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Askari Metals Ltd (ASX: AS2) announced excellent Copper Gold results from Phase II Horry Program

Askari Metals Ltd (ASX: AS2) is pleased to announce the results of the second phase of reconnaissance and rock sampling at the Company’s 100% owned Horry Copper-Gold Project located in the Kimberley region of Western Australia. High-grade results from the Horry Horse copper mineralised area have discovered visible copper mineralisation at the surface as Malachite in a shear and has been mapped over a strike length of more than 400m, remaining open to the northeast and southwest – total current mineralised strike length is 526m.

Following the announcement, shares in Askari Metals Ltd jumped 8.33% to $0.26/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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