Widgie Nickel (ASX:WIN) has made an announcement about a key resource.
Following the announcement shares of Widgie Nickel rose 5.172% to $0.305.
Widgie Nickel is pleased to provide updated assay results from its Reverse Circulation (RC) and diamond (DD) infill and extensional drilling program specific to the Gillett mineralisation.
The results pertain to all holes completed as at 25 June 2022 and not previously reported (refer figure 1).
Infill drilling continues at Gillett in addition to extensional work with further holes planned between Gillett and the recent Gillett North discovery.
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.