Marvel Gold Hanang Project Reveals Multiple High-Priority Drill Targets

Marvel Gold Unlocks Major Discovery Potential at Hanang with Game-Changing Geophysical Survey

Marvel Gold Limited (ASX: MVL) has delivered a significant breakthrough at its Hanang Gold Project in Tanzania, with comprehensive drone magnetic survey results revealing multiple high-priority drill targets across an expanded 380km² exploration area. The geophysical programme has not only confirmed the extension of known mineralisation but has also identified an entirely new structural corridor – the Phoenix Trend – positioning Marvel for an aggressive 10,000-metre RC drilling campaign set to commence in April 2026.

The completion of this extensive 5,389 line-kilometre drone-borne magnetic survey represents a major milestone for Marvel, providing the geological framework needed to unlock the full potential of what appears to be a much larger gold system than previously understood. With drill-ready targets now defined and contractor tender processes underway, Marvel is positioned to deliver sustained exploration news flow through 2026.

Geophysical Survey Delivers Multiple High-Priority Targets

Marvel's systematic approach to exploration has paid dividends, with the comprehensive magnetic survey revealing structural complexities that significantly expand the project's exploration potential. The Marvel Gold Hanang Project now features multiple distinct target areas, each with compelling geological and geochemical signatures supporting gold mineralisation potential.

Key Target Areas Identified

• New York Extension: Previously known 1km strike length now expanded to 3km within a 'stacked' quartz vein system
• Phoenix Trend: Newly discovered northeastern structural corridor featuring three sets of east-west trending fault zones
• Winston Extension & Sophia Areas: High-priority targets combining strong geophysical and geochemical signatures

The survey utilised state-of-the-art drone technology operated by 100% Tanzanian-owned SkyPM Solutions, ensuring full compliance with local content requirements whilst delivering exceptional data quality. The 75-metre line spacing and 35-metre mean altitude provided the resolution needed to map complex structural features that were previously masked by surface geology.

Furthermore, Executive Director Tim Strong commented: "This work represents a significant step forward in our understanding of the total Hanang Project. The identification of additional multiple high-priority targets within a proven mineralised structural corridor provides Marvel with a strong pipeline of drill-ready opportunities."

Understanding Structural Geology: Why Fault Systems Matter for Gold Exploration

For investors new to gold exploration, understanding structural geology is crucial to appreciating Marvel's discovery. Fault zones and shear systems are essentially fractures in the Earth's crust where rocks have been displaced due to tectonic forces. These structures are critical for gold mineralisation because they:

• Create pathways for gold-bearing fluids to move through rock
• Provide trap sites where gold precipitates and concentrates
• Generate repeated reactivation allowing multiple mineralisation events

The Phoenix Trend's "sinistral offset" indicates left-lateral movement along the fault zone – a structural signature commonly associated with significant gold deposits in similar geological settings across Tanzania's prolific Iramba-Sekenke Greenstone Belt.

Why This Matters for Marvel Gold Hanang Project

Marvel has identified not just one, but multiple interconnected structural systems across its 380km² land package, suggesting the potential for a district-scale gold camp rather than isolated deposits. The New York prospect exemplifies this potential, where what appeared to be a simple 1km strike has been revealed as part of a much larger 3km stacked quartz vein system within a heavily deformed geological corridor.

The company describes the New York area as featuring "a large fold system that has been sheared and re-folded several times" – geological language indicating multiple episodes of deformation that can concentrate gold mineralisation over extensive periods. In addition, this structural complexity suggests the Marvel Gold Hanang Project has the potential to host multiple mineralisation styles within a single system.

Aggressive Drilling Campaign Set to Unlock Value

Marvel's upcoming drilling campaign represents a significant scale-up in exploration intensity, with the 10,000-metre RC programme designed to systematically test multiple target areas. The programme's design reflects Marvel's confidence in the target quality, with shallow drilling depths indicating near-surface mineralisation potential that could deliver rapid resource development if successful.

Drilling Programme Specifications

The systematic approach – starting with highest confidence targets before expanding across the broader structural corridor – demonstrates disciplined capital allocation. The company plans to focus initially on the Winston Extension and Sophia areas before moving further west and north across the property.

