Kingsrose Mining Ltd (ASX: KRM) has announced high-grade PGE-Cu-Ni results from resampling drill holes
Kingsrose Mining Ltd (ASX: KRM) has announced the results of resampling from 19 historical drill holes. The resampling has verified historical drill intercepts and improved understanding of controls on, and styles of, mineralisation at Penikat. The highlights of the resampling results include historical high-grade intercepts, with significant nickel, copper and gold in addition to high PGE grades over 2km of the PV Reef.
Following the announcement, shares in Kingsrose Mining Ltd traded flat at $0.079/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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