Marvel Discovery Corp said it has submitted an application to the provincial and municipal governments for a drill program at the Duhamel nickel-copper-cobalt-platinum group property located in Quebec.
The company said it has also sent a notice to the Nitassinan de Mashteuiatsh First Nation for their review.
Marvel plans for 2000 metre (m) inaugural drill program to test up to 10 to 20 target areas with hole depths ranging from 100m to 200m.
READ: Marvel Discovery kicks off exploration at its Gander East project in Newfoundland
Airborne and TDEM surveys have identified several high-priority target areas which will be the focus and tested by diamond drilling, the company said.
Marvel CEO Karim Rayani said the company was extremely satisfied with its compilation data at Duhamel and was excited to begin drilling on what it considers a very intriguing nickel target.
“Of considerable interest is that we know there is nickel mineralization in this system, as drilling by Virginia Gold Mines in 2000 intersected over 3m of mineralization with assays of 1.27% nickel, 0.33% copper and 0.12% cobalt,” he said.
He added that this historical drilling appeared to be proximal to the higher conductance TDEM targets.
“In other words, we don't think the best conductors have ever been drill tested, and while it is unknown if there is a direct correlation between high conductivity and increase nickel content in this location, it certainly does hold true for most magmatic nickel-copper sulphide deposits,” Rayani said.
Marvel is a Canadian-based emerging resource company exploring its extensive property positions in Newfoundland, Ontario, Quebec, and British Columbia.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie