Marvel Discovery (MARV.V), a Canadian-based junior focused on the acquisition, exploration and development of Canadian mineral properties, announced today that it had sent a field crew to its Duhamel Ni-Cu-Co and titanium-vanadium-chromium property.
Duhamel is located approximately 350 kilometres north of Quebec City, Quebec. The property consists of 102 claims covering 5,300 hectares.
As a result of a TDEM and magnetic airborne survey, not only did Marvel increase its land position from 42 to 102 claims, but it was also able to define targets of high merit for massive sulphides.
Marvel has sent crews to the property to confirm historical drill holes that were found to contain highly anomalous Ni-Cu-Co showings as well as confirm the nature and significance of those showings.
In addition, crews at Duhamel will survey the 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.
Karim Rayani, president, CEO and director of Marvel, commented, “Exploration crews are now mobilized at the Duhamel Ni-Cu-Co Property, we are extremely pleased with the results of the heliborne survey in generating targets. The Duhamel Property is a fertile host for Ni-Cu-Co massive sulphides and iron Ti-V-Cr mineralization demonstrated by historical exploration. We remain confident that our field crews will not only confirm historical showings, but also find new Ni-Cu-Co-occurrences along these trends. 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. It is common that the higher conductivity representing Ni-Cu bearing massive sulphides are missed by previous operators and these lenses of mineralization are located just off-hole. The results of the field work will enable us to define and select our best targets for diamond drilling.”
The Duhamel property currently contains seven occurrences of Ni-Cu-Co sulphides and one Fe-Ti-V iron oxide occurrence discovered between 1997 and 2001 by previous operators who defined a 13-kilometre-long mineralized rock corridor.
Historical drill intercepts included 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 metres by Virginia Gold Mines in 2000 that contained massive sulphides.
The month of July has been busy for Marvel as it announced applying for permits for its diamond drill program at the company’s KLR-Walker uranium project in the Athabasca Basin as well as announcing it had initiated exploration at its 100%-owned Gander North gold property in Newfoundland.
Rayani recently spoke with Equity.Guru’s Jody Vance regarding Marvel and its diverse portfolio of mineral properties.
Marvel currently trades at $0.10 CAD per share for a market cap of $10.08 million.