The S&P/ASX 200 Materials Index (ASX: XMJ) is rising 1% today, but three ASX mining shares are soaring even higher.
The Aston Minerals Ltd (ASX: ASO), Besra Gold Inc (ASX: BEZ) and Auteco Minerals Ltd (ASX: AUT) share prices are all lifting today.
So let's take a look at why these ASX mining shares are rocketing higher today.
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Aston Minerals
Aston Minerals shares are surging 8.57% today. The company reported extensive nickel and cobalt at the company's Bardwell Prospect. This is part of the Edleston Project in Canada. Significant intercepts included:
- 217.35 metres (m) at 0.28% nickel and 0.012% cobalt starting from 288.5m, ending in mineralisation
- 304.38m at 0.25% nickel and 0.011% cobalt from 15.2m
- 269.5m at 0.27% nickel and 0.01% cobalt starting from 138.5m, ending in mineralisation
Early drilling of the B2 also intersected with "substantial mineralisation".
Commenting on the results, managing director Dale Ginn said:
To discover such a large mineralised unit with such a considerable step out from the areas of known mineralisation provides a high degree of confidence towards the scale potential of this project.
Besra Gold
Besra Gold shares are exploding 97.5% today after soaring more than 100% in earlier trade. The company reported bonanza grade gold intercepts at the company's Bekajang project in Malaysia. These results included more than 47 metres of mineralisation at BKDDH-27 and greater than 22 metres of mineralisation at BKDDH-23.
Commenting on the results, CEO Dr Ray Shaw said:
The potential implications of the exceptional grades intercepted during our recent drilling, demand priority follow-up, and may lead to a fundamental revision and upgrade of Bekajang's potential.
Auteco Minerals
The Auteco Minerals share price is surging 11% today. Auteco reported drilling at the Tyson discovery has intersected with the company's highest grade gold to date. The Tyson discovery is within the company's Pickle Crow gold project in Ontario, Canada. The "bonanza" intersection of 1,020 grams per tonne is outside the existing inferred resource.
Commenting on the results, CEO Darren Cooke said:
The recent Tyson results continue to demonstrate that we are onto a significant new mineralised system that has not been historically mined.
