Marvel Gold Secures Final Approvals, Launches Exploration at Hanang Project
Marvel Gold Limited has secured all Tanzanian government approvals to complete its acquisition of Cobra Resources and is set to begin exploration at the Hanang Gold Project, a promising site in Tanzania's Iramba-Sekenke Greenstone Belt.
- Final Tanzanian government approvals received for Cobra acquisition
- Hanang Gold Project located in highly prospective Iramba-Sekenke Greenstone Belt
- Initial exploration includes 3,455 soil samples and drone-borne magnetic survey
- Maiden drill program planned following assay and geophysical results
- Acquisition supported by recent capital raise, marking strategic expansion
Strategic Acquisition Completed
Marvel Gold Limited (ASX – MVL) has officially secured all necessary Tanzanian government approvals to complete its acquisition of Cobra Resources Limited, the owner of the Hanang Gold Project. This milestone, announced in August 2025, finalizes a deal first revealed in March and positions Marvel to expand its footprint in one of East Africa’s most promising gold regions.
Exploration Activities Kick Off
With the acquisition now complete, Marvel is moving swiftly to unlock the potential of the Hanang Gold Project, situated within the underexplored Iramba-Sekenke Greenstone Belt. The company has submitted 3,455 soil samples collected by Cobra to MSALabs in Tanzania, with assay results expected within weeks. Additionally, Marvel has initiated a tender for a drone-borne magnetic survey, a modern geophysical technique that will help map subsurface structures and identify promising drill targets.
A Region Rich with Opportunity
The Hanang Project lies in a region known for significant gold endowment, adjacent to major operations such as Barrick Gold’s Geita Mine and Perseus Mining’s Nyanzaga project. The area’s geology, characterized by volcanic rocks, sediments, and mineralized banded iron formations, offers compelling analogies to known deposits. Marvel’s exploration strategy aims to leverage this geological setting to accelerate discovery.
Financial and Operational Readiness
Marvel’s recent capital raise has provided the financial foundation to support an aggressive exploration campaign, including a maiden drilling program planned for later this year. The acquisition terms include a combination of cash payments and share issuances, reflecting a structured approach to funding the project’s development. Executive Director Timothy Strong emphasized the company’s readiness to advance rapidly, highlighting proactive community engagement and exploration planning during the approval phase.
Looking Ahead
As assay results and geophysical data come in, Marvel will refine its understanding of the Hanang Project’s mineral potential and prioritize drill targets. This acquisition and exploration push mark a significant chapter for Marvel Gold, signaling its commitment to growth in Tanzania’s emerging gold sector.
Bottom Line?
Marvel Gold’s Hanang acquisition sets the stage for a pivotal exploration phase that could reshape its growth trajectory.
Questions in the middle?
- What initial assay results will reveal about the Hanang Project’s gold potential?
- How will the drone-borne magnetic survey influence drill targeting and exploration strategy?
- What impact will the acquisition and exploration progress have on Marvel Gold’s share price and investor sentiment?
