Vango Mining Ltd (ASX:VAN) has announced further high-grade gold intersections from drilling at the Parrot open-pit target as part of its open-pit focused drilling campaign at the Company?s flagship Marymia Gold Project in the Mid-West region of Western Australia.
Following the announcement, shares in Vango Mining Ltd jumped 13.33% to $0.034/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.