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Marvel Gold in trading halt ahead of Tabakorole Gold Project resource estimate

The Tabakorole Gold Project covers an area of 100 square kilometres and is in southern Mali, around 230 kilometres south of the capital city of Bamako.

Marvel Gold Ltd - Marvel Gold in trading halt ahead of Tabakorole Gold Project mineral resource estimate
The halt will remain in place until Wednesday, September 30, or when an announcement is released

Marvel Gold Ltd (ASX:MVL) has been granted a trading halt with an announcement pending in relation to a mineral resource estimate for Tabakorole Gold Project in Mali, West Africa.

The halt will remain in place until the beginning of trade on Wednesday, September 30, or when an announcement is released to the market, whichever occurs earliest.

Shares in the company last traded at 5.8 cents up from 5 cents at the market close on September 9.

Marvel Gold recently signed an agreement with Oklo Resources Limited (ASX:OKU) to acquire an 80% interest in Oklo’s three South Mali gold projects covering 675 square kilometres of highly prospective Birimian Greenstone terrain.

New gold focus

The company, which recently changed its name from Graphex Mining to reflect its new gold focus, believes that the location and size of the three new projects will provide further opportunity for gold discoveries.

These projects will enhance Marvel’s existing primary exploration project Tabakorole along with the other project at Lakanfla.

London-based financial boutique Tamesis Partners believes the geological optionality in Marvel’s portfolio is highly attractive and that the market has not yet had the chance to fully respond to this fresh equity story.

Quick facts: Marvel Gold Ltd

Price: 0.064 AUD

ASX:MVL
Market: ASX
Market Cap: $26.47 m
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Marvel Gold's Phil Hoskins hails significant increase to resource at Tabakorole

Marvel Gold Ltd's (ASX:MVL) Phil Hoskins speaks to Proactive's Andrew Scott after delivering an upgraded mineral resource for the Tabakorole Gold Project in Mali, West Africa, with 910,000 ounces grading 1.2 g/t. The new JORC-compliant resource represents a 54% increase in ounces and a 20%...

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