Marvel Discovery Ramps Up Gold Assets in Newfoundland

Marvel Discovery (TSXV:MARV) is ramping up exploration work at its gold projects in Newfoundland, Canada, as the company prepares to commence drilling once permits are received.

“We anticipate those permits coming in the next four to six weeks,” said Karim Rayani, president and CEO of Marvel Discovery. “And we just completed a raise of C$2 million. So we're cashed up and we're ready to start doing exploration drilling in Newfoundland.”

Marvel is an acquisition, exploration and development company focused on a diverse portfolio of mineral assets across Canada. It has more than 115,000 hectares in prospective gold assets in Newfoundland alone that are in various stages of exploration.

“If you really look at the geology of Newfoundland, there are so many discoveries that are starting to sprout up there,” Rayani said. "Marvel was very quick to recognize what was happening. We're currently probably the (third) or fourth largest landholder of ground in Newfoundland tied on to sizable deposits."

Marvel holds more than 100,000 hectares of land in the Golden Brook project alone. The project is a joint venture between Marvel and Falcon Gold (TSXV:FG,OTCQB:FGLDF). “We've got a million ounces to our north, a million ounces to our south and we have this major fault that goes right through. So we're currently mobilizing crews there now. Permitting on that one is going to take a little longer before we're ready to drill,” Rayani said.

Watch the full interview with Karim Rayani, president and CEO, Marvel Discovery.

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