Marvel entered into a Purchase Agreement to acquire a 100% interest in the Duhamel Property 200 km northwest of the city of Saguenay, Quebec in the Saquenay-Lac-Sain-Jean region. The Duhamel Property consists of nine (9) mineral claims comprising 500 ha located 14 km west of Arianne Phosphate Inc. – Lac a Paul open-pit phosphate mine.
Geology/ Deposit type: Sulphide mineralization associated to mafic magmatic intrusion.
Historical Exploration: Previous exploration on the property carried by Virginia Gold Mines consisted of high definition airborne mag/EM survey, geological mapping, prospecting and drilling. Some preliminary results retrieved from the Quebec Mineral Assessment files indicated drill intersections as follows:
DDH 1279-00-05: 1.27% Ni, 0.24% Cu and 0.12% Co over 3 meters at 17.9 meters depth; 1.27% Ni, 0.33% Cu, and 900 ppm Co over 0.9 meter at 91.2 meters depth.
DDH 1279-00-06: 0.86% Ni, 0.13% Cu and 800 ppm Co over 1.5 meters at 30.7 meters depth.
DDH 1279-01-31: 1237 ppm Ni, 930 ppm Cu and 240 ppm Co over 0.5 meters
DDH 1279-01-34: 0.27% Ni, 0.82% Cu and 0.19% Co over 0.3 meters. All previous work is of a historical nature. The work was conducted prior to implementation of NI 43-101 standards and assay results cannot necessarily be relied upon. Marvel intends to confirm the reported mineralization with the Company’s own sampling program.
MARVEL COMPLETES HELIBORNE SURVEY ON DUHAMEL NICKEL-COPPER-COBALT PROPERTY July 27, 2021
Marvel 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 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).
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.