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Stocks likely to move up as inflation eases KARACHI: Stocks reached the historical milestone of 100,000 points during the outgoing week, and the market is expected to keep the upward momentum amid expectations for a further decline in inflation. “We anticipate the market will sustain its positive momentum in the coming week, driven by expectations of a further decline in inflation. We project November inflation to decline to 4.7 per cent YoY,” said brokerage Arif Habib Ltd. “Furthermore, certain scrips are trading at attractive valuations, which are likely to continue enticing investor interest.” The week commenced on a negative trajectory as heightened political unrest led the market to decline by around 3,500 points. However, with the easing of political uncertainty, the market swiftly recovered the following day and ultimately surpassed the 100,000 points level. Key drivers of this recovery included expectations of further easing in inflation and a strong rally in commercial banks following the removal of minimum deposit rate (MDR). The market concluded the week at 101,357 points, marking a gain of 3,559 points (3.64 per cent week-on-week). Average volumes arrived at 979 million shares (down 1.2 per cent WoW), while the average value traded settled at $133 million (up 7.1 per cent WoW). Foreigner selling continued during this week, clocking in at $15.1 million compared to a net sell of $33 million last week. Major selling was witnessed in banks ($4.7 million) followed by fertiliser ($4.2 million). On the local front, buying was reported by insurance ($10.6 million) followed by individuals ($7.3 million). Sector-wise positive contributions came from commercial banks (1,676 points), technology & communication (349 points), oil & gas exploration companies (284 points), oil & gas marketing companies (260 points) and cement (234 points). Scrip-wise positive contributors were HBL (694 points), BAHL (538 points), PPL (274 points), SYS (255 points), and BAFL (205 points). The sectors that mainly contributed negatively were miscellaneous (52 points), automobile assembler (11 points), and automobile parts and accessories (5 points). Scrip-wise negative contributions came from MEBL (439 points), EFERT (78 points), FABL (57 points), PSEL (56 points), and SAZEW (34 points). Analyst Abdul Basit at JS Research said bullish momentum continued to prevail, with the KSE-100 reaching its historical milestone of 100k levels during the week. He said the week began with an uncertain political environment amid protests, which led to significant selling in the market. However, the decline was limited, followed by a strong recovery after the protest was called off. Developments in the banking sector regarding changes in the minimum deposit rate kept activity, in the sector, high throughout the week. In the recent T-bill auction, the government raised Rs616 billion against a target of Rs800 billion, with yields decreasing by 61-85bps across different tenors. Similarly, the six-month Kibor dropped by 96bps WoW to 12.67 per cent, reaching its lowest level in over 2.5 years. Moreover, auto financing continued to recover for the second consecutive month (3.7 per cent MoM), reaching Rs236 billion in Oct-2024. As per the latest data, SBP reserves increased by $131 million WoW to $11.4 billion. Additionally, Pakistan received $500 million from the ADB under its climate financing programme, which will be reflected in the upcoming week. The PKR marginally depreciated by 0.10 per cent WoW, concluding the week at 278.04 against the greenback. Nabeel Haroon, an analyst at Topline Securities, said the KSE-100 index increased by 3.64 per cent on a WoW basis; this gain was largely led by the heavyweight banking sector on development on the MDR front, where the sector rallied after the SBP removed the MDR requirement for all conventional banks on deposits from financial institutions, public sector enterprises and public limited companies.KANSAS CITY, Mo. — It took until the fourth quarter, when Kansas City was desperately trying to fend off the lowly Las Vegas Raiders, for Chiefs coach Andy Reid to finally make a drastic change to his offensive line. The Chiefs had tried Kingsley Suamataia at left tackle to start the season. When the rookie was getting beaten routinely for pressure and sacks, they switched to second-year pro Wanya Morris, who fared no better at protecting Patrick Mahomes . In the waning minutes of a 19-17 victory Friday — one that wasn't secure until Las Vegas fumbled away a chance at a winning field goal with 15 seconds left — the Chiefs slid All-Pro left guard Joe Thuney out to tackle. Mike Caliendo entered at guard. And while they didn't have much chance to work together, the move underscored what's been a season-long problem. People are also reading... “That was the right thing to do at the time,” Reid said afterward. “It just solidified things.” What is the solution moving forward? Well, the Chiefs signed former Pro Bowl left tackle