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VANCOUVER, BC / ACCESS CABLE / Jul 26, 2022 / Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); (“Wonderful” or the “Company”) is pleased to report that a field team has been mobilized to the Duhamel Ni-Cu-Co and Ti-V-Cr property (the ‘Property’) located 350 kilometers (km) north of Quebec City, QC ( Figure 1). Following interpretation of the TDEM and airborne magnetic 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).

Figure 1. Regional location of the Duhamel Property


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Time-delay TDEM response anomalies have outlined 7 linear target trends (A to G) moving from northwest to southeast over several kilometers.

Figure 2. Delay-time TDEM response anomalies in the Duhamel Ni-Cu-Co property.

These time-delay TDEM responses match well with the edges of magnetic maxima, making them highly worthwhile targets for massive sulfides (Figure 3).

Figure 3. Anomalies in TDEM response of lag time on magnetism derived from tilt angle.


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Compilation of historical drill and mineralization samples reveals a remarkable coincidence of these 7 trends with recorded massive to semi-massive Ni-Cu-Co sulphides (Figure 4).

Figure 4. TDEM magnetic trends coincident with recorded Ni-Cu-Co mineralization and Fe-Ti (V, Cr) mineralization. The true widths of mineralization are not yet known.

Crews have been mobilized to the property to confirm historic drill holes containing highly anomalous Ni-Cu-Co intersections, confirm the nature and significance of Ni-Cu-Co samples, survey those areas of high merit with a Beep Mat and prospect the new interpreted TDEM trends for new Ni-Cu-Co mineralization. If historic drill holes can be located, low-frequency downhole surveys will be conducted to assist with future target selection efforts.

Comment

“Exploration teams are now mobilized on the Duhamel Ni-Cu-Co property, we are extremely pleased with the results of the heliborne survey in target generation. The Duhamel Property is a fertile host for massive Ni-Cu-Co sulphides and Ti-V-Cr iron mineralization demonstrated by historical exploration. We remain confident that our field teams will not only confirm historical demonstrations, but also find new Ni-Cu-Co occurrences along these trends. We are very interested in determining if the historic drill collars can be located and if low-frequency BHEM downhole studies are possible in these wells. It is common for earlier operators to overlook the higher conductivity represented by massive Ni-Cu containing sulphides and for these lenses of mineralization to be found just outside the hole. The results of the fieldwork will allow us to define and select our best targets for diamond drilling.” stated Karim Rayani, President and CEO, Director.

The Duhamel estate

The Duhamel project is located between the Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in the central part of the Proterozoic Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located on the northern margin of the Saguenay-Lac-Saint-Jean Anorthosite Suite (SAGLSJ), one of the largest anorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contain numerous massive occurrences of iron sulfide and oxide mineralization recognized and documented by the Quebec government (Sigeom, Figure 5).

Figure 5. Ni-Cu-Co and Fe-Ti-PV mineral occurrences in the Chute-des-Passes and Pipmuacan areas (modified from Hébert et Cadieux, 2002)

The Duhamel property currently contains seven (7) Ni-Cu-Co sulphide occurrences and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 and 2001 by previous operators who defined a 13 km long (Figure 4). Drill Intercept Highlights Include 1.27% Ni, 0.33% Cu and 0.12% Co in 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. Compilation of historical assessment reports to date reveals over thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences, confirming that this corridor is highly prospective for new Ni-Cu-Co. discoveries, as well as discoveries of Fe-Ti (Cr, V).

In addition to the compilation of evaluation reports presented above, Marvel retrieved from historical data a random sample (of massive iron-titanium oxides), the result of analyzing 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr2O3.

qualified person

Mike Kilbourne, P. Geo, an Independent Qualified Person as defined by National Instrument 43-101, reviewed and approved the technical content of this news release on behalf of the Company.

About Marvel Discovery Corp.

Listed on the TSX Venture Exchange for over 25 years, Marvel is a Canadian-based emerging resource company. The Company is systematically exploring its extensive ownership positions in:

Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte and Hope Brook – Australian prospects)Atikokan, Ontario (Black Fly – Au prospectus)Elliot Lake, Ontario (East Bull– Leaflet Ni-Cu-PGE)Quebec (Duhamel-Ni-Cu-Co prospect and titanium-vanadium-chromium prospect)Prince George, British Columbia (Wicheeda North – Rare Earth Element Leaflet)

The company website is: https://marveldiscovery.ca/

ON BEHALF OF THE BOARD

Marvel Discovery Corp.
“Karim Rayani”
Karim Rayani
President/CEO, Director
Telephone: 604 716 0551 email: [email protected]

Forward-Looking Information Disclaimer:

Certain statements in this release are forward-looking statements that reflect management’s expectations. Forward-looking statements consist of statements that are not purely historical, including statements about beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this Press release relate to, among other things, the termination of the proposed Arrangement. Actual future results may differ materially. There can be no guarantee that such statements will be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no guarantee that any of the conditions for closing will be met. Forward-looking statements reflect beliefs, opinions and projections as of the date the statements are made and are based on a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this press release with respect to these times. Except as required by law, the Company undertakes no obligation to update any forward-looking statements of beliefs, opinions, projections or other factors, should they change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FONT: Marvel Discovery Corp.

See source version at access cable.com:
https://www.accesswire.com/709787/Marvel-Mobilizes-Crews-to-Duhamel-Nickel-Copper-Cobalt-Property-Lac-St-Jean-QC

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