Which stock has announced a resource discovery?
Kingsrose Mining Ltd (ASX:KRM) is pleased to announce high-grade gold and silver intercepts from core drill holes totalling 988.3m on the Maul Vein target at the Way Linggo project, Indonesia.
Following the announcement, shares in Kingsrose Mining Ltd traded 2.82% lower at $0.069/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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