Marvel Discovery starts exploration at Slip project in central Newfoundland

Marvel Discovery Corp (CVE:MARV) (FRA:O4T1) (OTCQB:MARVF) said it has commenced exploration at its Slip project in central Newfoundland, contracting Balch Exploration Consulting Inc (BECI) to conduct a high-resolution magnetic gradiometer survey.

The Vancouver-based emerging resource company said it has also contracted Roland Quinlan of Edge Exploration, one of the most highly regarded and well-known prospectors in Newfoundland. Quinlan will begin a systematic prospecting program of the entire Slip property.

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Marvel said BECI’s survey results will allow for 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. The survey will be flown along 100 metre (m) spaced lines with a sensor height of 30m and sample intervals of 3-5m. Real-time differential GPS accuracy is accurate to within 3-5m, allowing for direct ground follow-up without the need for additional ground geophysics, which often requires line cutting.

“We are pleased to commence operations at Slip, completing the high-resolution survey will outline the structural features that we believe are present on the property,” Marvel Discovery CEO Karim Rayani said in a statament.

“In addition, we were able to attract Roland Quinlan, a local, high-profile and respected prospector of Edge Exploration, Newfoundland,” he added.

The Slip project is located within 17 kilometres (km) of New Found Gold’s Queensway project. An analysis of the regional magnetic data suggests the Slip project lies within a similar structural setting as the Queensway project, making this project a high priority for Marvel, the company said.

Recent exploration on the Slip project has uncovered surface mineralization with grab samples as high as 44.5 grams per ton gold and a detailed, systematic exploration program is now underway.

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