Ardiden (ASX:ADV) has made an announcement about a key resource.
Following the announcement shares of Ardiden stable to $0.008.
Ardiden is pleased to announce 16 additional exploration drilling results that further illustrate the belt scale potential across the Western Hub of its Pickle Lake Gold Project.
Ardiden's district-scale 1,088sqkm gold landholding is located east of Red Lake in the well-endowed Uchi Geological sub-province of north-western Ontario, Canada.
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.