Critical Resources (ASX:CRR) has made an announcement about a key resource.

Following the announcement shares of Critical Resources stable to $0.058.

Critical Resources is pleased to advise another significant intercept of spodumene-bearing pegmatite from the Company?s 100% owned Mavis Lake Lithium Project.

The latest intercept will be included in the Maiden Mineral Resource Estimate, which is due for release in Q1 2023.

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.