Marvel Discovery Corp told investors that a camp is now set up for its first diamond drilling program at the DD and Highway Zone within the KLR-Walker uranium project in the Athabasca Basin.
The company is planning a 10-hole drill program totalling 1,000 metres.
Equipment, including a drill is now on site, Marvel said in a release.
READ: Marvel Discovery moves closer to inaugural diamond drill program on two promising zones on the KLR-Walker uranium project in Athabasca Basin
Marvel is hoping to follow up on successful historical drilling, which intersected uranium (U) values of 0.125% in the 1970s.
Further drilling in 2015 discovered the Highway Zone, intersecting 1.96% U over 29 centimetres (cm).
Other highlights include 1.57% U over 4cm, 0.279% U over 44cm, 0.20% U over 60cm, 0.175% U over 41cm, and 0.124% U over 24cm.
The Highway Zone Discovery appears structurally related and an extension of the DD Zone, according to Marvel, with a “distinct correlation with high U values and strong magnetic gradients,” according to a statement.
KLR-Walker is located within the Wollaston-Mudjactic Transition Zone of the eastern Athabasca Basin, which hosts the highest-grade uranium mines in the world.
Vancouver-based Marvel has been listed on the TSX Venture Exchange for over 25 years as an emerging resource company.
Contact Angela at angela@proactiveinvestors.com
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