What did Marvel Gold Limited (ASX:MVL) announce regarding its operations in Tanzania?

Marvel Gold Limited has officially commenced its Phase 1 Reverse Circulation (RC) drilling programme at its 100%-owned Hanang Gold Project. Located in the Singida Region of Tanzania, this exploration campaign marks the first modern drill testing of high-priority structural and geophysical targets under cover at the site.

What are the specific technical details of Marvel Gold's (ASX:MVL) current drill programme?

The Phase 1 drilling campaign consists of approximately 5,000 metres of Reverse Circulation drilling. The initial phase is designed to target specific areas, focusing first on the Winston Extension prospect before moving operations to the Sophia prospect.

Why is the Hanang Gold Project location significant for Marvel Gold Limited (ASX:MVL)?

The Hanang Project is situated on the eastern margin of the Lake Victoria Gold Field, a highly endowed geological region boasting a historical profile of over 70 million ounces of gold.

How is Marvel Gold (ASX:MVL) managing operational efficiency during this drilling campaign?

The company has structured its drill sequencing to maximise operational efficiency and minimise rig move times between the Winston Extension and Sophia prospects. Additionally, Marvel Gold will process collected assays using PhotonAssay technology to significantly accelerate laboratory turnaround times.

What work did Marvel Gold (ASX:MVL) complete before starting this drilling campaign?

The commencement of active drilling follows 12 months of systematic preparation and exploration fieldwork by management. Prior milestones achieved across the project area include geochemical sampling, detailed structural interpretation, permitting, on-site geological field work, and a recently completed drone magnetic survey.

Image for illustrative purposes only. Not a real photo.

Marvel Gold commences drilling at Hanang Project

Written by Heidi Cuthbert Published May. 29 2026Last Updated May. 29 2026

Marvel Gold (ASX:MVL) commenced its reverse circulation drilling programme at the 100%-owned Hanang Gold Project, located within the Singida Region of Tanzania.

The Phase 1 campaign comprises approximately 5,000m of drilling, marking the first modern drill testing of high-priority structural and geophysical targets under cover.

The underexplored Hanang Project occupies a geologically favourable position on the eastern margin of the highly endowed Lake Victoria Gold Field, an area boasting over 70 million ounces of gold.

The initial drilling campaign will focus first on the Winston Extension prospect before progressing to the Sophia prospect.

The drill sequencing has been carefully designed to maximise operational efficiency and minimise rig move times, while collected assays will be processed using PhotonAssay technology to accelerate turnaround times.

The operational milestone follows 12 months of systematic preparation, including geochemical sampling, on-site geological field work, permitting, and a recently completed drone magnetic survey.

Commenting on the transition to active exploration, Executive Director Tim Strong stated that the commencement of drilling represents a major milestone and an exciting step forward for the company.