After increasing from C$0.1250 on June 22 to C$0.1700 on June 25, MARV.V fell to C$0.1400 on July 2. Despite this, the stock rose significantly to C$0.1750 on July 5. After declining from C$0.1750 to C$0.1400 on July 13, the number levelled off to July 16. Finally, the stock slightly fell and finished at C$0.1350 on July 19.
On July 15, Marvel Discovery (MARV.V) reported on the results of the exploration of its 100% Slip project, located in Central Newfoundland. This project is a high priority for Marvel, because analysis of regional magnetic data suggests that the Slip project is in the same structural environment as the Queensway project New Found Gold. Recent intelligence under the Slip project has revealed surface mineralization with samples up to 44.5 g/t of gold and a detailed systematic survey programmed is under way.
Marvel has signed an agreement with Balch Exploration Consulting to carry out a high-resolution magnetic gradient meter study. The results of the study will lead to a detailed Lithuanian structural analysis of the full projected territory . Furthermore, Marvel signed with one of the most respected and renowned miners Roland Quinlan of Edge Exploration in Newfoundland. Roland will start a systematic search program for all Slip properties.
After a long week of holidays in 2020, Helen realized she can do better in reporting Finance and Business news for Own Snap. Right now she is our weekend reporter and author. Sometimes she is busy with her projects that are related to her Master’s Degree in Finance.