Marvel Discovery Corp. - CEO, Karim Rayani
CEO, Karim Rayani
Source: Karim Rayani
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Marvel Discovery Corp. (MARV) has mobilized a field crew to the Duhamel Ni-Cu-Co and Ti-V-Cr Property
  • Late-off time TDEM response anomalies have outlined seven linear target trends that strike northwest-southeast for several kilometres
  • The crew will confirm historic drill holes that contain highly anomalous Ni-Cu-Co intersections, confirm the nature and significance of Ni-Cu-Co showings, etc
  • If the historical drill holes can be located, low frequency downhole surveys will be performed to assist with future targeting efforts for drilling
  • Marvel Discovery Corp. is a Canadian-based emerging resource company.
  • Marvel Discovery Corp. opened trading at $0.09 per share

Marvel Discovery Corp. (MARV) has mobilized a field crew to the Duhamel Ni-Cu-Co and Ti-V-Cr Property north of Quebec City.

As a result of the interpretation of the TDEM and magnetic airborne survey, Marvel increased its land position in the Saguenay-Lac-Saint-Jean Anorthosite Suite from 42 claims to 102 claims for a total of 5,300 hectares.

Late-off time TDEM response anomalies have outlined seven linear target trends that strike northwest-southeast for several kilometres.

These late-off time TDEM responses coincide well with the edges of magnetic highs, making them targets of high merit for massive sulphides.

The compilation of historical drilling and mineralized showings reveals the remarkable coincidence of these seven trends with recorded Ni-Cu-Co bearing massive to semi-massive sulphides.

The company mobilized a crew to the property to confirm historic drill holes that contain highly anomalous Ni-Cu-Co intersections, confirm the nature and significance of Ni-Cu-Co showings, and survey those areas of high merit with a Beep Mat and prospect the newly interpreted TDEM trends for new Ni-Cu-Co mineralization.

If the historical drill holes can be located, low frequency downhole surveys will be performed to assist with future targeting efforts.

“We are extremely pleased with the results of the heliborne survey in generating targets,” said Karim Rayani, President & Chief Executive Officer.

“We are very keen to determine if the historic drill collars can be located, and if it is possible to conduct low frequency BHEM downhole surveys on these holes, and the results of the field work will enable us to define and select our best targets for diamond drilling,” he added.

The Duhamel Property is characterized by large mafic to ultramafic intrusive rock bodies located in the northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of the largest anorthosite intrusive bodies in the world.

Marvel Discovery Corp. is a Canadian-based emerging resource company.

Marvel Discovery Corp. opened trading at $0.09 per share.


More From The Market Herald

" Victoria Gold (TSXV:GCX) reports Q2 2022 results

Victoria Gold (GCX) released its Q2 2022 results, mostly stemming from its Eagle Gold Mine in Yukon.

" Sandstorm Gold receives court approval for Nomad Royalty (TSX:NSR) acquisition

Nomad Royalty Company (NSR) announced that the Superior Court of Québec has issued a final order approving its acquisition by Sandstorm Gold Ltd.
Grizzly Discoveries Inc. - President & CEO, Brian Testo

" Grizzly (TSXV:GZD) to begin drilling targets

Grizzly Discoveries Inc. (GZD) has announced plans to begin drilling on the Greenwood Project before the end of this month.

" Winshear Gold (TSXV:WINS) upsizes private placement

Winshear Gold (WINS) has increased its previously announced non-brokered private placement financing to $650,000.