Marvel Discovery Corp. (TSX-V:MARV) said it has expanded its 100%-owned Baie Verte project in western Newfoundland and has initiated airborne surveys.
Through a combination of staking and purchase agreements, the company said it has acquired an additional 451 claims over 11,275 hectares along the Baie Verte Brompton Line (BVBL), bringing the total size of the project to 40,900 hectares and covering a 70 kilometer (km) strike length along the BVBL corridor.
Marvel said the new staking is contiguous to the Sassy Resources (CSE:SASY, OTCQB:SSYRF) Cape Ray project, and like the Cape Ray project, these new claims cover an area with little historical exploration. Structural analysis of regional magnetic datasets suggests a complex area marked by numerous fault splays from the Baie Verte Brompton Line, a crustal-scale deep-seated fault.
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The BVBL is a documented continental-scale suture that separates the Humber Zone Terrane to the west from the central Newfoundland Dunnage Zone to the east. Importantly all of Newfoundland's existing gold production comes from mines on the Baie Verte Peninsula -- Anaconda Mining Inc's Point Rousse and Rambler Metals Mining Operations -- both of which are in close proximity to the BVBL.
Meanwhile, Marvel said it has contracted Balch Exploration Consulting Inc. (BECI) to conduct a high-resolution magnetic gradiometer survey scheduled to commence this week. The survey will aid in a detailed litho-structural analysis of the entire project area.
BECI provides a state-of-art acquisition system with an airframe design based on a high drag principle to keep the sensors online and without the need for magnetic compensation resulting in the highest quality total magnetic intensity and gradiometer data.
"The Baie Verte Line Project is an area which really excites us. The entire Baie Verte Peninsula has been staked and Marvel is the only company, apart from Shawn Ryan and Sassy Resources (CSE:SASY, OTCQB:SSYRF), who have considered the potential of this prolific structure which spans the entire province from the Baie Verte Peninsula to the extreme southwestern tip of the province,” said Marvel CEO Karim Rayani in a statement.
“We are excited to announce the commencement of the first-ever High Resolution Magnetic Gradiometry survey along this underexplored area of the BVBL. Our prospecting teams are ready to commence exploration along the structural features and targets we believe will be highlighted by this state-of-the-art airborne survey."
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