Jindalee Resources Ltd (ASX:JRL) has announced assay results from the six diamond core drillholes completed late in 2021 at the Company?s 100% owned McDermitt Lithium Project in the US has returned some of the thickest intercepts of lithium mineralisation reported at the Project to date.
Following the announcement, shares in Jindalee Resources Ltd rose 15.53% to $3.05/share.
When a mining company announces a new resource discovery 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.