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Marvel Gold Limited (ASX:MVL)

ALERT: Price-sensitive ASX Announcement for MVL
Current share price for MVL : $0.012 -0.008 (-40%)+
Announcement
Release
23 Jan 2026 9:56AM
Price at Release
$0.020
Full Release
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Summary
Marvel Gold Limited has identified five high priority targets at the Hanang Gold Project in Tanzania through a drone-borne magnetic survey. The survey, which covers only 20% of the total area, highlighted structural features conducive to gold mineralization, such as shear-related plugs and structural flexures. These findings, supported by recent soil analysis, have increased confidence for drill targeting, with drilling expected to commence in February 2026. The project is managed by Marvel's subsidiary, Cobra Resources Limited, and aims to verify historical geophysical data and explore gold-bearing structures.
Key Points
  • Marvel identifies five high priority targets at Hanang.
  • The drone-borne magnetic survey covered 5,389 line-kilometres with only 20% analyzed so far.
  • The identified targets suggest potential for shear-related gold mineralization.
  • Initial targets show strong correlation with soil gold anomalies.
  • Maiden drilling program anticipated to start in February 2026.
  • The project is operated by Marvel's subsidiary, Cobra Resources Limited.
  • The survey aims to validate historical geophysical data and explore potential gold structures.
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.