Antilles Gold (ASX:AAU) has made an announcement about a key resource.
Following the announcement shares of Antilles Gold fell 1.960% to $0.050.
Antilles Gold is pleased to advise that it has completed four preliminary diamond drillholes totalling 1,110m downhole on the El Pilar copper-gold porphyry deposit, and its overlying gold-copper oxide deposit in central Cuba.
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.