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Marvel Gold Ltd. ( (AU:MVL) ) has shared an update.
Marvel Gold Limited has entered into a binding agreement with Pangani Minerals Company Limited to acquire rights to two prospecting licenses in Tanzania, expanding its Hanang project. This acquisition increases Marvel’s landholding from 230km2 to 380km2, enhancing its strategic position in the highly prospective Iramba-Sekenke Greenstone Belt. The company plans to conduct a drone-borne geophysical survey to aid in planning a maiden drilling program, aiming to discover an economic gold deposit in the region.
More about Marvel Gold Ltd.
Marvel Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary market focus is on expanding its land holdings and exploration activities in Tanzania, particularly within the Iramba-Sekenke Greenstone Belt.
Average Trading Volume: 3,233,293
Technical Sentiment Signal: Hold
Current Market Cap: A$24.13M
Learn more about MVL stock on TipRanks’ Stock Analysis page.