Brightstar Resources (ASX:BTR) has made an announcement about a key resource.

Following the announcement shares of Brightstar Resources rose 6.250% to $0.017.

Brightstar Resources is excited to announce assay results from the successful RC drilling program at their Alpha project, located 15kms from the Brightstar processing facility in the Laverton Gold belt of Western Australia.

Twelve holes were completed for 1,260m drilled at Alpha West, located 500m to the NW of the main Alpha ore body.

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.