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November 04, 2024

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MARVEL DISCOVERY

Marvel Discovery (MARV.V) ready to carry out 2023 drill campaign at Nickel Property

Marvel Discovery Corp. (MARV.V), a Canadian-based junior explorer, is a multi-commodity resource company engaged in the acquisition, exploration, and development of diverse metal assets in Canada.

 

Today Marvel Discovery announced it has retained the services of Magnor Exploration Inc of Saguenay to carry out 2023 drilling campaign on Ni-Cu-Co and Ti-V-Cr Duhamel property.

The Duhamel project is located between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in central part of Proterozoic Grenville Geological Province. The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of the largestanorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government.

The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor. Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides.

Marvel has completed extensive work to date on the Duhamel project which includes flying the entire property with airborne TDEM and magnetic and compilations of all historical data as it prepares for an inaugural drilling campaign on the property.

The Company intends to drill up to 15 holes totaling 2000 meters targeting both the Houliere and Duhamel Zones. The first phase will target the Houliere Zone, where nickel, copper and cobalt mineral occurrences have been identified which also included chrome, vanadium, and titanium mineralization.

 

Late-off time domain TDEM response anomalies have outlined 7 (seven) linear target trends. These Early-Off-Time domain electromagnetic (TDEM) responses coincide well with the edges of magnetic highs, making them targets of high merit for massive sulphides.

Marv info chart 1

 

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The stock has recently rejected resistance at the $0.06 zone. The stock is heading lower and could retest the support at $0.03. This is where buyers should be expected to jump in. If $0.03 breaks, then the stock is poised to retest all time record lows at $0.01.

 

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