Marvel Makes Application in Preparation for Drilling on the Duhamel Ni-Cu-Co-pge Property, Lac St. Jean, Quebec

Marvel Makes Application in Preparation for Drilling on the Duhamel Ni-Cu-Co-pge Property, Lac St. Jean, Quebec

Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ("Marvel" or the "Company") is pleased to announce that an application has been made to the Provincial and Municipal governments for a Drill Program on the Duhamel Nickel-Copper-Cobalt-Platinum Group Property. In addition, notice has been sent to the Nitassinan de Mashteuiatsh First Nation for their review

Marvel Discovery Corp., Thursday, December 1, 2022, Press release picture

Figure 1. Regional location of the Duhamel Property

The company plans for an inaugural drill campaign of 2000m with plans to test up to 10-20 target areas with hole depths ranging from 100-200m. Airborne magnetic and TDEM surveys identified several high priority target areas which will be the focus and tested by diamond drilling.

Mr. Karim Rayani, Chief Executive Officer commented, "We are extremely satisfied with our compilation data at Duhamel and are excited to begin drilling on what we consider a very intriguing Nickel Target. Of considerable interest is that we know there is Nickel mineralization in this system, as drilling by Virginia Gold Mines in 2000 intersected over 3m of mineralization with assays of 1.27% Nickel, 0.33% Copper and 0.12% Cobalt. This historical drilling appears to be proximal to the higher conductance TDEM targets. In other words, we don't think the best conductors have ever been drill tested, and while it is unknown if there is a direct correlation between high conductivity and increase nickel content in this location, it certainly does hold true for most magmatic nickel-copper sulphide deposits."

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 largestanorthosite 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 2).

Marvel Discovery Corp., Thursday, December 1, 2022, Press release picture

Figure 2. Ni‐Cu‐Co-PGE and Fe‐Ti‐P‐V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hébert et Cadieux, 2002)

Qualified Person

Wayne Holmstead, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.

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:

  • Newfoundland (Slip, Gander North, Gander South, Victoria Lake, Baie Verte, and Hope Brook - Au Prospects)
  • Atikokan, Ontario (BlackFly - Au Prospect)
  • Elliot Lake, Ontario (East Bull - Ni-Cu-PGE Prospect)
  • Quebec (Duhamel - Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect)
  • Prince George, British Columbia (Wicheeda North - Rare Earth Elements Prospect)

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

ON BEHALF OF THE BOARD
Marvel Discovery Corp.
"Karim Rayani"

Karim Rayani
President/Chief Executive Officer, Director
Tel: 604 716 0551 email: k@r7.capital

Disclaimer for Forward-Looking Information:

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

Neither 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.

SOURCE: Marvel Discovery Corp.



View source version on accesswire.com:
https://www.accesswire.com/729714/Marvel-Makes-Application-in-Preparation-for-Drilling-on-the-Duhamel-Ni-Cu-Co-pge-Property-Lac-St-Jean-Quebec

News Provided by ACCESSWIRE via QuoteMedia

MARV:CA
The Conversation (0)
Marvel Discovery Acquires Strategic Ground In Elliot Lake, ON

Marvel Discovery Acquires Strategic Ground In Elliot Lake, ON

Marvel Discovery Corp. (TSX-V:MARV)(FRA:O4T)(OTCQB:MARVF) ("Marvel" or the "Company") is pleased to announce that it has acquired 100% of additional ground ("Pecors West") east of Elliot Lake to complement its East Bull Property. The additional land package of 805 hectares (ha) brings the land holdings in the area to a total of 6,157 ha. (Figure 1

The Pecors West property has the potential to host three unique styles of mineralization under the critical metals criteria:

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Marvel Resumes Exploration of Gold Anomaly at Victoria Lake

