TSXV:MARV

Marvel Expands Baie Verte By 11,275 Hectares, Initiates Airborne Surveys, Newfoundland

Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T1)(OTCQB:MARVF); (the "Company") is pleased to announce an update on its 100% owned Baie Verte Project, located in Western Newfoundland. Through a combination of staking and purchase agreements, Marvel has acquired an additional 451 claims, 11,275 hectares along the Baie Verte Brompton Line (BVBL), bringing the total size of the Baie Verte Project to 40,900 hectares and covering a 70km strike length along the BVBL corridor

This new staking is contiguous to the Sassy Resources 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. The Baie Verte Brompton Line (BVBL) is a documented continental scale suture which 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.

Marvel also reports 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 on-line and without the need for magnetic compensation resulting in the highest quality total magnetic intensity and gradiometer data.

Marvel's Chief Executive Officer Karim Rayani commented, "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, 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. 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."

Airborne magnetic data provide the means to interpret geologic structure and lithology variations in areas with little to no outcrop. In regions where basement outcrop is minimal and petrophysical contrasts exist between different geological units, the data can offer the potential to "see undercover" and their interpretation can minimize risk and vector exploration efforts to those areas of high merit in real-time. BECI is able to provide both raw and processed data on a daily basis, working closely with our ground team in their efforts to perform detailed target analysis.

Qualified Person

Mr. Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

About Marvel Discovery Corp.

Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:

  • Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook - Au Prospects)
  • Atikokan, Ontario (BlackFly - Au Prospect)
  • Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect)
  • Quebec (Duhamel - Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)
  • Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect)

The Company's website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

Marvel Discovery Corp.
"Karim Rayani"
Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Marvel Discovery Corp.



View source version on accesswire.com:
https://www.accesswire.com/671975/Marvel-Expands-Baie-Verte-By-11275-Hectares-Initiates-Airborne-Surveys-Newfoundland

News Provided by ACCESSWIRE via QuoteMedia

The Conversation (0)
Marvel Discovery (TSXV:MARV)

Marvel Discovery

Acquisition, Exploration and Development of Mineral Assets in Canada

Acquisition, Exploration and Development of Mineral Assets in Canada Keep Reading...
Gold nuggets with text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: Nova Minerals Rides on Growing Antimony Interest

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Antimony-focused gold company Nova Minerals takes the lead in this week's list, alongside mining stocks focused on gold, lithium and... Keep Reading...
Gold bars, coins and currency on a table with a warm background.

Gold Price Rallies "Like a Meme Stock," Breaks US$4,200 Again

As its record-setting year continues, gold is on its way to posting its strongest annual performance since 1979, up an impressive 58 percent year-to-date as of Wednesday (November 12). The yellow metal once again broke past US$4,200 per ounce this week, moving closer to its all-time high of... Keep Reading...
Gold bars in stacks.

Top 7 ASX Gold ETFs in 2025

The price of gold reached record highs in 2025, driven by global economic uncertainty stemming from shifting US trade policy and escalating geopolitical tensions in the Middle East.For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a... Keep Reading...
Fergus Kiley, CEO and managing director of Mount Hope Mining.

Mount Hope Mining Reports High-grade Gold Results, Attracts New Investors, CEO Says

Mount Hope Mining (ASX:MHM) has announced strong assay results from its maiden drilling program at the Mount Solitary gold prospect in New South Wales’ Cobar region, highlighting the potential for a significant high-grade gold system. CEO and Managing Director Fergus Kiley said the campaign... Keep Reading...
Lahontan Gold (TSXV:LG)

Lahontan Receives BLM Approval Of Santa Fe Exploration Plan Of Operations

Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that the Federal Bureau of Land Management ("BLM") has published its Decision Record ("DR"), Finding of No Significant Impact ("FONSI"), and approval of the Company's Exploration Plan of... Keep Reading...
East Star Resources

$25M+ Strategic JV Agreement with Endeavour Mining for Gold Exploration in Kazakhstan

East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and base metals explorer, is pleased to announce that it has entered into a binding Earn-In and Joint Venture Agreement (the "Agreement") with Endeavour Exploration Limited ("Endeavour"), a subsidiary of Endeavour Mining PLC (LSE:... Keep Reading...

Latest Press Releases

Related News