Marvel Gold Limited has pinpointed five high priority gold targets at its Hanang Project in Tanzania from initial drone magnetic survey data, setting the stage for a maiden drilling campaign in early 2026.
- Five high priority structural gold targets identified from initial 20% of drone magnetic survey
- Targets correlate with favourable shear zones and gold-in-soil anomalies
- Survey covers 5,389 line-kilometres, expected completion by end of January 2026
- Maiden drilling program of 10,000–15,000 metres planned to commence February 2026
- Drilling contingent on rainy season and regulatory approvals from Tanzanian Ministry of Minerals
Initial Survey Success at Hanang
Marvel Gold Limited (ASX, MVL) has revealed promising early results from its extensive drone borne magnetic survey at the Hanang Gold Project in Tanzania. Covering just under 20% of the licence area so far, the survey has identified five high priority targets that exhibit structural features favourable for gold mineralisation. These findings build on historical soil sampling and geological data, reinforcing confidence in the project's potential.
Structural Insights and Target Highlights
The targets are primarily associated with shear-related plugs and structural flexures within the greenstone belt, known to be conducive to orogenic gold deposits. Notably, the "Wedge" target represents a 2x1 kilometre shear plug with elevated gold values near its margins, while the "Sophia" target aligns with strong gold-in-soil anomalies along a fold hinge. Other targets like "Wedge North" and "Winston Extension" also show encouraging geological interplay, although some areas like "German Chief" await further geochemical data.
Advanced Geophysical Techniques and Survey Progress
The survey, conducted by Tanzanian-owned SkyPM Solutions Limited, utilises state-of-the-art drones equipped with magnetometers and RTK GPS for precise data collection. Several magnetic filters have been applied to enhance interpretation, distinguishing between banded iron formations and dolerite dykes. The full 5,389 line-kilometre survey is expected to complete by the end of January 2026, with ongoing data analysis to refine and prioritise additional targets.
Looking Ahead, Drilling Plans and Regulatory Considerations
Marvel Gold is preparing for a maiden drilling program targeting these high priority zones, planning between 10,000 and 15,000 metres of aircore and reverse circulation drilling. The company anticipates commencing drilling in February 2026, subject to the conclusion of the rainy season and receipt of necessary approvals from Tanzania's Ministry of Minerals. This next phase aims to validate the geophysical and geochemical indications and potentially delineate a significant gold resource.
Strategic Implications for Marvel Gold
Executive Director Tim Strong emphasised the encouraging nature of the initial results, highlighting the project's structural complexity and mineralisation potential. The integration of modern geophysical data with historical exploration enhances Marvel Gold's ability to target drilling effectively, potentially accelerating the path to resource definition. As the survey progresses and drilling commences, the Hanang Project could emerge as a key asset in the company's portfolio.
Bottom Line?
With drilling imminent, Marvel Gold’s Hanang Project is poised for a critical test that could reshape its exploration trajectory.
Questions in the middle?
- How will the remaining 80% of the geophysical survey data influence target prioritisation?
- What impact will seasonal weather and regulatory approvals have on the drilling timeline?
- Could early drilling results confirm a commercially viable gold resource at Hanang?