Marvel Discovery Corp announced it has wrapped up an airborne fixed wing magnetic survey over the KLR and Walker uranium project in Saskatchewan’s Athabasca Basin.
Earlier this year, Marvel entered into an option agreement to acquire two large strategically located land packages within the Wollaston-Mudjactic Transition Zone, which hosts world-class uranium deposits.
The survey covered the former Walker Creek portion of the KLR property in 100 metre spacings for a total of 1,230 line-km over the 10,595 hectare-property.
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According to Marvel, the purpose of the survey was to delineate and map subsurface features, identified in previous programs and which are associated with faulting, conductive lineaments, and radioactive occurrences.
The company told shareholders it has commissioned an interpretation of the survey, which will be integrated with historical datasets, with the intention of defining diamond drill targets.
CEO Karim Rayani said the company is “moving fast,” adding that Marvel has done extensive work to prepare for the next phase of exploration to define drill targets.
“We have multiple unexplored uranium occurrences on the property intimately related to structure, and as we know structure plays an extremely important key role in providing uranium mineralization pathways and traps,” Rayani said.
“The corridor along the Key Lake Shear Zone represents a tremendous opportunity in mimicking the success of basement-hosted uranium deposits found on the western side of the Athabasca Basin like NexGen Energy's Arrow Deposit. We look forward to mobilizing crews shortly once datasets have been analyzed."
Based in Vancouver, Marvel is engaged in the acquisition, exploration, and development of diverse metal deposits throughout the country.
Contact Angela at angela@proactiveinvestors.com
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