Late-off time TDEM response anomalies have outlined 7 linear goal traits (A by G) that strike northwest-southeast for a number of kilometres.
Determine 2. Late-off time TDEM response anomalies on the Duhamel Ni-Cu-Co Property.
These Late-off time TDEM responses coincide effectively with the sides of magnetic highs, making them targets of excessive advantage for large sulphides (Determine 3).
Determine 3. Late-off time TDEM response anomalies over tilt angle spinoff magnetics.
Compilation of historic drilling and mineralized showings reveal outstanding coincidence of those 7 traits with recorded Ni-Cu-Co bearing large to semi-massive sulphides (Determine 4).
Determine 4. TDEM-magnetic traits coincident with recorded Ni-Cu-Co mineralization and Fe-Ti (V, Cr) mineralization. True widths of mineralization shouldn’t be but recognized.
Crews have been mobilized to the property to verify historic drill holes that comprise extremely anomalous Ni-Cu-Co intersections, verify the character and significance of Ni-Cu-Co showings, survey these areas of excessive advantage with a Beep Mat and prospect the newly interpreted TDEM traits for brand new Ni-Cu-Co mineralization. If the historic drill holes might be positioned, low frequency downhole surveys shall be carried out to help with future focusing on efforts.
Commentary
“Exploration crews at the moment are mobilized on the Duhamel Ni-Cu-Co Property, we’re extraordinarily happy with the outcomes of the heliborne survey in producing targets. The Duhamel Property is a fertile host for Ni-Cu-Co large sulphides and iron Ti-V-Cr mineralization demonstrated by historic exploration. We stay assured that our discipline crews won’t solely verify historic showings, but in addition discover new Ni-Cu-Co-occurrences alongside these traits. We’re very eager to find out if the historic drill collars might be positioned, and whether it is doable to conduct low frequency BHEM downhole surveys on these holes. It is not uncommon that the upper conductivity representing Ni-Cu bearing large sulphides are missed by earlier operators and these lenses of mineralization are positioned simply off-hole. The outcomes of the sector work will allow us to outline and choose our greatest targets for diamond drilling.” said Karim Rayani – President & Chief Government Officer, Director.
The Duhamel Property
The Duhamel undertaking is positioned between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in central a part of Proterozoic Grenville Geological Province (Determine 2). The Duhamel Property is characterised by the presence of huge mafic to ultramafic intrusive rock our bodies positioned in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of many largestanorthosite intrusive our bodies on this planet. The Chute-des-Passes-Pipmuacan reservoir areas comprises quite a few large sulfide and iron oxide mineralization occurrences acknowledged and documented by the Quebec authorities (Sigeom, Determine 5).
Determine 5. Ni‐Cu‐Co and Fe‐Ti‐P‐V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hébert et Cadieux, 2002)
The Duhamel Property presently comprises seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide incidence found between 1997 to 2001 by earlier operators who outlined a 13 km lengthy mineralized rock hall (Determine 4). Drill intercept highlights embrace 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained large sulfides. Compilation of historic evaluation reviews thus far reveals greater than thirty (30) Ni-Cu (Co) and 4 (4) Fe-Ti (V, Cr) mineral occurrences which confirms this hall to be extremely potential for brand new Ni-Cu-Co discoveries, in addition to Fe-Ti (Cr, V) discoveries.
Additional to the compilation of beforehand filed evaluation reviews Marvel recovered from historic information a seize pattern (from large Iron-Titanium Oxides), the end result assaying 0.28% V2O5 related to 20.8% TiO2 and 0.13% Cr203.
Certified Particular person
Mike Kilbourne, P. Geo, an unbiased certified individual as outlined in Nationwide Instrument 43-101, has reviewed, and accredited the technical contents of this information launch on behalf of the Firm.
About Marvel Discovery Corp.
Marvel, listed on the TSX Enterprise Trade for over 25 years, is a Canadian primarily based rising useful resource firm. The Firm is systematically exploring its in depth property positions in:
- Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook – Au Prospects)
- Atikokan, Ontario (BlackFly – Au Prospect)
- Elliot Lake, Ontario (East Bull – Ni-Cu-PGE Prospect)
- Quebec (Duhamel –Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)
- Prince George, British Columbia (Wicheeda North – Uncommon Earth Parts Prospect)
The Firm’s web site is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp.
“Karim Rayani”
Karim Rayani
President/Chief Government Officer, Director
Tel: 604 716 0551 electronic mail: okay@r7.capital
Disclaimer for Ahead-Wanting Data:
Sure statements on this launch are forward-looking statements which mirror the expectations of administration. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations, or intentions concerning the long run. Ahead-looking statements on this press launch relate to, amongst different issues: completion of the proposed Association. Precise future outcomes might differ materially. There might be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. There isn’t a assurance any of the situations for closing shall be met. Ahead-looking statements mirror the beliefs, opinions, and projections on the date the statements are made and are primarily based upon a lot of assumptions and estimates that, whereas thought of cheap by the respective events, are inherently topic to important enterprise, financial, aggressive, political and social uncertainties and contingencies. Readers mustn’t place undue reliance on the forward-looking statements and data contained on this information launch regarding these occasions. Besides as required by legislation, the Firm doesn’t assume any obligation to replace the forward-looking statements of beliefs, opinions, projections, or different components, ought to they modify, besides as required by legislation
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SOURCE:Marvel Discovery Corp.
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