Marvel Gold Ltd (ASX:MVL) announced outstanding high-grade gold intercepts at Tabakorole
Marvel Gold Ltd (ASX:MVL) is pleased to announce the results of RC drilling at the Lone Wolf Prospect on the Tabakorole Licence, located in southern Mali. The shallow RC program successfully intersected mineralisation in 3 out of 5 holes with best intercepts recorded in hole 22TBKRCO21.
Following the announcement, shares in Marvel Gold Ltd traded flat at $0.046/share.
When a mining company announces a new resource discovery it’s exciting times for shareholders.
A lot of capital goes into exploration and when a new deposit is found there’s usually a share price boost.
Discovery is the reward stage for investors, particularly of junior mining stocks, searching for undiscovered deposits of natural resources.
When discussing new resource discoveries it’s beneficial to know the difference between greenfield and brown exploration.
Greenfield exploration is looking for mineral deposits in areas that have not been explored.
In brownfield exploration deposits are being sought near or next to an already existing mine.
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