Kaiser Reef Ltd (ASX:KAU) is pleased to report the first drill hole from the current A1 Mine diamond drilling programme and the final assays from the completed first campaign of diamond drilling at the Maldon Goldfield. The first drill hole from the ongoing A1 Mine returned an exceptionally high-grade interval of 4.6m @ 135.7 g/t gold from 36m. The final drilling results from the first exploration campaign at Maldon returned a high-grade interval of 0.6m @ 52.8 g/t gold.

Following the announcement, shares in Kaiser Reef Ltd traded 5.13% higher at $0.20/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.