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Marvel Gold Limited (ASX:MVL)

ALERT: Price-sensitive ASX Announcement for MVL
Current share price for MVL : $0.012 -0.003 (-20%)+
Announcement
Release
27 Mar 2026 9:29AM
Price at Release
$0.015
Full Release
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Summary
Marvel Gold Limited has completed a comprehensive drone borne magnetic survey at the Hanang Gold Project, located in Tanzania. This survey has helped identify several high-priority structural targets, including the newly discovered Phoenix Trend. As a result, Marvel is planning an initial 10,000-meter reverse circulation drilling program set to commence in April, pending the completion of a tender process. The company emphasizes its commitment to compliance with Tanzanian laws and regulations. The Hanang Gold Project is considered a promising opportunity for gold mineralisation, and the survey results provide Marvel a robust foundation for further exploration.
Key Points
  • Completion of drone borne magnetic survey covering 380km2.
  • Results from the survey have identified high-priority targets.
  • Identification of the Phoenix Trend, a previously unknown structural corridor.
  • An initial 10,000m reverse circulation drilling program is planned.
  • Drilling is expected to commence in April following the completion of a mandatory tender process.
  • Marvel Gold Limited is working with Tanzanian authorities to ensure compliance with local regulations.
  • The Hanang Gold Project is located in the Singida Region of Tanzania.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.