Marvel Discovery Corp. (TSXV: MARV | Frankfurt: O4T | OTCQB: MARVF) has announced assay results from reconnaissance till and soil sampling at its Victoria Lake Property located in Newfoundland, Canada.
The samples from the programme have identified multiple anomalies, including gold, barium, copper, zinc, and tin.
Surveys were conducted over two geological targets within the western part of the property, with sample stations identified based on historic till sampling results, lithologic information, and a structural analysis completed in 2022 that identified the potential for structures associated with the Cape Ray Fault within both survey areas.
Soil geochemistry highlights include:
- Highest gold-in-soil analysis returned 87ppb
- 21.7% of soil samples reported anomalous gold-in-soil
- 16.7% of samples reported anomalous copper
- 5.0% of samples reported anomalous zinc
- A barium anomaly identified proximal to gold-in-soil showing returned out of limit >10,000ppm (Sample resubmitted for further analysis)
- Anomalous tin-in-soil (74ppb) identified at one station associated with anomalous zinc
In May 2023, a total of 60 till and soil samples were collected from predetermined stations over two target areas at the Victoria Lake Property, with 250-meter sample intervals over the north target location, and at 500-meter sample intervals over south target location.
The highest regional gold-in-till sample in the Newfoundland Geoscience Atlas reports 785ppb Au, and the north survey grid was designed to follow up on this historic high-grade anomaly. Results from the Spring 2023 survey have identified an extensive zone of elevated gold within the vicinity of the historic gold-in-till anomaly and have further identified a second area of anomalous gold in the south survey area.
The sampling programme also identified anomalous levels of copper and zinc. Marvel interprets the anomalous base metals (including copper, zinc, and tin) to most likely be associated with the Long Lake Volcanic Belt which underlies the property, a geologic belt that is well regarded for its VMS potential.
The Long Lake VMS Deposit is located approximately 20km northwest of the property within similar geology, and the deposit hosts a 43-101 compliant resource consisting of indicated resources of 407Kt at 7.82% Zn, 1.58% Pb, 0.97% Cu, 49.0g/t Ag, and 0.57g/t Au and inferred resources of 78Kt at 5.77% Zn, 1.24% Pb, 0.70% Cu, 34.0g/t Ag, and 0.48g/t Au.
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