Late-off time TDEM response anomalies have outlined 7 linear goal developments (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 nicely with the perimeters of magnetic highs, making them targets of excessive benefit for enormous sulphides (Determine 3).
Determine 3. Late-off time TDEM response anomalies over tilt angle by-product magnetics.
Compilation of historic drilling and mineralized showings reveal exceptional coincidence of those 7 developments with recorded Ni-Cu-Co bearing large to semi-massive sulphides (Determine 4).
Determine 4. TDEM-magnetic developments coincident with recorded Ni-Cu-Co mineralization and Fe-Ti (V, Cr) mineralization. True widths of mineralization just isn’t but recognized.
Crews have been mobilized to the property to verify historic drill holes that include extremely anomalous Ni-Cu-Co intersections, affirm the character and significance of Ni-Cu-Co showings, survey these areas of excessive benefit with a Beep Mat and prospect the newly interpreted TDEM developments for brand new Ni-Cu-Co mineralization. If the historic drill holes will be situated, low frequency downhole surveys will likely be carried out to help with future concentrating 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 affirm historic showings, but in addition discover new Ni-Cu-Co-occurrences alongside these developments. We’re very eager to find out if the historic drill collars will be situated, and whether it is doable to conduct low frequency BHEM downhole surveys on these holes. It’s common that the upper conductivity representing Ni-Cu bearing large sulphides are missed by earlier operators and these lenses of mineralization are situated simply off-hole. The outcomes of the sphere work will allow us to outline and choose our greatest targets for diamond drilling.” said Karim Rayani – President & Chief Govt Officer, Director.
The Duhamel Property
The Duhamel undertaking is situated 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 enormous mafic to ultramafic intrusive rock our bodies situated in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of many largestanorthosite intrusive our bodies on the 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 at present comprises seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide prevalence 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 to this point 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 outcome assaying 0.28% V2O5 related to 20.8% TiO2 and 0.13% Cr203.
Certified Particular person
Mike Kilbourne, P. Geo, an impartial certified particular person as outlined in Nationwide Instrument 43-101, has reviewed, and permitted the technical contents of this information launch on behalf of the Firm.
About Marvel Discovery Corp.
Marvel, listed on the TSX Enterprise Change for over 25 years, is a Canadian based mostly rising useful resource firm. The Firm is systematically exploring its intensive 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 Govt Officer, Director
Tel: 604 716 0551 electronic mail: [email protected]
Disclaimer for Ahead-Trying Info:
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 could differ materially. There will 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 any assurance any of the situations for closing will likely be met. Ahead-looking statements mirror the beliefs, opinions, and projections on the date the statements are made and are based mostly upon a variety of assumptions and estimates that, whereas thought of cheap by the respective events, are inherently topic to vital enterprise, financial, aggressive, political and social uncertainties and contingencies. Readers shouldn’t place undue reliance on the forward-looking statements and knowledge contained on this information launch regarding these instances. 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
Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
SOURCE:Marvel Discovery Corp.
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