D.J. Humphries last week, but he's been with the team for only a few days, and he's also coming off an ACL tear that sidelined him for the entire offseason. In a perfect world, Humphries would slide into the lineup in time for the Chiefs' game against the Chargers next Sunday. In a more realistic world, the Chiefs may need to make it through another week or two before he's ready to contribute, and that would mean putting Morris back into the lineup or keeping Thuney protecting Mahomes' blind side. “I would tell you it's disruptive to any offense when the quarterback is hit," Reid acknowledged, “and not able to get the ball off." Mahomes had gone 113 straight starts without being sacked five-plus times in a game; Carolina and Las Vegas have done it in consecutive weeks. And along with the sacks have been penalties on Morris and right tackle Jawaan Taylor, which have made it hard for a Kansas City offense that has had to adapt to injuries all season to consistently put together drives. “We have to make sure we clean those things up,” Reid said. “It's hard to go backwards in this league and win games.” Yet the Chiefs keep doing it. They have won an NFL-record 14 straight one-possession games, including five decided on the final play, this season. That has allowed them to piece together an 11-1 record and already clinch a postseason bye. “You're not satisfied with where we're at, even though we're winning football games,” Mahomes said. “Our goal over these last few games is to prove the team we really are going into the playoffs and play that way in the playoffs.” What’s working The passing game has started to produce — when Mahomes has time to throw — now that DeAndre Hopkins has become more ingrained in the offense. He had four catches for 90 yards against the Raiders, and his mere presence has opened things up for others, including Travis Kelce, who had seven catches for 68 yards. What needs help The Chiefs basically abandoned an unproductive running game against Las Vegas. Isiah Pacheco ran seven times for 44 yards in his return from an ankle injury, but 34 yards came on one carry. Kareem Hunt had 15 yards on his seven attempts. Stock up Two-time All-Pro defensive tackle Chris Jones had been held without a sack for seven consecutive games, but he managed to bring down Raiders quarterback Aidan O'Connell twice. That was important given how much trouble the Chiefs have had getting to the quarterback when they aren't blitzing this season. Stock down The entire Kansas City secondary has struggled for weeks, ever since cornerback Jaylen Watson was lost to a season-ending ankle injury. Nazeeh Johnson, Chamarri Conner and Bryan Cook in particular have been inconsistent in their coverage. Injuries The Chiefs made it through the Raiders game without any injuries. Key number 10 — The Chiefs have qualified for the playoffs for 10 consecutive seasons. That is the second-longest streak in NFL history behind the Patriots, who made it 11 straight years from 2009-19. Next steps The game against the Raiders on Black Friday means the Chiefs have a couple of extra days to prepare for the Chargers. The Chiefs have beaten them six straight times, including a 17-10 win on Sept. 29 in Los Angeles. Be the first to know Get local news delivered to your inbox!
Select public screenings of All We Imagine As Light , the second feature from rising Indian filmmaker Payal Kapadia , began in early May, a few weeks ahead of the film’s splashy competition debut at the Cannes Film Festival . I first saw the film during this run in London at the notoriously dingy Soho screening rooms and as the credits rolled in the room, there was a feeling of subdued excitement in the air. Attendees — some of the industry’s most hardened and cynical critics — could be seen cracking smiles at each other and nodding approvingly. It was clear that everyone in the room had realized they’d seen something rather special, but no one dared to make pronouncements about its potential. I suspect in part due to the volatility of a Cannes debut. Films by much bigger names, traditionally sure-fire locks with the chin-scratching Riviera crowd, have opened on the Croisette and disappeared faster than you can say Palme d’Or. There was also the structural question. Can a film of this scale and radical ambition, produced in India in the Malayalam language, and directed by a woman, cut through? The answer was a resounding and refreshing yes. Following a historic competition win in Cannes , All We Imagine has enjoyed acclaimed bows at NYFF, London, Tokyo, Chicago, Denver, San Sebastian, Mill Valley and Sydney, to name but a few. “It’s all so exciting,” Kapadia tells me from the bright offices of Janus Films just off Park Avenue in Midtown Manhattan. The company picked up All We Imagine out of Cannes and began a limited release stateside on November 14. The flick has been a consistent sellout since then, clocking Janus it’s best-ever opening at the box office. “When you make a film, the nicest thing is that it gets shown and you just hope people go