts. The combined total of both projects covers 115,17 hectares and will be explored together on 50-50 Joint Venture basis. This Alliance further empowers Marvel and Falcon to work together sharing in the potential upside of this impressive land package while reducing costs and capital.
Proximal to the Four Corners Project held by Triple Nine Resources. The Four Corners Project consists of iron-titanium-vanadium mineralized rock which has been outlined for 3,000m in strike with intercepts 200m wide and 600m vertically. The project contains sufficient tonnage and grades to warrant developing a world-class mineral resource.
The BVBL project is strategically located in a peninsula that hosts all of Newfoundland’s current gold production. Producing mines include Anaconda Mining Inc.’s Point Rousse gold mine and Rambler Metals Mining operations. Former producing mines include the Terra Nova mine and deposits of the Rambler mining camp. All of these mines are in close proximity to the BVBL. There are more than 100 gold prospects and zones, many of which are orogenic-style, related to major splays and related second-order structures linked to the BVBL. The Matador Mining Ltd. Cape Ray Project reporting 837,000 ounces of gold is also proximal to the BVBL (https://matadormining.com.au/cape-ray/resource/). The Falcon–Marvel partnership now control ground over a 70-kilometer corridor along the BVBL.