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VANCOUVER, BC/ACCESSWIRE/August 23, 2022/Marvel Discovery Corp. (TSXV: MARV) (Frankfurt: O4T) (OTCQB: MARVF); (“Wonder” or the “Company”) is happy to report on the results of our most recent field campaign on the Duhamel Ni-Cu-Co-PGE and Ti-V-Cr property which is located 350 kilometers (km) north of Quebec City, QC (Figure 1) .
Figure 1. Regional location of the Duhamel property
Following the recently completed interpretation of airborne magnetic and TDEM surveys that identified several high priority target areas, Marvel sent a survey team to the field for ground follow-up. The field team located a new showing in the Houliere block coinciding with a newly identified airborne EM anomaly. The field team then used a Beep Mat to pinpoint the exact location of the near-surface area and used a handheld XRF instrument to immediately determine the potential prospectivity of this new showing. The showing is characterized by altered ultramafic rocks which prospectors have named the Rottenstone showing. XRF analysis of selected samples showed highly anomalous contents of copper, nickel and cobalt, typical components of a magmatic Ni-Cu sulphide system. Samples were sent to the laboratory for priority analysis.
Next steps include stripping and cleaning of the mineralized zone followed by channel sampling to determine dimensions. In addition, prospecting will continue on the Duhamel East section of the property.
Mr. Karim Rayani, President and CEO commented, “We are absolutely delighted with the results of our inaugural field survey program in Duhamel, and finding a new clue in the first week bodes very well for the rest of our field campaign. Although the XRF readings abnormalities of our new showing will need to be confirmed by laboratory analysis – if stripping indicates that the new showing is more extensive than what is currently exposed, we will immediately apply for drill permits while expanding our field exploration program “.
The Duhamel project is located between the Chutes-des-Passes and Pipmuacan reservoir deformation zones (or sectors) included in the central part of the Proterozoic geological province of Grenville. The Duhamel property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in the northern margin of the Saguenay-Lac-Saint-Jean Anorthosite Suite (SAGLSJ), one of the largest intrusive bodies in anorthosite in the world. The sectors of the Chute-des-Passes-Pipmuacan reservoir contain many signs of massive sulphide and iron oxide mineralization recognized and documented by the Government of Quebec (Sigeom, Figure 2).
Mike Kilbourne, P. Geo, an Independent Qualified Person as defined in National Instrument 43-101, has reviewed and approved the technical content of this press release on behalf of the Company.
About Marvel Discovery Corp.
Marvel, listed on the TSX Venture Exchange for over 25 years, is an emerging resource company based in Canada. The Company systematically explores its large real estate positions in:
- Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte and Hope Brook – At Outlook)
- Atikokan, Ontario (Black fly – To Prospect)
- Elliot Lake, Ontario (East Bull – Ni-Cu-PGE perspective)
- Quebec (Duhamel –Prospect Ni-Cu-Co & Prospect Titanium, Vanadium and Chromium)
- Prince George, British Columbia (Wicheeda North – Prospecting for rare earth elements)
The company’s website is: https://marveldiscovery.ca/
ON BEHALF OF COUNCIL
Marvel Discovery Corp.
President/Chief Executive Officer, Director
Tel: 604 716 0551 Email: [email protected]
Disclaimer for forward-looking information:
Certain statements contained in this release are forward-looking statements that reflect management’s expectations. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. The forward-looking statements contained in this press release relate to, among other things, the completion of the proposed arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that the closing conditions will be satisfied. Forward-looking statements reflect beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates which, while believed to be reasonable by the respective parties, are inherently subject subject to significant business, economic, competitive conditions, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this press release regarding such periods. Except as required by law, the Company undertakes no obligation to update any forward-looking statements of beliefs, opinions, projections or other factors, should they change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release..
THE SOURCE: Marvel Discovery Corp.
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