Helix Resources (ASX:HLX) has made an announcement about a key resource.

Following the announcement shares of Helix Resources stable to $0.007.

Helix Resources is pleased to provide an update on its ongoing copper exploration program, drill testing several early-stage targets along the Rochford Trend southeast of Cobar, NSW.

This reverse-circulation (RC) drilling program commenced in early July and was completed in mid September. A total of 27 RC holes were completed for 4,275 metres and assays are reported here for 15 holes with results for the remaining 12 holes pending.

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.