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    MetalsTech (ASX:MTC) resource update

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    MetalsTech (ASX:MTC) has made an announcement about a key resource.

    Following the announcement shares of MetalsTech fell 5.172% to $0.275.

    MetalsTech is pleased to provide stakeholders with an update on its Phase III diamond drilling program at the Company's 100% owned Sturec Gold Mine, located in Slovakia.

    Drilling from the Drill Chamber III was finalised in July and drilling from Drill Chamber IV is ongoing.

    The drilling from Drill Chamber III was designed mainly to increase the confidence of the southern extent of the existing Sturec Mineral Resource, as well as potentially extend the mineralisation with the existing Sturec Mineral Resource at depth.

    Drill Chamber IV is located to the south of Drill Chamber II and will be used to potentially extend mineralisation to the south and down dip/plunge.

    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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