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Marvel Gold Ltd. ( (AU:MVL) ) has provided an announcement.
Marvel Gold Limited has completed the acquisition of the Hanang Gold Project in Tanzania, receiving all necessary regulatory approvals. The company has expanded its land holdings around Hanang from 230 km² to 380 km² and identified a 3 km gold anomaly through geochemical studies. Additionally, Marvel has sold its interests in the Tabakorole project in Mali, allowing it to concentrate on the promising Hanang Project, which is situated in a highly prospective and underexplored greenstone belt. These developments are expected to enhance Marvel’s exploration potential and strengthen its position in the Tanzanian gold mining sector.
More about Marvel Gold Ltd.
Marvel Gold Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its projects in Tanzania, particularly in the Iramba-Sekenke Greenstone Belt, with a market focus on expanding its gold exploration footprint.
Average Trading Volume: 3,831,275
Technical Sentiment Signal: Hold
Current Market Cap: A$24.13M
Learn more about MVL stock on TipRanks’ Stock Analysis page.