However, with contractor selection expected in April and immediate mobilisation planned, Marvel shareholders can anticipate regular drilling updates throughout the second quarter of 2026. This timeline represents a key investment consideration for those tracking the Marvel Gold Hanang Project.

Moreover, Marvel's decision to tender the drilling contract through Tanzania's mandatory process, whilst causing short delays, demonstrates the company's commitment to regulatory compliance and local content requirements – critical success factors in African mining jurisdictions.

Strategic Position in Tanzania's Premier Gold Province

The Marvel Gold Hanang Project sits within the highly prospective Iramba-Sekenke Greenstone Belt, a geological terrane that hosts numerous operating gold mines and advanced projects. The company's strategic advantages include proven infrastructure access in an established mining region and local contractor networks ensuring competitive drilling costs.

Operational Benefits

• Proven infrastructure access in established mining region
• Local contractor networks ensuring competitive drilling costs
• Regulatory familiarity with Tanzanian mining requirements
• Skilled local workforce availability

Geological Advantages

• Multiple structural corridors providing exploration optionality
• Shallow target depths reducing drilling costs and development risk
• Strong geochemical signatures supporting gold mineralisation potential
• District-scale land position allowing systematic exploration approach

The company's decision to utilise 100% Tanzanian-owned contractors for both geophysics and drilling demonstrates strong local partnership focus whilst ensuring full regulatory compliance. This approach, whilst occasionally causing short delays as seen with the current tender process, positions Marvel advantageously for long-term operational success in Tanzania.

Phoenix Trend Discovery Expands Exploration Inventory

The identification of the Phoenix Trend represents a genuine discovery of new prospective ground at the Marvel Gold Hanang Project. Located in the far northeast of the licence blocks, this area had been previously masked by late-stage, non-mineralised dolerite dykes. However, the tighter spaced geophysical data from the recent survey revealed three sets of east-west to east-south-east west-north-west trending fault zones.

The structural signature – featuring predominant sinistral offset of lithologies – is particularly encouraging given its similarity to fault systems associated with significant gold deposits elsewhere in the Iramba-Sekenke Greenstone Belt. Whilst early-stage and requiring ground-truthing before drilling, the Phoenix Trend effectively doubles Marvel's target inventory.

What Makes This Discovery Significant

• Previously unknown structural corridor identified through advanced geophysical techniques
• Multiple fault zone sets providing numerous exploration targets
• Favourable structural geometry consistent with regional gold deposits
• District-scale implications for Marvel's broader land position

For instance, the Phoenix Trend discovery demonstrates how systematic geophysical surveys can unlock value in areas previously thought to be non-prospective. This approach validates Marvel's methodical exploration strategy at the Marvel Gold Hanang Project.

Investment Outlook and Key Catalysts

Marvel Gold has positioned itself for sustained exploration success through systematic, science-based targeting backed by high-quality geophysical data. The Marvel Gold Hanang Project now features multiple drill-ready targets within proven structural corridors, providing numerous opportunities for discovery success.

Key Investment Catalysts

• April 2026: RC drilling campaign commencement
• Q2 2026: Initial drilling results from highest priority targets
• Mid-2026: Resource estimation potential if drilling succeeds
• 2026-2027: Expansion drilling across Phoenix Trend and regional targets

The company's systematic approach to exploration – combining comprehensive geophysical surveying, disciplined target selection, and aggressive drilling programmes – provides multiple discovery opportunities within a single, well-funded exploration programme. Furthermore, the identification of the Phoenix Trend, combined with the expanded New York system and multiple additional targets, offers investors exposure to several potential discovery scenarios.

Marvel's commitment to regulatory compliance and local content requirements, whilst occasionally causing short-term delays, positions the company advantageously for long-term success in Tanzania's established mining jurisdiction. With proven infrastructure, skilled local contractors, and multiple drill-ready targets, Marvel offers compelling near-term catalyst exposure in Tanzania's premier gold province.

In conclusion, Marvel Gold has systematically de-risked its Marvel Gold Hanang Project through comprehensive geophysical surveying, identifying multiple high-priority drill targets within proven structural corridors. With 10,000 metres of drilling commencing in April 2026, the company offers investors compelling near-term catalyst exposure in Tanzania's premier gold province.

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