Winsome Resources (ASX:WR1) has made an announcement about a key resource.
Following the announcement shares of Winsome Resources rose 9.375% to $0.350.
Winsome Resources is pleased to announce high grades of lithium mineralisation have been confirmed from laboratory assay results following the recent field exploration program at the Company's Adina project in Quebec.
Winsome has received 26 rock chip assays from SGS laboratory in Quebec, confirming strong mineralisation at the recently discovered pegmatite outcrop at Adina, as detailed in the ASX release in 16 August 2022, following a three-week field exploration program.
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.