FG:CC - Falcon Gold/Marvel Alliance applies for permits to start drilling at Hope Book Property in Newfoundland
--News Direct--
Falcon Gold/Marvel Discovery Alliance CEO Karim Rayani joined Steve Darling from Proactive to share news about the company's plans for the Hope Brook Property in southern Newfoundland.
The Alliance has applied for drill permits to carry out activities on their Golden Brook prospects within the Hope Brook Property. This property is situated within the Exploits subzone of the central Newfoundland gold belt, known for its significant mineral potential. Besides gold, the company believes there is potential for lithium on the property as well.
Rayani informed Proactive that two permit applications have been submitted. The first application is for portable drilling across the entire property, which will expand current prospecting permits and allow for portable drill-testing of targets throughout the area. The second application aims to diamond drill test prospects within the Kraken-Hydra trend, a 10km area of limited exploration located between Benton-Sokoman's Kraken Li-Ta discoveries and the Hydra Cesium Discovery.
The diamond drill permit application includes six drill pad locations with 1,000 meters of drilling planned for 12 drill holes. This phase of exploration is expected to provide valuable insights into the geological potential of the area and could potentially lead to significant discoveries.
The company's decision to apply for these drill permits demonstrates its commitment to unlocking the full mineral potential of the Hope Brook Property. As exploration and drilling activities progress, Falcon Gold/Marvel Discovery Alliance aims to enhance its understanding of the property's resource potential, particularly in gold and lithium, and pave the way for further development and growth opportunities.
Contact Details
Proactive Investors
+1 604-688-8158
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View source version on newsdirect.com: https://newsdirect.com/news/falcon-gold-marvel-alliance-applies-for-permits-to-start-drilling-at-hope-book-property-in-newfoundland-395063376