Belararox (ASX:BRX) has made an announcement about a key resource.
Following the announcement shares of Belararox fell 3.174% to $0.610.
Belararox, an advanced mineral explorer focused on high value energy metals, is excited to announce the assay results from the Phase One Reverse Circulation (RC) and diamond core resource drilling at the Belara mine.
The drilling aims to build upon historic results to determine the potential of the Belara Project to host significant zinc and copper mineralisation.
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.