Marvel to Initiate Geophysical Studies at Wicheeda North REE'S - Niobium - Space Metals, Prince George B.C. - Seite 2

The Defense Metals Wicheeda REE Property is located in the Foreland Belt of the Canadian Cordillera, within the structurally dominant NW-trending Rocky Mountain Trench. The Rocky Mountain Trench is recognized for the occurrence of several Paleozoic carbonatite-syenite intrusion-related complexes that were geologically deformed, tilted, and transported to the east in thrust panels. The REE-enriched carbonatites located on the Defense Metals property is part of a narrow, elongate, southeast-trending intrusive carbonatite-syenite complex utilizing a structural panel within sedimentary sequences of the Cambrian to Ordovician Kechika Group.

Carbonatite-related rocks are exceptionally rare, with less than 700 complexes know worldwide. They are a major host for rare metals, such as niobium and tantalum, and rare earth elements (REE's), and are also known to host economic concentrations of copper, gold and other base metals. The world's largest niobium mine, Araxa in Brazil, and several of the world's largest-rare earth element deposits, including Lynas Corporation's Mt. Weld deposit in Australia and MP Material's Mountain Pass Deposit in the United States, are all hosted by carbonatites. Mineralization and REE deposits described above are not necessarily indicative of the mineralization on the Property.

Marvels Wicheeda North Property, consists of six mineral claims, which encompass 2135 ha, immediately northwest of Defense Metals Wicheeda Property, which hosts the Wicheeda Carbonatite. This brings the company's total land holdings within the Wicheeda Rare Earth Metal Belt to 4,423 ha covering a total of 18 claims. Preliminary interpretation of the regional magnetic fabric by Marvel indicated the Property contained a distinct oval magnetic feature underpinning Marvel's acquisition of the ground. Similar magnetic features are prominent on the Defense Metals REE Project, interpreted to be consistent with the carbonite host to their REE mineralization.

Foto: Accesswire

Within the USA, the recent announcement of $2 Trillion USD of green infrastructure spending and jobs plan will focus on modernizing and electrifying the US energy grid to handle modern electric vehicles that will result in a carbon-neutral economy by 2035. In order to facilitate this transition, a dramatic surge in demand for green energy metals and minerals will take place. These include light rare earth elements such as neodymium and praseodymium (used in the creation of permanent magnets), niobium, and copper. Marvel Discovery Corp. is actively positioning itself to ensure it is well placed to capitalize on this growing market. Space metals, and various rare earth metals such as Niobium are known for their high melting point withstanding extreme heat and have direct applications in nuclear and space flight.