Sabre Resources (ASX:SBR) has made an announcement about a key resource.
Following the announcement shares of Sabre Resources rose 40.000% to $0.007.
Sabre Resources is very pleased to announce that the second diamond drillhole in the current program at Sherlock Bay (SBD002) has intersected a 15m sulphide zone including massive sulphide lenses and matrix sulphide breccia that correlates with the southwestern edge of the C3 massive sulphide conductor target.
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.