first mining gold corp

Marvel Acquires Key Land in Hope Brook Adjacent to First Mining and Sokoman Minerals

Marvel Discovery Corp. (TSXV:MARV)(FRA:O4T1)(OTCQB:IMTFF); ("Marvel" or the "Company") is please to announce it has acquired a significant land position within the Hope Brook Area. Marvel has staked 763 claims (19,075 hectares) which are strategically located and contiguous to First Mining Gold and to Sokoman Minerals-Benton joint venture (Figure 1

Figure 1. Regional location of Marvel's Hope Brook gold property.

Of significance in the area is the Hope Brook gold mine which was in production from 1987 to 1997 producing 752,163 ounces of gold plus a copper concentrate. Exploration and resource definition by Coastal Gold Corp who was acquired by First Mining in 2015 has outlined an additional 6.33 million tonnes at an average grade of 4.68 gpt Au for 954,000 ounces of gold in the indicated and inferred categories (https://firstmininggold.com/projects/partnerships/hope-brook-project/).

Marvel's new land position is hosted within the Exploits Subzone of the central Newfoundland gold belt. The property covers extensions or is proximal to two major structures linked to significant gold prospects (Cape Ray, Matador Mining) and deposits (Hope Brook, First Mining) in southern Newfoundland (Figure 2). Rock lithologies and structures on the property are also related to those associated with Marathon Golds Valentine Gold Deposits, Sokoman's Moosehead gold project and New Found Gold's Queensway gold project.

Figure 2. Location of Marvel's Hope Brook gold property contiguous to First Mining and the Sokoman-Benton joint venture.

Marvel's Chief Executive Officer Karim Rayani commented, "The Hope Brook and surrounding area has been the focus of increased activity notably led by First Mining Gold and Sokoman Minerals over the last few months, this highly prospective and strategic land package covers 19,075 hectares and is directly tied on to both. This positions Marvel in three of the key exploration and development areas within the Island, comprising Victoria Lake, Gander Zone and Hope Brook areas. Much of the area has already been covered with extremely high quality and high-resolution magnetic surveys, we have started our first phase of applying litho-structural analysis and interpretive techniques across this highly prospective area. This brings our total land holdings to approximately 50,000 hectares with the objective of reaching a total of 100,000 in what I consider the three most important areas."

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.

The QP has not completed sufficient work to verify the historic information on the properties comprising the Hope Brook property, particularly regarding historical exploration, neighboring companies, and government geological work. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.

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 South, Victoria Lake and Hope Brook - Au Prospects)
  • Atikokan, Ontario (BlackFly - Au prospect)
  • Red Lake, Ontario (Camping Lake - Au prospect)
  • Elliot Lake, Ontario (Serpent River/Pecors -Ni-Cu-PGE discovery) & (Uranium- REE's)
  • 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/652796/Marvel-Acquires-Key-Land-in-Hope-Brook-Adjacent-to-First-Mining-and-Sokoman-Minerals

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...
Magnifying glass highlighting antimony (Sb) on the periodic table.

America's Antimony Problem and Why Investors Should Care

Global antimony production in 2025 was recorded at an average of 110,000 metric tons, with China accounting for 40,000 metric tons, or roughly 36.37 percent. For years, figures like these have been treated as routine, reflecting China’s entrenched dominance in the sector. But with the suspension... Keep Reading...
Copper JV Agreement Signed with Xinhai Mining

Copper JV Agreement Signed with Xinhai Mining

Leading EPC company to farm into Verkhuba Copper Deposit and advance it to production

Further to the Heads of Agreement announced on 11 December 2025, East Star Resources Plc (LSE: EST), the Kazakhstan-focused gold and copper explorer, is pleased to announce the formalisation of the joint venture agreement ("JVA") pursuant to which Hong Kong Xinhai Mining Services Limited... Keep Reading...
Heliostar Metals (TSXV:HSTR)

Heliostar Presents Fiscal 2025 Financial Results

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") today reported audited financial results for the nine months ended December 31, 2025 ("Fiscal 2025"). The fiscal 2025 results are presented for the nine-months period as the Company adjusted its... Keep Reading...
Trading Halt

Trading Halt

Aurum Resources (AUE:AU) has announced Trading HaltDownload the PDF here. Keep Reading...
Alex Ebkarian, gold bars.

Alex Ebkarian: Gold, Silver 2026 Price Calls, Key Drivers to Watch Now

Alex Ebkarian, co-founder of Allegiance Gold, shares his outlook for gold and silver.While both are trading lower after big price runs earlier this year, he believes it's key to maintain a long-term approach to owning precious metals. "What people have to understand is — how do I position myself... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Slides Below US$4,900 as Fed Holds Rates Steady Again

The US Federal Reserve held its second meeting of 2026 from Tuesday (March 17) to Wednesday (March 18) as the Iran war escalated into a closure of the Strait of Hormuz.As anticipated, the central bank maintained the federal funds rate in the 3.5 to 3.75 percent range.The Fed’s decision to hold... Keep Reading...

Interactive Chart

Latest Press Releases

Related News