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Marvel Discovery Corp. (OTCQB: IMTFF) has acquired a significant land position in the Hope Brook Area, totaling 763 claims (19,075 hectares) adjacent to First Mining Gold and Sokoman Minerals. This region historically produced over 752,000 ounces of gold. The new property is strategically located within the Exploits Subzone and is linked to major gold deposits. CEO Karim Rayani highlighted the potential of this acquisition to enhance Marvel's exploration footprint, aiming to expand total land holdings to 100,000 hectares.
Marvel Discovery Corp. has announced its common shares are now listed on the OTCQB Venture Market under the symbol IMTFF, effective June 18, 2021. This listing aims to broaden the company's shareholder base in the U.S. and enhance visibility. CEO Karim Rayani emphasized the benefits of improved trading clarity and opportunities to connect with U.S. investors. The OTCQB is recognized for its compliance with U.S. securities laws and requires companies to meet stringent financial standards.
Marvel Discovery Corp. has expanded its Gander South Project by acquiring an additional 274 claims, totaling 6,850 hectares, increasing its land holdings to 17,100 hectares in the Gander Zone area of Newfoundland. This strategic positioning adjacent to New Found Gold Corp's Queensway Project enhances Marvel's potential in the promising gold-rich region. The Gander South Project is located along the Dog Bay-Appleton-Grub Line fault system, known for significant gold discoveries. CEO Karim Rayani emphasizes the company's commitment to increasing shareholder value through quality asset acquisitions.
Marvel Discovery Corp. has acquired 420 claims covering 10,250 hectares in Newfoundland, significantly enhancing its land position near the Queensway Gold Project and the Dog Bay-Appleton-Grub Line fault system. This acquisition is strategically located near a fault system associated with major gold discoveries, including those by Marathon Gold. CEO Karin Rayani highlights the potential for increased shareholder value and plans for upcoming field work. The acquisition aligns with Marvel's ongoing efforts to expand its exploration portfolio in the region.
Marvel Discovery Corp. (OTC PINK:IMTFF) announced receipt of its first assay results from the 2021 exploration program at the Blackfly Gold Project in Atikokan, Ontario. The initial batch of 78 assays revealed that 40 samples returned greater than 100 ppb gold, with 4 samples exceeding 10 g/t gold, including a notable sample with 24.3 g/t gold. The exploration program aims to identify new drill targets and include 16 drill holes planned for summer. The Blackfly site has a rich history dating back to 1897.
Marvel Discovery Corp. (OTC PINK: IMTFF) has received a work permit for its 2021 exploration program on the Blackfly Gold Project in Ontario. The permit allows for trenching, line cutting, and diamond drilling. Prior research, including a 2020 airborne magnetic survey, has revealed new gold mineralization targets. The property boasts a rich gold history, with grades up to 167g/t Au reported. The exploration involves mapping, sampling, and drilling, with 16 drill holes planned for the summer. Marvel's geological team aims to define gold mineralization associated with identified anomalies.
Marvel Discovery Corp. (OTC PINK:IMTFF) has acquired a 100% interest in a 5,352-hectare property in the East Bull Lake Intrusive Complex, adjacent to existing palladium projects. The acquisition includes 15 mining claims and will enhance Marvel's position in a proven, palladium-rich area. The total transaction cost is $30,000 cash and issuance of 300,000 shares with warrants. This strategic purchase is expected to leverage nearby successful drilling and resources from Grid Metals Corp. and Canadian Palladium, positioning Marvel Discovery for potential growth in mineralization.
Marvel Discovery Corp. (OTC PINK: IMTFF) has received final court approval for a plan of arrangement with Power One Resources Corp. The arrangement allows Marvel shareholders to receive one common share of Power One for every five shares held, with Power One issuing 5 million shares to Marvel. Key dates include a record date of May 7, 2021, and a distribution date of May 13, 2021. Shareholders should be aware of potential uncertainties regarding the arrangement's completion. Marvel explores multiple resource prospects across Canada, including gold, nickel, and rare earth elements.
Marvel Discovery Corp. (OTC PINK:IMTFF) reports that shareholders have approved the proposed Spin-Out of its interest in the Serpent River/Pecors and Wicheeda North properties to its subsidiary, Power One Resources Corp. Shareholders will receive one Power One share for every five shares held in Marvel, plus Power One will issue 5 million additional shares to Marvel and assume certain property liabilities. The arrangement is pending final court approval in British Columbia and TSXV consent, but completion is not guaranteed. More details can be found in the Company's Information Circular on SEDAR.
Marvel Discovery Corp. (OTC PINK: IMTFF) announced a purchase agreement for two claim groups located 85 km northeast of Prince George, British Columbia. The properties are situated in the Wicheeda Rare Metal Belt, known for its rare earth and metal mineralization potential. Acquired for $22,500, these claims expand Marvel's landholdings in the area to over 4,423.8 hectares. The company aims to capitalize on the increasing demand for green energy metals, particularly in light of the recent $2 trillion green infrastructure plan in the USA.
