Marvel Discovery Corp announced that it has expanded its land holding in the Saguenay-Lac-Saint-Jean Anorthosite Suite from 42 claims to 102 claims, for a total of 5,300 hectares, following the “high-quality” response of heliborne magnetic and Time Domain Electromagnetic (TDEM) signature survey results over the Duhamel nickel-copper-cobalt (Ni-Cu-Co) and titanium, vanadium, and chromium (Ti-V-Cr) property in Quebec.
The company said the Duhamel property currently contains seven occurrences of Ni-Cu-Co sulphides and one iron-titanium-vanadium (Fe-Ti-V) iron oxide occurrence discovered between 1997 to 2001 by previous operators, who defined a 13 kilometre-long mineralized rock corridor.
“The Duhamel property is a fertile host for Ni-Cu-Co massive sulphides and iron Ti-V-Cr mineralization demonstrated by historical exploration,” Marvel Discovery CEO Karim Rayani said in a statement.
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“The results of the heliborne survey largely supports this by outlining targets of merit yet to be explored. Upon completing interpretation, we will follow-up with boots on the ground and select our best targets for diamond drilling,” Rayani added.
Marvel noted that it will initiate a full interpretation of the data integrating geology, structure, and mineralization.
It added that targets of high merit will be ground-truthed through prospecting, mapping, and sampling, and the results will be used to direct diamond drilling to those targets of high potential to host significant mineralization.
Marvel Discovery has some 10 projects currently and is looking for gold, nickel, copper, cobalt and vanadium in Ontario, Quebec, and Newfoundland, while also being on the hunt for rare earth elements (REE) and uranium in British Columbia.
Contact Sean at sean@proactiveinvestors.com