Marvel Gold Limited announced the results of reconnaissance auger drilling at Kolondieba, located in south-east Mali. The Project is held under a joint venture with Oklo Resources in which Marvel holds an 80% interest (Oklo JV). Four targets at Kolondieba were tested, each of which exhibited strong and spatially extensive bedrock gold anomalism.

The general stratigraphy trends northeast-southwest, however the mineralisation at Target One appears to trend approximately north-south, giving it a strike length of over 2km and a width of up to 700m. At Target One, six holes returned intercepts greater than 1 g/t gold, with a peak value of 2.35 g/t gold in auger hole 22KDBAG1337. Mineralisation at Target Two is slightly disjointed, with an approximate strike length of 1km and a peak value of 0.74 g/t gold reported.

Anomalism remains open along strike to both the north and south. has a strike length of approximately 1.6km and a width of almost 800m. It remains open along strike to both the north and south.

Eight holes returned intercepts greater than 0.5 g/t gold, with a peak value of 1.54 g/t gold in auger hole 22KDBAG1474. Target Four is located to the east of Kolondieba and is interpreted to be the strike extension of mineralisation found in the neighbouring Kalaka licence of London-listed Panthera Resources. Historical drilling in the Kalaka licence has returned 249.3m at 0.54 g/t (from 52m to end of hole), including 8m at 3.17 g/t. Target Four has a strike length of approximately 650m and a width of 350m.

It remains open along strike to both the north and south. Nine holes returned intercepts greater than 0.2 g/t gold, with a peak value of 1.68 g/t gold in hole 22KDBAG0646. At Kolondieba, a total of 1,354 holes were drilled across 11 targets, all of which returned significant bedrock gold anomalism.

Three standout targets each yielded 0.1g/t gold anomalism over 1km of strike length and several hundred metres across, with numerous 0.5g/t intercepts encountered in 5 of the 11 targets tested. Auger drilling is a rapid and cost-effective reconnaissance drilling technique used to test the bedrock in order to confirm that gold-in-soil anomalies are sourced from the underlying geology and that they have not been transported. The auger drilling was conducted as follow-up to a previous soil sampling program which defined strong and largely coherent gold anomalism passing through the centre of the Kolondieba permit.

Auger drilling has confirmed that these soil anomalies are not transported but are derived from the underlying bedrock. The strongest gold-in-soil anomalies were drill tested, however several other soil anomalies remain untested. of the targets drilled, many remain open along strike.

The Kolondieba auger samples will now be analysed in-house by the Company's portable X-ray fluorescence (pXRF) machine. This will provide multi-element geochemical data which will enhance the understanding of the geology at Kolondieba, the results of which will inform the drill targeting process. A high-resolution Gradient Array Induced Polarisation survey is planned over Targets One to Four covering a combined area of approximately 13km2.

The results of this survey, in conjunction with the auger drilling assay data, will help to better define follow-up targets for reverse circulation drilling.