Marvel Discovery raises gold assets in Newfoundland


Marvel Discovery raises gold assets in

Marvel Discovery (TSXV: MARV) is ramping up exploration at its gold projects in Newfoundland, Canada, as the company prepares to start drilling once permits are received.

“We expect those permits to come in the next four to six weeks,” said Karim Rayani, president and CEO of Marvel Discovery. “And we just completed a C$2 million raise. So we’re cashed in and we’re ready to start doing exploratory drilling in Newfoundland.

Marvel is an acquisition, exploration and development company focused on a diverse portfolio of mineral assets across Canada. It has more than 115,000 acres of potential gold assets in Newfoundland alone that are in various stages of exploration.

“If you really look at the geology of Newfoundland, there are so many discoveries that are starting to sprout up there,” Rayani said. “Marvel recognized very quickly what was going on. We are currently probably the (third) or fourth largest landowner of land in Newfoundland, tied to significant deposits.”

In the Golden Brook project alone, Marvel owns more than 100,000 acres of land. The project is a joint venture between Marvel and Falcon Gold (TSXV:FG,OTCQB:FGLDF). “We have a million ounces in the north, a million ounces in the south and we have a big fault going through. So we are currently mobilizing crews there. If we allow that, it will take a little longer before we are ready to drill,” Rayani said.

Watch the full interview with Karim Rayani, President and CEO of Marvel Discovery.

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