Marvel Discovery Corp.: Marvel Discovery Acquires Ground in the East Bull Lake Intrusive
Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T1)(OTC PINK:IMTFF); (
Marvel or the
Company ) is pleased to announce it has acquired a 100% interest on a property in the East Bull Lake Intrusive Complex contiguous to Grid Metals Corp. and Canadian Palladium East Bull Lake Palladium Projects east of Elliot Lake, Ontario. The claim group consists of 15 mining claims totaling 5,352 hectares (Figure 1).
Figure 1
The East Bull Lake Intrusive Complex
The East Bull Lake Intrusive (EBLI) is part of the palladium-rich mafic intrusive East Bull Suite that occurs in the Sudbury region. It is host to the New Age Metals River Valley deposit hosting Measured and Indicated resources of 99Mt of 0.90 gpt Pd Eq and an additional Inferred resource of 53Mt grading 0.63 gpt Pd Eq located east of Sudbury, Ontario (https://newagemetals.com/wp-content/uploads/NAM-River-Valley-PEA-by-PE-August-7-2019.pdf). West
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A junior Canadian mining company is continuing to pursue its interest in the region. The Toronto-based Grid Metals Corp. has been exploring for palladium in the East Bull Lake area, north of Massey. Robin Dunbar, president and chief executive officer of Grid Metals Corp., says the company is not new. It started more than 20 years ago under the name of Mustang Gold, which began in 1997. He says they changed the company name in 2017 after they got new investors. At the time, their stocks were selling for about four cents per share. “So, we’ve been around for a while,” says Dunbar.
Mining company drilling north of Massey looking for palladium northernnews.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernnews.ca Daily Mail and Mail on Sunday newspapers.
Grid Metals Corp.: Grid Metals Reports Additional Positive Drill Results from East Bull Lake Palladium Property
Grid Metals Corp. (the
Company ) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to provide new drilling results for an additional three holes from the Central Parisien Lake target area on its East Bull Lake palladium project, located near Sudbury, Ontario. A metallurgical study has been initiated to confirm the potential for generating a palladium-rich sulfide concentrate from representative core samples from the Parisien Lake area.
Highlights
Encouraging new results for three step out holes are reported below. The holes are located between 30 metres and 250 metres away from discovery hole EBL20-13. Significant widths of anomalous palladium and copper sulfide mineralization were encountered in drill holes, including 77.0 metres of 0.81 g/t palladium equivalent grade (
Grid Metals Corp : Grid Metals Provides New Drill Results From East Bull Lake and Strengthens Technical Team finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.