Marvel Gold (ASX:MVL) announced a major breakthrough at its Hanang Gold Project in Tanzania, following the completion and interpretation of a comprehensive drone-borne magnetic survey.
The survey, which covered 380km2 and involved 5,389 line-kilometres of data collection, was executed by Tanzanian-owned SkyPM Solutions between November 2025 and February 2026.
The technical milestone has significantly sharpened the company's exploration focus by extending the known mineralisation corridor east of the New York Target and identifying an entirely new structural corridor, dubbed the Phoenix Trend, in the northeast of the licence blocks.
With these high-priority targets now geophysically defined, the company is pivoting rapidly toward its maiden exploration campaign.
A mandatory drill tender is currently underway in coordination with the Mining Commission in Tanzania to secure a contractor for an initial 10,000m reverse circulation program.
Executive Director Tim Strong expressed high confidence in the project's pipeline, noting that the combination of shallow targets and robust geochemical support positions the company for a results-driven season.
Mobilisation is expected to be immediate following the contract award, with drilling scheduled to commence this April.
At the time of reporting, Marvel Gold's share price was $0.016.