Marvel Discovery Corp (CVE:MARV) (OTCPINK:IMTFF) (FRA:O4T) revealed the first assay results from its Blackfly Gold Project in Ontario that showed the presence of high-grade visible gold on the property.
Of the 78 samples assayed, 40 returned results greater than 100 parts per billion (ppb) gold, with seven samples grading between 1 and 2.99 grams per ton (g/t) gold.
An additional 15 samples graded higher than 3 g/t – four of which revealed more than 10 g/t gold, according to Marvel. One sample included coarse visible gold that assayed 24.3 g/t, the company added.
Marvel has identified potential new drill targets outside the area of the shaft veins, it said in a statement.
“These grab samples show the presence of high-grade gold, visible gold and the potential for both vein-hosted and broad disseminated/stringer mineralization,” Marvel CEO Karim Rayani told investors. “We are very pleased to finally prepare for our summer drill program to be commenced within weeks.”
Blackfly is located in the Atikokan gold camp, around 14 kilometres from Agnico Eagle’s massive Hammond Reef deposit.
Marvel’s 2021 exploration program at Blackfly includes compiling historical information about the property, completing a high-resolution airborne magnetic survey and time-domain electromagnetic data collection over 203 line-kilometres at 100-metre spacing.
A 16-hole drill program is planned during the summer field season.
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Story by ProactiveInvestors
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