Marvel Initiates Till Sampling Program at Gander East Contiguous to New Found Gold - Seite 2

The Gander East Project consists of 274 claims totaling 6,850 hectares, which have been strategically positioned adjacent to New Found Gold's ("NFG") Queensway Project and along strike from both Exploits Discovery Middle Ridge Project and Sassy Resources Gander North Project (Figure 1). The Queensway Project is undergoing a 400,000 m drill campaign targeting 20 km of prospective strike along the regional scale Appleton and Dog Bay fault zones (Figure 2). A recent news release from NFG dated November 2, 2022, reported intercepting 33.8 g/t Au over 2.35m, 37.4 g/t over 2.10m, and 22.8 g/t Au over 2.20m at their Lotto North Vein situated within a brittle fault zone developed proximal to the Appleton Fault Zone (released November 2, 2022). Parallel structures to those hosting gold at the Queensway and Middle Ridge project areas intersect the Gander East Project, including a segment of the Gander River Ultrabasic Line (GRUB Line) that defines the easternmost bounding structure of the regionally prospective Exploits Subzone (Figure 3). Furthermore, the Gander East Project lies along strike to the south of a new regional gold trend defined by Sassy Resources as a part of their Gander North Project. The structure is integral to the numerous gold occurrences and drill intersections within the Exploits Subzone.

Foto: Accesswire

Figure 1. Location of Marvel's Gander East gold property proximal to New Found Gold's Queensway Property.

Foto: Accesswire

Figure 2. Comparison of high-resolution magnetic survey to existing regional magnetic government overage. A) Existing regional magnetic signature. B) Juxtaposition of New Found Gold Property and Marvel Gander East property over regional magnetics. C) Area of high-resolution magnetic survey by Marvel over regional government data D) Pronounced difference of high-resolution magnetic signature compared to pre-existing regional government data.

Foto: Accesswire

Figure 3. Preliminary structural interpretation of the high-resolution magnetic survey showing 2nd and 3rd order structures conducive for trapping gold-bearing hydrothermal fluids.

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