Torque Metals Ltd (ASX: TOR) has announced the discovery of a new high-grade zone of gold mineralisation at the 100% owned Paris Project in the Boulder-Lefroy Fault Zone, South East of Kalgoorlie, WA.
Following the announcement shares of Torque Metals Ltd rose 31.82% to $0.29/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.
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