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    Jindalee Resources (ASX:JRL) resource update

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    Jindalee Resources (ASX:JRL) has made an announcement about a key resource.

    Following the announcement shares of Jindalee Resources fell 0.757% to $2.620.

    Jindalee Resources is pleased to provide an update on drilling at its 100% owned McDermitt Lithium Project located in SE Oregon, USA.

    The 2022 drilling program (total 28 holes) is designed to infill and extend the Mineral Resource Estimate (MRE) announced on 6 July 2022 of 1.82 Bt @ 1,370 ppm lithium for 13.3 Mt LCE (Lithium Carbonate Equivalent) at 1,000ppm Li cut-off.

    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.

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