Marvel Initiates Till Sampling Program at Gander East Contiguous to New Found Gold

VANCOUVER, BC / ACCESSWIRE / September 13, 2023 / Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company")is pleased to announce it has initiated its summer 2023 surface exploration program at the Gander East Property. The focus of the program is to complete a till sampling program over a high priority target associated with north-northeast-trending structures. The priority target is one of several targets that were identified in 2022 by high resolution, helicopter-borne magnetic surveys completed by Marvel (see March 2, 2022, and June 14, 2022, releases for further details). The project is being completed as a follow up to preliminary prospecting and ground truthing which was conducted by the company in late 2022 (see November 9, 2022, release), which identified minimal outcrop and well-developed overburden over the target areas. Further refinement of the targets was completed through review and analysis of geophysical data in preparation for the current program.

Surface work will include till sampling over a Priority 1 target that is associated with north-northeast trending structures. Till sample stations will be collected at 150 meter stations along lines oriented perpendicular to the structures, at 500 meter line spacing. Till sampling will include collection of samples from the B and C horizon. The program was initiated in late August and is anticipated to complete during the month of September. The work is being completed toward exploring the potential for anomalous gold along the structures, and the results from this study will be used to define targets for follow up exploration work. The company interprets the structures at Gander East to be part of the system of faults that bound the GRUB Line, and may represent a splay from the nearby fault system at Queensway where Newfound Gold has made multiple discoveries.

Mr. Karim Rayani, Chief Executive Officer, commented, "New Found Gold Corp. continues to release impressive results from their Queensway Project and continues to show extensive mineralization over a vast area. We initially staked this ground based on the structures we had interpreted within open ground, next to NFG, and continual success within the camp is proof positive of the importance of these deep crustal scale features in the role of movement of mineralizing fluids. The structures we have interpreted from our high-resolution Airborne Magnetic surveys shows several 2nd and 3rd order splays off regional scale fault Zones and our focus is the exploration of these highly prospective structural trends. While the gold market remains stressed, there remains a bullish undertone to all precious metals as there is an increasing lack of confidence in fiat-denominated currencies. We believe that 2024 is shaping up to be a very bullish market for gold."