Boab Metals (ASX:BML) has made an announcement about a key resource.

Following the announcement shares of Boab Metals rose 1.818% to $0.280.

Boab Metals is pleased to announce the receipt of the first lot of assay results from its Phase VI drilling program at its 75% owned Sorby Hills LeadSilver-Zinc Project (?Sorby Hills?, or the ?Project?) located in the Kimberley Region of Western Australia.

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.