Marvel Discovery Corp (CVE:MARV) (OTCQB:IMTFF) (FRA:O4T1) said it has received its second of three rounds of assay results from the 2021 exploration on its Blackfly Gold Project in Ontario, which included a sample that returned 52.5 grams per tonne (g/t) gold.
The company noted the high-grade sample was found in a potential new gold zone southeast of the shaft area, which is expected to become a new drill target.
“These results along the historic shaft correlate to the Blackfly's tremendous potential, we have zoned in on a number of high-grade targets,” Marvel Discovery CEO Karim Rayani said in a statement.
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“With the sampling now completed we have started our next phase of exploration. We anticipate more exciting results with the drilling program now underway,” Rayani added.
Marvel Discovery also said 14 of the 62 samples returned anomalous assays greater than 50 parts per billion (ppb) gold, with three samples grading in excess of 3.00 g/t gold, two of which assayed greater than 10 g/t gold.
The company added that its geological team has conducted the initial prospecting, field mapping and sampling, and has now received another 62 assays for a total so far of 144 results.
A further 204 samples have been submitted for analysis.
Blackfly is located in the Atikokan gold camp, about 14 kilometres from Agnico Eagle’s massive Hammond Reef deposit.
Marvel’s 2021 exploration program at Blackfly includes compiling historical information about the property, completing a high-resolution airborne magnetic survey and time-domain electromagnetic data collection over 203 line-kilometres at 100-metres spacing.
A 16-hole drill program is planned during the summer field season.
Marvel Discovery is a junior resource company exploring for multiple commodities in several Canadian provinces.
Contact Sean at sean@proactiveinvestors.com