to watch it,” Kapadia continues. All We Imagine As Light now enters the awards season as one of the year’s strongest and most popular titles. Before campaigning officially starts, however, Kapadia must return to her native India where she will launch a nationwide release. She tells me she’s “a bit nervous” about returning home with the film. “It’s not easy to release a film like this in India. In Kerala, I think it might be an easier sell because it’s a film in the Malayalam language, so they won’t need to read subtitles,” Kapadia says. “There is also a connection with the actors there because audiences recognize them. They’ve become household names.” Kapadia describes the Indian cinematic landscape as a large and diverse “self-contained system.” Local audiences aren’t so fussed with awards and acclaim out of Cannes. The National Film Awards of India can pull a crowd and local audiences may take a second glance at an Oscar. But the most useful commodity, Kapadia says, is local notoriety. “The local films that may come out in Kerala in Tamil are the films people actually anticipate,” Kapadia says. “It’s still all about your local cinema and what film is coming out there. The local actors you love and turn up for and the local directors who inspire you. It’s a very self-contained system.” Shot over 25 late summer days in Mumbai, followed by an extra 15 in the rainy western port town of Ratnagiri, All We Imagine As Light tells the story of two young women — Prabha, a nurse from Mumbai, and Anu, her roommate. A rare French-Indo co-production, the film is a collaboration between the Paris-based producers Thomas Hakim and Julien Graff, of Petit Chaos, and Zico Maitra of Chalk & Cheese Films out of Mumbai. All We Imagine as Light is the first feature from Maitra’s Chalk and Cheese after nine years of primarily producing commercials for television and digital media. Hakim and Graff are a buzzy-producing duo widely recognized across the European festival circuit for an impressive range of short and feature projects. “It was like an extended family across two continents, and we really grew close,” Kapadia says of her collaboration with Hakim, Graff, and Maitra. Below, Kapadia shares some further insights about the production behind All We Imagine As Light , how she has navigated the film’s rapid success, and what she made of the film being snubbed as India’s submission for the Best International Oscar race by India’s Film Federation. Kapadia also shares some details about her next feature project. DEADLINE: Payal, how are you? PAYAL KAPADIA: I’m good. I’m super excited. The film was released this week in America and we open on November 22 in India. I wasn’t so sure we’d get Indian distribution because it’s not easy to release a film like this in India. A lot of films, even the big ones, don’t always do well in the theaters. So I was a bit nervous that I wouldn’t get a distributor. But because of this whole Cannes thing, there were a lot of distributors who were interested, and even exhibitors who were willing to book the film. DEADLINE: The film has been traveling all over the world. Where have you had the best screening so far? KAPADIA: I think the film had a pretty great screening in the UK. I wasn’t there for that one, but Kani, my actress, was there and she said the audience was really taken with the film. We also had a really good screening here at the New York Film Festival, which was amazing. The wildest screening was in Mumbai. We opened the Mumbai Film Festival. It was in this old cinema, which is a famous Mumbai artifact. It’s called Regal Cinema. It’s an old-school single-screen cinema with a balcony and dress circle. The sound is awful. They have all the fans on because it’s so hot. But it was still so nice because the film was finally screened in Mumbai, where it was shot. DEADLINE: You’re returning to India to release the film. The funny thing about having international success is that you often become the face of your home country on a global scale even if you might have a complicated relationship with where you come from. It’s a sort of weird nationalism people bestowed on you. How have you felt about that? KAPADIA: We have a very large ecosystem of films. So the local films that may come out in Kerala in Tamil are the films people actually anticipate. It’s still all about your local cinema and what film is coming out there. The local actors you love and turn up for and the local directors who inspire you. It’s a very self-contained system. So I wouldn’t call myself the face of Indian cinema in that sense. People are still discovering that there’s this festival in France that happens every year and it’s somewhat a big deal. The national awards in India hold a lot of importance. People may know the Oscars a little more than Cannes. But still, it’s more about your local cinema and which film is coming out there and the actors and directors you enjoy. India is a very self-contained system. DEADLINE: It’s also interesting how the film industry has embraced this film. All