Marvel Discovery Corp Announces Exploration Program at Victoria Lake Property
VANCOUVER, BC / ACCESSWIRE / April 3, 2024 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF) (“Marvel” or the “Company”) is excited to announce the initiation of a till sampling exploration program at its Victoria Lake Property for Q2 2024. This program is a continuation of the reconnaissance till and soil sampling completed in 2023, which revealed anomalous gold in the area. The Victoria Lake Property covers over 15 kilometers of the Victoria Lake Shear Zone (VLSZ) in Central Newfoundland, identified as a promising orogenic gold domain by Honsberger et al. (2022).
Insight:
Marvel’s decision to follow up on the anomalous gold findings from the previous sampling indicates a strategic focus on high-potential areas and a commitment to exploration in promising mining regions.
CEO’s Statement
Karim Rayani, Chief Executive Officer of Marvel, highlighted the success of the 2023 sampling program and the discovery of multiple gold anomalies on the property. He emphasized the importance of investigating structures associated with the Cape Ray Fault Zone and Victoria Lake Shear Zone and expressed optimism about the potential for significant discoveries at Victoria Lake.
Strategic Positioning in Central Newfoundland
The Cape Ray Fault corridor, where Marvel’s Victoria Lake Property is located, has a history of hosting gold mineralization, including known deposits like the Valentine Gold Deposit. Marvel’s land holdings in the region, particularly in proximity to Calibre Mining Corp’s Valentine Gold Project, position the company well for potential discoveries.
Insight:
Marvel’s strategic location near established gold deposits and ongoing mining activities by other companies underscores the potential for success in its exploration efforts at Victoria Lake.
Enhanced Exploration Program for 2024
Marvel plans to conduct an enhanced till sampling program in late spring-early summer 2024 to build on the findings of the 2023 exploration. The focus will be on areas with anomalous gold and the second highest regional gold-in-till sample of 785 ppb Au identified in Marvel’s Victoria Lake project.
Insight:
By intensifying its exploration efforts and targeting high-grade anomalies, Marvel aims to accelerate the discovery process and leverage the gold potential of the Victoria Lake Property.
Conclusion
Marvel Discovery Corp’s exploration activities at Victoria Lake represent a strategic and proactive approach to unlocking the gold mineralization potential of the region. With a focus on high-potential areas and a commitment to thorough sampling and analysis, Marvel is well-positioned to make significant discoveries that could benefit both the company and its shareholders.
Marvel Discovery Corp Announces Exploration Program at Victoria Lake Property
VANCOUVER, BC / ACCESSWIRE / April 3, 2024 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF) (“Marvel” or the “Company”) is excited to announce the initiation of a till sampling exploration program at its Victoria Lake Property for Q2 2024. This program is a continuation of the reconnaissance till and soil sampling completed in 2023, which revealed anomalous gold in the area. The Victoria Lake Property covers over 15 kilometers of the Victoria Lake Shear Zone (VLSZ) in Central Newfoundland, identified as a promising orogenic gold domain by Honsberger et al. (2022).
Insight:
Marvel’s decision to follow up on the anomalous gold findings from the previous sampling indicates a strategic focus on high-potential areas and a commitment to exploration in promising mining regions.
CEO’s Statement
Karim Rayani, Chief Executive Officer of Marvel, highlighted the success of the 2023 sampling program and the discovery of multiple gold anomalies on the property. He emphasized the importance of investigating structures associated with the Cape Ray Fault Zone and Victoria Lake Shear Zone and expressed optimism about the potential for significant discoveries at Victoria Lake.
Strategic Positioning in Central Newfoundland
The Cape Ray Fault corridor, where Marvel’s Victoria Lake Property is located, has a history of hosting gold mineralization, including known deposits like the Valentine Gold Deposit. Marvel’s land holdings in the region, particularly in proximity to Calibre Mining Corp’s Valentine Gold Project, position the company well for potential discoveries.
Insight:
Marvel’s strategic location near established gold deposits and ongoing mining activities by other companies underscores the potential for success in its exploration efforts at Victoria Lake.
Enhanced Exploration Program for 2024
Marvel plans to conduct an enhanced till sampling program in late spring-early summer 2024 to build on the findings of the 2023 exploration. The focus will be on areas with anomalous gold and the second highest regional gold-in-till sample of 785 ppb Au identified in Marvel’s Victoria Lake project.
Insight:
By intensifying its exploration efforts and targeting high-grade anomalies, Marvel aims to accelerate the discovery process and leverage the gold potential of the Victoria Lake Property.
Conclusion
Marvel Discovery Corp’s exploration activities at Victoria Lake represent a strategic and proactive approach to unlocking the gold mineralization potential of the region. With a focus on high-potential areas and a commitment to thorough sampling and analysis, Marvel is well-positioned to make significant discoveries that could benefit both the company and its shareholders.