Marvel Resumes Exploration of Gold Anomaly at Victoria Lake

Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF) ("Marvel" or the "Company") is pleased to announce that the Company is planning a till sampling exploration program at its Victoria Lake Property for Q2 2024. The project is being planned as a follow-up to reconnaissance till and soil sampling completed in 2023 that identified anomalous gold. The Victoria Lake Property is situated over more than 15 kilometres of the Victoria Lake Shear Zone (VLSZ), part of an extensive fault corridor within Central Newfoundland that Honsberger et al. (2022)1 identified as emerging as one of the most prospective orogenic gold domains in Atlantic Canada. The project will further follow up on the second highest regional gold-in-till sample identified by the Newfoundland Geoscience Atlas, which reported 785 ppb Au from a sample collected within Marvel's Victoria Lake project

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Marvel Completes Drilling at Duhamel, Nickel-Copper-Cobalt Project, North of Quebec City

Marvel Completes Drilling at Duhamel, Nickel-Copper-Cobalt Project, North of Quebec City

Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ( "Marvel " or the "Company" ) is pleased to report that the Company has completed drilling operations on its Ni-Cu-Co and Ti-V-Cr Duhamel property (the " Property ") located 350 kilometers (km) north of Quebec City, QC (Figure 1

Karim Rayani, Chief Executive Officer , states , "We are thrilled with the results of our inaugural drill campaign at our Duhamel project. Every hole was successful in intersecting our interpreted target horizons -intersecting disseminated, semi-massive and/or massive sulfide zones. At this state we have decided to pause our drilling operations and now will focus our efforts on both field and desktop studies to help us gain a better understanding of both the genesis and structural setting of these exciting massive sulfide zones. While we wait for assays on all holes, we will be conducting low frequency Borehole and Surface Time Domain Electromagnetics to assist with future targeting areas. Our field geologist is most excited with these initial results and seeing mineralized textures suggestive of these sulfides being part of a much larger sulfide pool, and we eagerly anticipate the Geophysical results to help us vector towards the higher conductance and thicker sulfide zones."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Marvel Closes Final Tranche of Private Placement

Marvel Closes Final Tranche of Private Placement

Marvel Discovery Corp. (TSXV:MARV)(FSE:O4T)(OTCQB:MARVF) (the "Company") announces that it has closed the final tranche of its previously announced non-brokered private placement (the "Private Placement") by issuing 2,525,000 non flow-through units (the "NFT Units") at $0.04 per NFT Unit for gross proceeds of $101,000 (the "Final Tranche

Each NFT Unit consists of one non flow-through share (an "NFT Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire an additional NFT Share at an exercise price of $0.075 per NFT Share for a period of five years.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Marvel's CEO Issues Corporate Update Letter to Shareholders

Marvel's CEO Issues Corporate Update Letter to Shareholders

VANCOUVER, BC / ACCESSWIRE/ February 7, 2024 / Marvel Discovery Corp. (TSX-V:MARV)(Frankfurt:O4T)(MARVF:OTCQB); ( "Marvel " or the "Company" ) is pleased to report a corporate update letter in an address to shareholders from its Chief Executive Officer, Karim Rayani.

Dear Shareholders ,

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

Critical Minerals Market Expected to Reach $586 Billion by 2032 as Demand Grows for Supply of Essential Minerals

FN Media Group News Commentary - Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: "A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels." Active companies in the markets this week include: Saga Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

SAGA Metals Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating

--Well-Positioned for the Critical Minerals Supercycle--

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. ("Alphabridge"), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
JLL Signs Non-Binding LOI to List McDermitt on a US Exchange

JLL Signs Non-Binding LOI to List McDermitt on a US Exchange

Jindalee Lithium (JLL:AU) has announced JLL Signs Non-Binding LOI to List McDermitt on a US Exchange

Download the PDF here.