We Imagine is a very political and radical film. So is your first feature A Night Of Knowing Nothing . But All We Imagine is now mostly only discussed in terms of its aesthetics. Critics talk about its beauty. Or they identify the film’s politics only in relation to India but fail to make the connection with their own lives. Have you noticed that? What do you think about it? KAPADIA: I’m always concerned about this when I’m writing a film, and it’s related to myself as a filmmaker with a certain amount of privilege. I can go on about formalistic ideas in cinema, but at the end of the day, there needs to be a balance between these bourgeois ideas and the film’s themes. I’m negotiating this all the time as a filmmaker. Now, the angle you are discussing is the viewing of the film. And in that sense, I feel there is a bit of an advantage, because sometimes if the film’s form is attractive or can mesmerize an audience, but you can also sneak in pertinent political themes, that’s interesting to me. But it’s a fine line and I’m always trying to balance that in my head. DEADLINE: This film is very invested in cinematic language. The narrative is advanced by what we see and hear, not necessarily dialogue. With that in mind, how do you write screenplays? What do your scripts look like? KAPADIA: When I first started writing the screenplay I wrote very detailed descriptions of the colors and the sound in the film because they do a lot for the film’s narrative. There are certain things you can’t describe with words that, to me, rely on sound. So that becomes very tricky to write into a script. It took me a while to understand how to become a more efficient writer, which was important. At the end of the day, the people who are going to commission your film are reading thousands of scripts. They’re not going to want to read this descriptive essay on what the sounds of Mumbai feel like. So it took me some time to distill that. My producers had a big role to play in distilling some of those ideas and giving me a push. And, to be honest, the commissioning system is pretty good because you can get a script greenlit, but after that you have a lot of flexibility in the production. So I took a lot of liberties at that stage. DEADLINE: When did you first know you wanted to be a director? KAPADIA: I actually had very little respect for what it was to be a director. There’s this whole attitude in India where the directors are just brooding men walking around. So I wanted to be an editor. I felt that was something concrete, and I understood what everyday life would be like as an editor. I was fascinated by editing as a craft. My mother is an artist and she made video work quite often. And the editing she did was the first piece of the filmmaking process I saw being done. After that, I started looking at films, like big Hollywood films, and saying, ‘Ah, I see what was done here.’ At that point, it felt like a new world had opened up to me that no one else could see. Obviously, that was not the case, but I felt like I could really see things. So I wanted to be an editor. I applied to the film school right after college and didn’t get in. I was really disappointed and didn’t know what to do with my life. At the time, it was easier to get jobs as an assistant director, so I started working and that’s when I started discovering what directors did and how they created their visions. So I applied to film school again for directing and was accepted. DEADLINE: Your first film A Night Of Knowing Nothing won the Best Documentary prize at Cannes in 2021 and I remember it screening at a bunch of festivals too. Why do you think you’ve blown up now with this film? DEADLINE: You’re going to hate this question but I have to ask about the Indian Oscar committee. Of course, they didn’t choose your film. But more interesting to me was their reasoning. They said All We Imagine As Light wasn’t Indian enough. What do you think they meant by that? DEADLINE: Yeah, it’s bizarre. I interpreted their comments to mean that because the film has an avant-garde structure its maybe more European, which is bizarre because that avant-garde structure has stronger origins in Asia than anywhere else. KAPADIA: Exactly, it’s very Asian. Anyway, the whole committee with 13 men is also quite bizarre. DEADLINE: When will you be done promoting the film and be able to go home? KAPADIA: By the end of December. The main releases will be over with the UK, U.S., Spain and India. At that point, I hope to chill and start working on another film. DEADLINE: Do you know what the film will be? KAPADIA: It’ll be a film set in Mumbai. But with the distribution of this film in India especially, I’ve increasingly been thinking about questions surrounding form like the one you brought up earlier. I want to understand where I as a filmmaker fit in the cinematic landscape of this country where it’s not always easy to distribute films like All We Imagine As Light . This is something I’ve been thinking about a lot recently. I’ll have to find that balance