Talisman Mining (ASX:TLM) has made an announcement about a key resource.
Following the announcement shares of Talisman Mining fell 3.125% to $0.155.
Talisman Mining is pleased to advise that it has further strengthened its pipeline of high-potential exploration targets at the 100%-owned Lachlan Copper-Gold Project in NSW following receipt of final results from the recently completed project-wide geophysical surveys.
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.