Marvel Discovery Corp. (TSXV: MARV | GR: O4T | OTCQB: MARVF) and Falcon Gold Corp. (TSXV: FG | GR: 3FA | OTCQB: FGLDF) have received assay results from its 2023 exploration programme conducted over the Kraken project in Newfoundland, Canada. The project covers the central portion of the Golden Brook Property and is located approximately 150km south of Deer Lake.
Samples from the first pass reconnaissance programme have identified multiple anomalies including a gold-silver-copper-lead-arsenic anomaly; multiple tungsten and molybdenite anomalies; and multiple critical and rare element anomalies including beryllium, cerium, lanthanum, lithium, niobium, tantalum, vanadium, and zirconium.
“To get numbers like these on a first phase sampling programme is truly remarkable, we were focused on gold and lithium, and to have found multiple new rare and critical element discoveries in the camp suggests a significant potential for further discovery is within this treasure chest,” commented CEO Karim Rayani.
“The Hope Brook project is surrounded by multi-million-ounce deposits held by Matador and First Mining and to think we have not even touched 5% of the project.”
The comprehensive review identified multiple areas deemed prospective in the central part of the Golden Brook Property. A total of 178 rock samples were collected by the prospecting team and submitted to Eastern Analytical Ltd. In Springdale, Newfoundland, an ISO 17025 Certified Analytical Testing Facility, for 34 Element ICP Analysis, and 4 Element ICP-OES analysis from locations deemed of interest by the in-field personnel.
Preliminary results have identified the following highlights:
- 16.9% of results deemed anomalous for lithium, with highest lithium returning 143ppm
- 5.6% of results deemed anomalous for lanthanum, with highest lanthanum returning 84ppm
- 9.0% of results deemed anomalous for cerium, with highest cerium returning 162ppm
- 33.1% of results deemed anomalous for tantalum, with highest tantalum returning 29ppm
- 33.1% of results deemed anomalous for niobium, with highest niobium returning 110ppm
- 74.2% of results deemed anomalous for beryllium, with highest beryllium returning 83ppm
Falcon interprets the multiple critical and rare earth element anomalies to be associated with undocumented pegmatites emplaced in relation to unexplored granite rocks in the project area. The newly identified anomalies are under further review by the company to better determine their significance, and to develop an exploration program for further follow up.
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