between formalistic choices and accessibility from an Indian context. DEADLINE: Are you saying in an eloquent way that you’re thinking of changing your approach to filmmaking to make your films more accessible to wider audiences? KAPADIA: I feel a balance can be found. One can stick to one’s cinematic intentions and still perhaps make certain choices that make the structure more recognizable for audiences. You can play around a lot with your politics and your cinematic intentions. I feel like that is a more interesting challenge for filmmakers. So let’s see. American filmmakers do this a lot because it’s always been a struggle to create certain types of films here. It’s all about navigating the structures of the system while keeping your love for cinema and the kind of cinema you love intact.Royals Don't miss out on the headlines from Royals. Followed categories will be added to My News. Meghan Markle has rubbed one of her Montecito, California neighbours the wrong way. Richard Mineards, who lives close to the Duke and Duchess of Sussex, told The Daily Mail on Friday that he doesn’t “personally ... think that Meghan is an asset to our community”. “She doesn’t really go out or get involved with the community,” Mr Mineards continued, as reported by Page Six . However, Mr Mineards said he has slightly different feelings about Meghan’s husband, Prince Harry, whom he describes as “quite jolly”. “Meghan doesn’t seem to get seen anywhere,” he said, before pointing out about Prince Harry, “and you don’t see him either.” Meghan Markle has rubbed one of her Montecito, California neighbours the wrong way. Picture: Etienne Laurent/AFP The Duke and Duchess of Sussex moved to Montecito in 2020. Picture: Raul Arboleda/AFP Page Six has reached out to the Sussexes’ representatives for comment but did not immediately hear back. This is not the first time the royal couple has upset one of their Californian neighbours. In July 2023, Frank McGinity, an 88-year-old US Navy veteran, claimed he was snubbed when he tried to give Meghan and Prince Harry some films he made about the history of the area when they first moved in. “I have a big house next to Harry and Meghan’s property and I live in the guesthouse while renting the main house out on Airbnb,” he reportedly explained in his memoir, Get Off Your Street . “Harry and Meghan live on old McCormick property and I went up to their gate with the films on a CD, but they weren’t interested.” The neighbour noted that the community ‘don’t see (Prince Harry) either’. Picture: Emmanuel Osodi/Anadolu via Getty Images Mr McGinity claimed he was turned away by a man at the gate, who “wouldn’t take the film, just saying, ‘They’re not interested’. I was trying to be neighbourly.” The author, like Mr Mineards, noted at the time, “We don’t see them very much around here.” “It’s surprising they came here. People are typically older. It’s where the elephants come to die,” he said. Meghan, 43, and Prince Harry, 40, moved to California after they quit their duties as senior members of the British royal family in January 2020. They bought a $US14 million ($21.9m) mansion in Montecito that boasts nine bedrooms and 16 bathrooms across an 18,000-square-foot property. The couple bought the sprawling property for $21.9m. Picture: Supplied The outdoor area also features a pool, tennis court, tea house, rose garden, olive trees, two-bed guesthouse and children’s cottage. Meghan appears to prefer socialising with the Hollywood social scene than with her local neighbours – she befriended Ellen DeGeneres and Portia de Rossi, who only recently left Montecito for the United Kingdom reportedly because Donald Trump won the 2024 presidential election. The Duchess has also been spending time with Katy Perry, Orlando Bloom and Oprah Winfrey, according to gossip blogger Perez Hilton. It’s been rumoured that Prince Harry misses living in the UK, but he has said that he still thinks it is too dangerous for Meghan and their two children – Prince Archie, 5, and Princess Lilibet, 3 – to reside there given the lack of police security. The Spare author also said this week he believes his late mum, Princess Diana, would have wanted him to raise his kids in the US “to be able to do the things” he “undoubtedly wouldn’t be able to do in the UK”. This article originally appeared on Page Six and was reproduced with permission More Coverage Stunning pic after brutal royal scandals Daniela Elser Kate dazzles at star-studded Christmas event Bronte Coy Originally published as ‘Not an asset to our community’: Meghan Markle blasted by Montecito neighbour Read related topics: Meghan Markle Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Royals Stunning pic after brutal royal scandals Stunning new royal photos have been released after a shocking series of sex and money scandals embroiled one of Europe’s oldest monarchies. Read more Royals Kate dazzles at star-studded Christmas event The Princess of Wales beamed as she took part in her highly-anticipated fourth annual carol service at Westminster Abbey. Read moreEVgo Surges With $1 Billion Boost As ChargePoint Stumbles In Tough MarketTikTok's future uncertain after appeals court rejects its bid to overturn possible US ban
