Marvel Discovery Corp announced that it has initiated its surface reconnaissance exploration program at the Gander East project in Newfoundland, a 6,850 hectare property that is strategically positioned adjacent to New Found Gold's (NFG) Queensway Project.
The emerging resource company said the work is being completed toward further defining drill targets in preparation for Marvel's inaugural Phase 1 drill program planned for early 2023.
“The airborne data combined with government data sets show structural features with potential for high grade mineralization and faulting with splays of the NFG's ground,” Marvel Discovery CEO Karim Rayani said in a statement.
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“This exploration phase combined with the airborne data received will vector the best priority drill targets,” Rayani added.
Marvel noted the surface work will include prospecting over each of the priority target areas, with till sampling planned in areas where overburden is well developed.
On June 14, 2022, the company released a geophysical review and structural interpretation that identified several prominent shear and deformation zones within the property, and further identified prospective targets for follow up.
Marvel Discovery, listed on the TSX Venture Exchange for over 25 years, is a Canada-based emerging resource company.
Contact Sean at sean@proactiveinvestors.com