Apollo Minerals Ltd (ASX:AON) has reported further shallow high-grade assay results received from diamond drilling completed at the Dikaki prospect within the province-scale Kroussou zinc-lead Project in Gabon. The results received from the remaining 12 holes drilled at Dikaki in 2021, all showed intersecting zinc-lead mineralisation in a zinc-rich system.
Following the announcement, shares in Apollo Minerals Ltd traded 6.94% higher at $0.077/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.