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Marvel Discovery Corp. is a Canadian-based emerging resource company listed on the TSX Venture Exchange. They are focused on exploring their extensive property holdings in various mineral-rich regions, spanning from battery metals and energy to precious metals. The company's recent corporate update letter highlights their commitment to furthering partnerships and expanding mineral assets, with recent expansions in uranium and gold projects. Notable projects include the KLR-Walker Uranium Project and the Victoria Lake Project, showcasing Marvel's strategic positioning for future growth and value generation.
Marvel Discovery Corp. (TSX-V:MARV) reports that Karim Rayani acquired 8,259,000 common shares, raising his ownership to 10.5%. His total investment amounts to $794,515.80, averaging $0.0962 per share. Furthermore, through a private placement, he purchased 2,000,000 common units for $200,000. Including stock options, his total potential ownership could rise to 14.9%. Rayani will consider additional securities purchases depending on market conditions. This announcement complies with National Instrument 62-103 for reporting changes in ownership.
Marvel Discovery Corp. (TSXV:MARV) has reported progress on its Blackfly Gold Project in northwestern Ontario. Since drilling began on June 24, 2021, nine diamond drill holes have been completed, reaching a total of 1,116.25m. Notable findings include visible gold in multiple drill holes, particularly in the Blackfly Northeast Zone and a newly discovered Mosquito Zone. The project, originally discovered in 1897, is located near significant gold deposits. A total of 456 samples have been submitted for analysis, indicating ongoing exploration potential.
Marvel Discovery Corp. (TSXV:MARV) announced that its common shares are now DTC eligible, allowing electronic clearing and settlement in the U.S. This status facilitates trading by a broader range of investors and brokers, enhancing liquidity and reducing costs.
Additionally, Marvel has engaged GRA Enterprises LLC for investor relations services for a fee of US$50,000 over six months. GRA will produce and distribute investor bulletins and manage social media outreach, subject to TSX Venture approval.
Marvel Discovery Corp. has successfully staked 478 claims totaling 11,875 hectares, located 25 kilometers from Newfound Gold's Queensway Project. This acquisition is near the Gander North Project managed by Shawn Ryan, a prominent prospecting leader. The new claims are situated along the Dog Bay-Appleton-Grub Line fault system, linked to significant gold discoveries in Newfoundland. CEO Karim Rayani emphasizes the strategic value of this acquisition, expanding Marvel's total land holdings in the Gander District to approximately 60,000 hectares, thus enhancing its exploration potential.
Marvel Discovery Corp. (TSXV:MARV)(OTCQB:MARVF) has announced an exploration update on its 100% owned Slip Project in Central Newfoundland. The project is near the Newfound Gold Queensway Project, identified as a high-priority area following regional magnetic data analysis. Recent exploration revealed surface mineralization with grab samples up to 44.5 g/t Au. Marvel has contracted Balch Exploration Consulting for a high-resolution magnetic survey and renowned prospector Roland Quinlan for systematic property exploration. This initiative could enhance resource identification and bolster investor confidence.
Marvel Discovery Corp. has announced 168 assay results from its Blackfly Gold Project, revealing significant gold mineralization. Highlights include:
- 29 samples over 500 ppb gold
- 12 samples between 1.00 to 2.99 g/t gold
- 9 samples exceeding 3.00 g/t gold
- 3 samples above 30 g/t gold
Drilling is ongoing, with initial results showing visible gold at a depth of 8m. The program continues exploration, following a high-resolution airborne survey identifying geophysical anomalies.
Marvel Discovery Corp. (MARVF) has applied for full eligibility through the Depository Trust Company (DTC), a move that is expected to enhance trading efficiency for U.S. investors. This DTC eligibility will lower costs and speed up the settlement process, allowing the company's common shares to be traded by more brokerage firms electronically. Marvel has a diverse portfolio that includes various exploration properties across Canada, focusing on gold, nickel, copper, and rare earth elements.
Marvel Discovery Corp. (TSX-V:MARV, MARVF:OTCQB) has announced positive assay results from its ongoing exploration program at the Blackfly Gold Project near Atikokan, Ontario. With 144 assay results received, 14 samples returned over 50 ppb gold, including 2 samples between 1.00 g/t and 2.99 g/t, and 3 samples exceeding 3.00 g/t, with one at 52.5 g/t highlighting a new drill target. The exploration efforts, part of a comprehensive program initiated in 2020, include geophysical anomaly assessments, prospecting, and diamond drilling of 16 planned holes.
Marvel Discovery Corp. announced the approval of its common shares for trading on the OTCQB Venture Market under the symbol MARVF as of June 24, 2021. This enables the Company to reach a broader U.S. investor base while continuing to trade on the TSX Venture Exchange (symbol MARV) and Frankfurt Stock Exchange (symbol 04T1). The OTCQB is known for providing a high-quality trading experience and requires companies to meet rigorous financial and corporate governance standards. Marvel has extensive exploration projects across Canada, focusing on gold, nickel, copper, and rare earth elements.
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