MARVEL’s five gold projects in the Newfoundland Gold Belt totaling approx 60,000 hectares including three gold projects that are adjacent to New Found Gold (TSXV: NFG)’s Queensway Gold Project where three months ago NFG intercepted 124.44 g/t gold over 17.7m. MARVEL has an ongoing 16 hole diamond drilling campaign at the Blackfly Gold Project in Ontario where MARVEL has discovered visible gold in multiple holes.
New Found Gold (TSXV: NFG) is up by 684.62% since its August 2020 IPO! Sokoman Minerals (TSXV: SIC) is up by 325% from one year ago! Exploits Discovery (CSE: NFLD) is up by 208.1% from one year ago! C2C Gold (CSE: CTOC) is up by 204.76% from one year ago! Labrador Gold (TSXV: LAB) is up by 125.86% from one year ago! Marathon Gold (TSX: MOZ) is up by 43.86% from one year ago!
Chief Executive Officer Karim Rayani stated that the company plans to grow its portfolio in Newfoundland from ~28,000 to as many as 100,000 hectares this summer. That would make Marvel a top-10 precious metal claims holder in the province.
1,296 hectares Blackfly Gold project in Ontario (~14 km southwest of Agnico’s Eagle’s 5.6 million ounce Hammond Reef project). Diamond drilling of 16 holes is expected to start next month. Historical intervals included 1.1 meters @ 15 g/t gold and 2.0 meters @ 11 g/t gold.
Earlier in June, assays from 78 surface samples at Blackfly were reported. Four graded >10 g/t gold, the highest was 24.3 g/t. These select samples (not necessarily representative of the entire deposit) included some visible gold, indicating the potential for both vein-hosted and broad disseminated/stringer mineralization. Assays on another 180 samples will be released in the coming weeks.
Grab samples at the historical shaft area included grades of 85.6 and 167 g/t gold.
MARVEL is actively drilling right now in Ontario at the Blackfly Gold Project and three weeks ago MARV discovered visible gold only 8 meters downhole in one of its first three completed diamond drill holes! In fact, MARV’s field team believes that gold zones were intersected in all three of the completed diamond drill holes!
Prior to the commencement of MARV’s 16 hole summer drilling campaign at Blackfly, MARV conducted a large scale field sampling program at the project… and the assay results from the field sampling program were extremely positive! Out of 303 total samples taken from surface, 27 samples contained a minimum of 3 g/t gold! On July 8th, MARV disclosed to the public that a 1m wide center of vein surface sample contained 64.8 g/t gold!
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
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