Marvel Receives First Set of Drill Permits at Houliere-Duhamel Nickel-Copper-Cobalt Property, Lac St. Jean, QC

VANCOUVER, BC / ACCESSWIRE / August 9, 2023 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company") is pleased to report the company has received its first drill permit on Duhamel Ni-Cu-Co and Ti-V-Cr property (the ‘Property') located 350 kilometres (km) north of Quebec City, QC (Figure 1). Following the interpretation of the TDEM and magnetic airborne survey, Marvel increased its land position in the Saguenay-Lac-Saint-Jean Anorthosite Suite from 42 claims to 102 claims for a total of 5,300 hectares (see press release dated February 15, 2022).

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.

Foto: Accesswire

Figure 1. Regional location of the Duhamel Property

Late-off time domain TDEM response anomalies have outlined 7 (seven) linear target trends (A through G) that strike northwest-southeast for several kilometres.

Foto: Accesswire

Figure 2. Late-off time TDEM response anomalies on the Duhamel Ni-Cu-Co Property.

These Late-off time domain electromagnetic (TDEM) responses coincide well with the edges of magnetic highs, making them targets of high merit for massive sulphides (Figure 2). The compilation efforts have shown precisely that all known massive to semi-massive sulphide occurrences occur within two of these trends. Beyond five (5) zones with same geophysical targets remain largely under unexplored.

Geophysique TMC has been contracted to perform Low Frequency Time Domain Electromagnetic surveys over the highest priority target areas. The numerical modeling of these results added of the historical data will be utilized in 2023 in real-time to plan the first drill-holes on this project.

Mr. Karim Rayani, Chief Executive Officer, commented, "An unprecedented fire season throughout much of Quebec has resulted in unanticipated exploration delays for many explorers in the province and we are no exception. We have taken this down-turn to solidify relations with our First Nations communities and finalize geological compilations of our property positions. We are now happy to report that the field crews are mobilized to the Duhamel Property, and we are excited to start the first ever surface low frequency TDEM surveys on this property. This exploration technique is strongly utilized for nickel explorers. The borehole TDEM surveys in drillhole will be utilized likewise to prioritize our focus to the highest conductance target. We are very excited to start our first drilling on Duhamel Property."