July 27, 2021. Vancouver, B.C. – Marvel Discovery Corp. (TSX-V: MARV), (Frankfurt: O4T1), (MARVF: OTCQB); (“Marvel” or the “Company”) is pleased to report it has completed a heliborne magnetic and TDEM survey over the Duhamel Ni-Cu-Co and Ti-V-Cr property (the ‘Property’) located 350 kilometres (km) north of Quebec City, QC (Figure 1). The combined heliborne survey was completed in May 2021 by Prospectair Geosurveys of Gatineau, QC over the entire 2,300 hectare land position consisting of 342 line km at 100 metre (m) spacings.

Figure 1. Regional location of the Duhamel Property.

The Duhamel Property

The Duhamel project is located between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in central part of Proterozoic Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of the largest anorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government (Sigeom, Figure 3).

Figure 2. Geology of the Northern part of the Saguenay‐Lac‐Saint‐Jean Anorthosite Suite and location of interest area (modified from Hébert et als, 2009).
Figure 3. Ni‐Cu‐Co and Fe‐Ti‐P‐V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hébert et Cadieux, 2002).

The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor (Figure 4). Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. Compilation of historic assessment reports to date reveals more than thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences which confirms this corridor to be highly prospective for new Ni-Cu-Co discoveries, as well as Fe-Ti (Cr, V) discoveries.

Further to the compilation of previously filed assessment reports Marvel recovered from historical data a grab sample (from massive Iron-Titanium Oxides), the result assaying 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr203.

Figure 4. Regional geology, structure, and mineral occurrences of the Duhamel property, included significant mineralized intervals of 2000 and 2001 diamond drilling programs (Ref. SIGEOM-MERNQ).

Next Steps

Following receiving the final magnetic and TDEM products, Marvel will initiate a full interpretation of the data integrating geology, structure, and mineralization. Targets of high merit will be ground-truthed through prospecting, mapping, and sampling. The result of these endeavors will vector diamond drilling to those targets of high potential to host significant mineralization.

Chairman Resignation 

Effective immediately Gary Musil has tendered his resignation as company Chairman and is stepping down from the board of directors. The resignation is due to personal reasons.  The board of Directors thanks Mr. Musil for his dedication, leadership, and service to the company. 

Mr. Karim Rayani, President and Chief Executive Officer commented, “We are eagerly waiting for the results of the heliborne survey. The Duhamel Property is a fertile host for Ni-Cu-Co massive sulphides and iron Ti-V-Cr mineralization. Upon completing interpretation, we will follow-up with boots on the ground and select our best targets for diamond drilling. Secondly, I would also like to personally thank Gary Musil for 20 plus years of valuable service, and contributions. We wish him well in his future endeavors.” 

Qualified Person

The technical content of this news release has been reviewed and approved by Jean-Paul Barrette, P.Geo., who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects and accumulated numerous years experience in exploration and drilling campaigns on nickel-copper mineralizations hosted in mafic and ultramafic rock bodies within Grenville Province in Québec.

About Marvel Discovery Corp.

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

The Company’s website is: https://marveldiscovery.ca/  

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