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Marvel Gold Ltd. ( (AU:MVL) ) has shared an update.
Marvel Gold has advanced exploration at its Hanang Gold Project in central Tanzania, completing a drone-borne magnetic survey over the entire 380 sq km licence area. The work targets orogenic gold potential in the Iramba–Sekenke Greenstone Belt, part of the underexplored Lake Victoria Goldfields.
The survey generated multiple high-priority drill targets, including extensions to an existing mineralised corridor east of the New York target and a newly identified structural trend dubbed Phoenix. With a local contractor selected through a compliant tender process and approvals pending from the Tanzanian Mining Commission, a maiden reverse circulation drilling program using Photon Assay technology is set to begin imminently, signalling a more aggressive exploration phase for the project.
More about Marvel Gold Ltd.
Marvel Gold Limited is an Australian-listed mineral exploration company focused on gold projects in Tanzania. Its flagship Hanang Gold Project sits in the Iramba–Sekenke Greenstone Belt within the Lake Victoria Goldfields, a highly prospective but underexplored region known for orogenic, shear-related gold mineralisation.
Average Trading Volume: 3,026,576
Technical Sentiment Signal: Buy
Current Market Cap: A$22.76M
For an in-depth examination of MVL stock, go to TipRanks’ Overview page.