Twenty Seven Co. Ltd (ASX:TSC) has announced that it has received the 1m assay results from the Reverse Circulation drilling programme completed at the Rover Gold Project in December 2021. Initial 4m gold composites results were reported to the ASX on the 4th February 2022. The new detailed 1m results from this drilling campaign have further highlighted the mineralised potential of the Rover Project area, and in particular, at the Harmonic Prospect.
Following the announcement, shares in Industrial Twenty Seven Co. Ltd traded flat at $0.004/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.