Marvel to target Hope Brook gold zones

Jun 05, 2023

gold miningMarvel to target Hope Brook gold zones
Indicated gold resources of 954K Oz

Marvel Discovery Corp and Falcon Gold Corp together-the Alliance, previously announced the mobilization of field crews to the Golden Brook. The Golden Brook covers a vast area totaling 54,600 hectares, strategically located contiguous to Benton-Sokoman’s Golden Hope Project covering a portion of the Kraken Pegmatite Field.

The exploration project has been expanded to include reconnaissance over the northwest portion of the Golden Brook Property, which covers over 30km along the prospective Cape Ray Fault Zone. The Cape Ray Fault Zone has historically been recognized as being fertile for gold. The property is located in proximity to several gold prospects, an advanced stage gold deposit, and a former gold mine.

Work at the Kraken Pegmatite field continues with a focus on determining the potential for lithium-bearing pegmatites. Marvel has expanded the project to include areas of the property overlying the fault zone to explore the potential for gold mineralization associated with the fault system. The Company had originally acquired the Golden Brook for its gold potential.

Within this immediate area, the most significant deposit is the former Hope Brook Gold Mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook deposit now owned by First Mining, and has since been optioned to Big Ridge Exploration Corp., which has outlined an additional 6.33 million tonnes at an average grade of 4.68 grams per tonne gold for 954,000 ounces of gold in the indicated and inferred categories.

Karim Rayani, Chief Executive Officer, commented, “The strategic location of this vast area along the highly prospective Cape Ray Fault Zone is well-known for its gold potential, combined with the adjacent Kraken Pegmatite Field, presents a unique opportunity covering both battery metals and gold. The past success at Hope Brook further validates the area’s potential for new discoveries in the region.”

You May Also Like