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I'M A CELEB viewers were left horrified when they tuned in tonight to see Rev Richard and Tulisa forced to eat the body parts of mice and spiders. Both stars were selected for the dreaded food challenge, which sees contestants forced to eat unusual cuisine without throwing up. Viewers expect the Bushtucker Trials to be disgusting, but this year fans of the show found themselves unable to watch as Rev Richard choked back mice feet. Then things got even worse as Tulisa had to chow down on a selection of spiders. Fans flocked to social media to complain that production was "taking the p*ss", as they agreed that the game had gone too far. One disgusted audience member at home hit out: "Physically couldn’t watch Richard eat the mice tails/legs I started gagging. read more in I'm A Celeb "AND TULISA AND THE SPIDERS EW?!" Another chimed in: "F**king mice tails, production are taking the piss this year." A shocked viewer added: "This is by far the most disgusting eating trial ever Jesus Christ the tails nahhhh." A second agreed: "This has to be one of the worst eating trials in years." Most read in I’m A Celebrity 2024 Someone else screamed: "THE SPIDERS NO WHAT THE F**K THATS SICK THESE EATING TRIALS ARE ON ANOTHER LEVEL TF." Despite facing such a daunting task, Tulisa and Rev Richard both powered through and managed to win 11 stars for their team mates back at camp.Is there a quiet isolation pandemic now?
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VANCOUVER, BC / ACCESSWIRE / December 6, 2024 / Marvel Discovery Corp. (TSXV:MARV)(FSE:O4T)(OTCQB:MARVF) ("Marvel" or the "Company") is pleased to announce its return to both its Blackfly Gold Project in Ontario and its Duhamel Nickel-Copper-Cobalt Project in Quebec. As part of this realignment, Marvel will not proceed with its Athabasca Basin uranium property options but will retain its high-potential uranium assets, including Elliott Lake, Pecors West, and East Bull in Ontario. This will better enable the Company to shift resources to our more advanced stage projects where better infrastructure and lower operating costs are established to advance them. Strategic Focus on Blackfly Gold and Duhamel Projects The Blackfly Gold Project, located in the prolific gold mining region near Atikokan, Ontario, has demonstrated strong potential with significant historical gold mineralization. Meanwhile, the Duhamel Nickel-Copper-Cobalt Project in Quebec represents a promising critical mineral opportunity amid growing global demand for battery metals. "The junior resource sector has experienced significant challenges over the past few years, and our focus is to streamline operations and target projects with the highest potential for success," said Karim Rayani, CEO of Marvel Discovery Corp. "Blackfly Gold and Duhamel offer exactly that - advanced-stage opportunities in regions where permitting is accessible and operational costs can be minimized, allowing us to deliver meaningful results efficiently." Blackfly Gold Project Highlights: Located in a historically significant gold region near Atikokan, Ontario, adjacent to the Hammond Reef Gold Deposit held by Agnico Eagle. High-grade gold assays from prior work, with visible gold in drill core (Figure 1) . Proximity to infrastructure and established mining operations, historical exploration, and recent fieldwork. Figure 1. Specks of visible gold in hole BF21-19 drilled at the Black Fly Northeast Zone. NQ core of a diameter of 47.6mm. Duhamel Nickel-Copper-Cobalt Project Highlights: Situated in Quebec, a mining-friendly jurisdiction with robust infrastructure. Potential for critical minerals, including nickel, copper, and cobalt, crucial for the transition to a green economy. Historical and recently completed exploration by Marvel pointing to potential significant mineralization. Refocusing to Drive Shareholder Value By discontinuing the Athabasca Basin uranium projects, Marvel is redirecting its resources to high-impact exploration at Blackfly and Duhamel. This decision positions the Company to better navigate the challenging market environment and capitalize on emerging opportunities in gold and critical metals while reducing operating costs and reducing shareholder dilution. Karim Rayani added: "This strategic pivot reflects Marvel's long-term vision of creating shareholder value through targeted exploration and disciplined project management. By focusing on projects with manageable costs and favorable permitting conditions, we are well-positioned to advance our portfolio and deliver results." Blackfly Atikokan Ontario, The Property is located in the developing Atikokan gold mining camp along and within the Marmion Fault Zone, approximately 13.6 kilometers ("km") southwest of Agnico Eagle's Hammond Reef Gold Deposit. The Blackfly Main Zone area and the Blackfly