Aeris Resources (ASX:AIS) has made an announcement about a key resource.
Following the announcement shares of Aeris Resources rose 7.407% to $0.435.
Aeris Resources is pleased to provide an update on resource definition drill results at the Golden Plateau deposit, located within the Company's 100% owned Cracow tenement package in southeast Queensland.
Aeris' Executive Chairman, Andre Labuschagne, said "the further high grade drill results from Golden Plateau are very encouraging. The priority Western lode has now been defined over a 180m strike length and remains open in both directions.
When a mining company releases an update about a key resource 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.