Estrella Resources (ASX: ESR) announced spectacular assay results
Estrella Resources Ltd (ASX: ESR) is pleased to announce the receipt of spectacular assays from CBDD064, a diamond drillhole targeted below the existing workings at the Company’s 100% owned flagship Carr Boyd Nickel and Copper Project, located approximately 80km NNE of the City of Kalgoorlie-Boulder, WA.
Following the announcement, shares in Estrella Resource Ltd rocketed 22.22% to $0.033/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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