Dateline Resources Ltd (ASX: DTR) announced high-grade gold intersections
Dateline Resources Ltd (ASX: DTR) announced high-grade gold intersections returned from its underground drilling program at the Gold Links Gold Project, located in Gunnison Country, Colorado. The current phase of the underground drilling program is aimed at extending a known mineralised zone that was drilled between 1975 and 1985 The Company has so far completed 21 holes into this area and has succeeded in extending the mineralised zone.
Following the announcement, shares in Dateline Resources Ltd rose 1.19% to $0.85/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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