Marvel Discovery Corp. (TSXV: MARV | Frankfurt: O4T | OTCQB: MARVF) has announced its inaugural diamond drill programme results at its wholly owned KLR (Key Lake Road) Uranium Project in northern Saskatchewan, Canada.
“We are extremely pleased with the results of this programme, which are comparable, if not better, to results of the shorthole programmes conducted over Nexgen’s Arrow Deposit, where ore grades were generally encountered at depths exceeding 450m,” commented Marvel CEO Karim Rayani.
“At KLR, these early results suggest that we may be at the top of a larger system in the most fertile uranium corridor in the world.”
The programme is following up on two targets zones: the DD Zone and the Highway Zone. Both target zones lie between the Wollaston and Mudjatic domains, the primary exploration corridor of the eastern Athabasca Basin, which hosts the Key Lake Mine, Cigar Lake Mine, and the McArthur River Mine.
The highest result was at the DD Zone in hole KLR23-06, which graded at 841ppm U3O8 over 1.07m.
DD Zone highlights included:
KLR23-05 | 2.32m @201ppm U3O8 from 151.34m
KLR23-06 | 1.07m @841ppm U3O8 from 114m
KLR23-06| 2.93m @230ppm U308 from 512m
Highway Zone highlights included:
KLR23-02 | 1.89m @553ppm U3O8 from 66.84m
Radiometric downhole readings were also taken, and numerous anomalous CPS readings were identified throughout each hole. These readings are generally associated with increased chlorite alteration and fracturing.
The programme was successful in verifying historical results and confirmed radioactivity continues at depth. Preliminary evaluation suggests that the radioactive mineralization encountered is in the form of vertical shoots, which increase in intensity with depth. Insitu gamma readings also suggest the potential of an enriched system at depth.
Marvel will continue to analyze the data collected with the intention of designing a tailored Phase 2 drilling programme to further investigate.
For further information please visit: www.marveldiscovery.ca/