Northeast Zone occur in areas of magnetic lows along a property-wide, strong, linear northeast trending magnetic high that corresponds with a magnetic mafic dike. Gold is associated with strong silica-sericite-ankerite-pyrite ± chlorite alteration hosted within aquartz-veined granodiorite that has undergone shearing and deformation. Accessory sulphide phases include galena, chalcopyrite and bornite. Surface sampling, mapping and interpretation of magnetic data by Marvel has resulted in better defined and wider gold intervals than drilling by TerraX between 2009 and 2012. Assessment file records indicate that the original Blackfly gold discovery was made in 1897, making the occurrence one of the earliest found in the Atikokan gold mining camp. The project's 45-foot shaft was sunk in 1898 shortly after gold was discovered. Several companies have added to the database of the Property including: Rebair Gold Mines Ltd. (1945 to 1948), Steeprock Mines Ltd. (1949 and again in 1961), Aavdex Corporation (2004) and TerraX Minerals Inc. (2009 to 2012). Blackfly Drill Result from 2021 Drill Program Please see press release dated November 10, 2021.Vancouver, B.C Marvel Reports Up To 50.6 G/t Gold Over 0.5m, 2021 Phase One Drilling On The Black Fly Gold Project, Atikokan, Ontario - Marvel Discovery Corp. - Marvel Discovery Corp. Duhamel Nickel Copper Cobalt - Project Quebec: Located 350 km north of Quebec City, the Duhamel Ni-Cu-Co project lies between two prominent deformation zones in the central part of the 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 2). Figure 2. Ni-Cu-Co and Fe-Ti-P-V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hebert 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 3). 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. Figure 3. Regional geology, structure, and mineral occurrences of the Duhamel property, included significant mineralized intervals of 2000 and 2001 diamond drilling programs (Ref. SIGEOM-MERNQ) Compilation of historical data by Marvel uncovered a grab sample from massive iron-titanium oxides that returned 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr203. Pecors West property, Located in the heart of the Elliott Lake Ontario historical uranium camp the Pecors West property has the potential to host three unique styles of mineralization under the critical metals criteria: PGM-Ni-Cu magmatic style mineralization associated with the large Pecors regional magnetic anomaly. Uranium mineralization typical of the Elliot Lake uranium camp within the Pecors Channel. Uranium and rare-earth oxide (REO) mineralization similar to the contiguous Radio Fuels Eco Ridge Project. The Pecors West property is strategically located next door to an inferred resource of 20,000,000 tons grading 0.037% (0.74 lbs./t) U3O8 or 14,800,000 lbs. U3O8 defined by limited drilling by Rio Algom in1977) . This uranium mineralization is hosted within the Pecors Channel now held by Power One Resources (a spinout from Marvel Discovery). This resource estimated is based on limited drilling and there is potential to expand the Pecors Channel onto the Pecors West property. Uranium is hosted within the quartz-pebble conglomerate of the Matinenda Formation at shallow depths within the Pecors Channel. ‘Channels' within the Elliot Lake uranium camp were mined extensively in the 1950s where production grades averaged 0.100% U3O8. The resource estimate cited above predates and therefore does not conform to the more stringent reporting requirements of National Instrument 43-101 and should not be relied upon according to those standards. Marvel has not yet done exploration work to verify or classify the historical estimates as a current mineral resource, and the Company is not treating the historical estimates as a current mineral reserve or resource. The Company is currently reviewing all historical and data from its most recent exploration programs to define its second phase of drilling both at the Blackfly and Duhamel Projects planned for early next year. Qualified Person Mike Kilbourne, P. Geo, an independent qualified person ("QP") 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 Discovery Corp. is a Canadian resource company focused on generating and developing mineral exploration projects in gold, base metals, critical minerals, and uranium. With a diversified portfolio across Canada, Marvel remains committed to sustainable exploration practices and creating long-term shareholder value. Atikokan, Ontario (Blackfly - Au Prospect) Elliot Lake, Ontario (Pecors West & East Bull Ontario - Ni-Cu-PGE Prospect) Quebec, (Duhamel -Ni-Cu-Co prospect & Titanium, Vanadium, and Chromium Prospect) Newfoundland, (Hope Brook Critical Elements & Lithium Prospect, and Victoria Lake 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. 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 Corporation View the original on accesswire.comCanada’s housing crisis leads to more unsafe housing for victims of domestic violence
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