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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 7.142% to $0.390.

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

    During sampling, visible gold (VG) was identified in UGA-52 at 127.55m (downhole) in an ~1cm thick, drusy, white to translucent, quarts-pyrite veinlet and is present as up to ~1cm sized aggregates made up of many less than ~0.5mm sized grains.

    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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