Marvel reports up to 50.6 g / t gold over 0.5 m, Phase 1 drilling in 2021 on the Black Fly gold project, Atikokan, Ontario
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VANCOUVER, BC / ACCESSWIRE / November 10, 2021 / Marvel Discovery Corp. (TSXV: MARV) (Frankfurt: O4T1) (OTCQB: MARVF); (the “Society”) is pleased to announce that it has received assay results from its 2021 Phase 1 drilling on its 100% owned property. Black Fly Gold Project near Atikokan, Ontario (Figure 1). A total of nine diamond drill holes were completed over 1,116.25 m (Table 1). Gold mineralization was intersected in all nine holes (Tables 2). The objective of the Phase 1 drilling program was to drill fill holes and expand the historic Black Fly structure and study new gold zones discovered in the 2021 surface and mapping program (see the press release of July 5, 2021). The results of the Phase 1 drill program were very successful in meeting targets indicating the presence of high and low grade gold in known and new gold fields.
Highlights of the drilling program include:
Northeast zone of the black fly (figure 2)
- Hole BF21-19 intersected several gold fields, including 50.6 g / t gold over 0.5 m from 39.2 to 39.7 m and with hole BF21-18, extends the Black Fly Northeast zone 130 m to the northeast.
Main black fly area (figure 3)
- BF21-13 intersected borehole 1.06 g / t gold over 9.3 m from 14.3 to 27.7 m.
- BF21-16 intersected borehole 0.79 g / t gold over 7.7 m from 7.3 to 15.0 m.
- Hole BF21-14 intersected a large mineralized zone with 18,2 meters grading 0.21 g / t gold, including 1.74 g / t gold over 1.0 m.
- Drill hole BF21-15 intersected several gold domains, including 1.96 g / t gold over 0.3 m from 7.7 to 8.0 m, corresponding to the discovery in 2021 of up to 52.5 g / t gold in a grab sample. Visible gold was noted in this hole (see August 3, 2021 press release) 7.7-8.0m down the hole.
Deer fly area
- Hole BF21-17 intersected several gold fields, including 1.10 g / t gold over 2 m from 40.0 to 42.0 m.
Northwest area of the black fly
- BF21-13 intersected borehole 0.93 g / t gold over 6.7 m from 105.7 to 112.4 my included 1.42 g / t gold over 4.0 m from 108.4 to 112.4 m.
Figure 1: Geological map, current and historical locations of drill collars for the Black Fly Gold project.
Table 1: Drilling statistics for phase 1 of the Black Fly Gold project.
Table 2: Highlights of analyzes of the Phase 1 drilling program of the Black Fly Gold project.
Mr. Karim Rayani, CEO commented, “These results show the continuity and potential of the Black Fly project. New drilling has widened the Black Fly zone by 130m in the direction, with visible gold present in several holes reaching up to 50 g / t near surface, with current mapping and sampling we have further confirmed the presence of new gold structures to target. We will continue to build on the success of the Phase One program and look forward to expanding these results in our Phase Two. “
Figure 2: Current and historical drill collar locations for the Black Fly Northeast Zone area corresponding to Figure 1.
Figure 3: Current and historical drill collar locations for the main Black Fly area, corresponding to Figure 1.
Basic QA / QC and Sampling Protocols
Samples collected in 2021 were analyzed by Activation Laboratories, an ISO / IEC 17025: 2017 accredited facility. The drill core was recorded and sampled at Marvel’s secure facility located near Atikokan, Ontario. The samples were obtained by cutting the core in half using a diamond saw and were stored in Marvel’s secure field office until transported by Marvel personnel to the preparation facilities at Marvel. samples from Activation Laboratories in Thunder Bay, Ontario. The gold was analyzed by fire assay with an atomic absorption finish; samples containing> 5 g / t Au were reanalyzed by fire assay with gravimetric finish. Certified gold reference standards, field duplicates and blanks were routinely inserted into the sample stream. Selected samples were also chosen for a duplicate assay from the coarse rejection of the original sample. Gold results from the holes reported here ranged from less detection to 50.06 g / t. No QA / QA issues were noted with the results reported here.
Marvel’s Blackfly Gold Project
The property is located in the developing Atikokan gold mining camp along and in the Marmion fault zone, approximately 13.6 kilometers (“km”) southwest of Agnico Eagle’s Hammond Reef gold deposit.
The Black Fly Main Zone area and the Northeastern Black Fly Zone lie in areas of magnetic depressions along a strong, linear property-wide magnetic high pressure north-east trending corresponding to to a magnetic mafic dyke. The gold is concentrated in highly weathered granodiorite and diorite veined with silica-sericite-ankerite-pyrite ± chlorite and commonly associated with shear. The accessory sulphide phases include galena, chalcopyrite and bornite. Marvel’s surface sampling, mapping, and interpretation of magnetic data resulted in better defined and wider gold intervals than TerraX’s drill holes between 2009 and 2012.
Appraisal records indicate that the original Blackfly gold discovery was made in 1897, making the occurrence one of the oldest finds in the Atikokan gold mining camp. The 45-foot well for the project was sunk in 1898 shortly after the discovery of gold. Several companies have added to the Property database, including: Rebair Gold Mines Ltd. (1945 to 1948), Steeprock Mines Ltd. (1949 and again in 1961), Aavdex Corporation (2004) and TerraX Minerals Inc. (2009 to 2012).
2021 exploration program
The 2021 exploration program on the project is a continuation of the work initiated in 2020 which included a compilation of historical information and reports and the completion of its collection of high-resolution airborne magnetic and electromagnetic data in the time domain over 203 line-kilometers spaced 100 m apart. Several geophysical anomalies were identified and follow-up targets were recommended. Marvel’s geology team tracked exploration work from 2020 through 2021, bedrock mapping and trenching, which helped define gold mineralization associated with known geological anomalies and structures. Additional diamond drilling is on budget, with a phase two program to track and scale up 2021 results.
The technical content of this press release has been reviewed and approved by Mike Kilbourne, P.Geo., Who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian-based emerging resources company. The Company systematically explores its vast real estate positions in:
- Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte and Hope Brook – To Prospects)
- Atikokan, Ontario (BlackFly – To Prospect)
- Elliot Lake, Ontario (East Bull – Prospect Ni-Cu-PGE)
- Quebec (Duhamel – Prospect Ni-Cu-Co & Prospect Titanium, Vanadium and Chromium)
- 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.
Chairman and CEO, director
Tel: 604 716 0551 email: [email protected]
Forward-looking information disclaimer:
Certain statements contained in this press release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements which are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. The forward-looking statements contained in this press release relate, among other things, to the 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 beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates which, while believed to be reasonable by the respective parties, are inherently subject to commercial, economic, competitive conditions, political and social uncertainties and contingencies. Readers should not place undue reliance on forward-looking statements and information contained in this press release relating to such periods. Except as required by law, the Company assumes no obligation to update forward-looking statements of beliefs, opinions, projections or other factors, if they change, except as required by law.
Neither the 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..
THE SOURCE: Marvel Discovery Corp.
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