Revolver Resources Ltd (ASX: RRR) announced stunning drill results at the Dianne Copper Project
Revolver Resources Ltd (ASX: RRR) has announced that the Company has completed a very successful 2,994m, 17-hole diamond drill campaign at the 100% owned Dianne Copper Project in the Palmer River Region of Far North Queensland. The Company has concluded the initial Dianne drill program with 9 additional drill holes intersecting significant visible copper mineralisation. These 9 new holes have intersected broad ‘at surface’ intervals of visible Green hill or ‘down plunge’ massive sulphide copper (zinc) mineralisation. Multiple deposit scale step-out, near pit and district scale IP targets remain to be tested during the planned second drilling campaign for H2, 2022.
Following the announcement, shares in Revolver Resources Ltd fell 1.26% to $0.78/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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