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Green Technology Metals Ltd (ASX: GT1) announced further thick, high-grade extensional intercepts at Seymour

Green Technology Metals Ltd (ASX: GT1) has announced further assay results from the Phase 1 diamond drilling program at its Seymour Lithium Project in Ontario, Canada. All 16 holes in the Phase 1 program intersected pegmatite along strike and down dip. The intercepts returned solely from the upper pegmatite at North Aubry range in thickness up to 42.7m, with the widest intervals located in the northern extensions of the deposit.

Following the announcement, shares in Industrial Green Technology Metals Ltd fell 4.19% to $0.92/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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