E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Expands Targets on The Tetepisca Flake Graphite Property; Samples 68.7% Cg at The Priority Graphi-Centre Target Area

E-Power Resources Inc. (CSE: EPR) ("E-Power" or the "Company") is pleased to report results from Phase 1 of the 2025 Exploration Program being completed on the Tetepisca Flake Graphite Property located in the North Shore region of Quebec. Highlights of results include:

  • Several high grade (> 10% Cg) samples including a high grade sample of 26.4% Cg from a target area on the northern part of the property which was discvered in 2024.
  • Several high grade (> 10% Cg) samples including a high grade sample of 68.7% Cg from Graphi-Centre, the Company's highest priority target on the Tetepisca Property.
  • Discovery of a new flake graphite showing which includes a high grade grab sample of 54.7% Cg located on a long conductive linear trend on the southwestern part of the property.

James Cross, President and CEO of E-Power commented: "Phase 1 of our 2025 Exploration Program further demonstrates the from-surface, high grade resource potential of several flake graphite targets on the property. Metallurgical testwork, detailed mineralogy, and continued geological evaluation will result in characterization of the potential deposits and prioritization for advanced evaluation and delineation. By characterizing the different resource delineation targets, we expect to be able to attract users of graphite, and companies who want to secure that link in the supply chain; those who need politically-reliable graphite sources. Those users and traders have the capital to turn it quickly into a resource, and ultimately, a secure source of easily accessible graphite."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Altech Batteries Ltd  Bearer Bond Funds Received

Altech Batteries Ltd Bearer Bond Funds Received

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to announce that it has received EUR1M in funds from the remaining Bearer Bond facility in place with major shareholder Deutsche Balaton. The original facility was for EUR2.5M and this has now been adjusted by mutual agreement to EUR2M. The full EUR2M has now been drawn down.

As announced to the ASX on 25 March 2025, the Company advised that it is in the process of selling its Malaysian land to help fund the ongoing development of the CERENERGY(R) battery project and the Silumina Anodes(TM) battery materials project, as well as to support general working capital requirements.

The Company also announced that it had entered into a binding Bond Note Subscription Deed with its major shareholder Deutsche Balaton AG, under which Altech could drawdown up to EUR2.5M in cash in the form of interest-bearing Bearer Bonds.

As the Bond Note Subscription Deed involved the Company granting a security interest over the Company's Malaysian land, shareholder approval was required. The Company convened a General Meeting on 13 May 2025 and shareholders approved all Resolutions put to the General Meeting. The Company then applied to have the Malaysian land security registered with the relevant land authority, being Johor Corp. Although there were no laws or regulations precluding Johor Corp from registering the land security, it considered Deutsche Balaton AG a 'non-lending foreign entity' and advised that accordingly it was not comfortable in registering the land security.

The Company's wholly owned subsidiary Altech Chemicals Sdn. Bhd. is the holder of the lease agreement over the Malaysian land. The only asset of value within Altech Chemicals Sdn. Bhd. is the lease agreement over the Malaysian land. In order to provide the security to Deutsche Balaton AG so as to drawdown the Bearer Bonds, the Company enforced security over the shares of Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG in lieu of the land security.

On 20 August 2025, the Company's wholly owned subsidiary Altech Chemicals Australia Pty Ltd (shareholder of Altech Chemicals Sdn. Bhd.) executed a Share Charge with Deutsche Balaton AG in connection with the Bond Note Subscription Deed. Pursuant to the Share Charge, Altech Chemicals Australia Pty Ltd has offered as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed, charged all its rights, title and interest to all of the shares held in Altech Chemicals Sdn. Bhd. in favour of Deutsche Balaton AG. The Security is a continuing security and will extend to the ultimate balance of the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

On 20 August 2025, the Company executed an Amendment Deed to the Bond Note Subscription Deed. Under the terms of the Amendment Deed, the agreed amount of bonds available to be drawdown was reduced from EUR2.5M to EUR2.0M. Additionally, the Company's Meckering land was offered as additional security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.

Altech Meckering Pty Ltd, the Company's wholly owned subsidiary and holder of the Meckering land, has entered into a mortgage over the Meckering Land in favour of Deutsche Balaton AG as a continuing Security for the due and punctual payment of all the requirements of the Bond Note Subscription Deed.



About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×