There have been some very big gains recorded by ASX mining shares today.
For example, the three listed below have been up over 20% in morning trade.
Here's what is putting a rocketing under these mining shares on Monday:
Image source: Getty Images
Buxton Resources Limited (ASX: BUX)
The Buxton share price is up a massive 34% to 27.5 cents. This morning, this nickel explorer reported high grade nickel and cobalt mineralisation in sulphides from the first diamond hole at the Dogleg Prospect within the West Kimberley Project. Management believes that this result, along with previous exploration success, validates its view that the project has the potential to host Nova-Bollinger style nickel sulphide deposits.
Greentech Metals Ltd (ASX: GRE)
The Greentech Metals share price is up 23% to 67 cents. This has been driven by news that diamond drilling has commenced at the Osborne joint venture. Diamond drilling totalling up to 1500m has been planned to gather stratigraphic and structural information in the Southern pegmatite zone utilising existing heritage cleared areas. Management notes that its West Pilbara lithium projects are to the west of and in proximity to the Azure Minerals (ASX: AZS) Andover Discovery.
Wildcat Resources Ltd (ASX: WC8)
The Wildcat share price was up 21% to $1.01 this morning. It has now eased back a touch but remains up 15% to 96 cents. Investors have been scrambling to buy this ASX mining share after its assay results supported the "uncovering [of] a tier-1 lithium deposit at Tabba Tabba." This lithium project is not too far away from the Pilbara Minerals Ltd (ASX: PLS) owned Pilgangoora Project and the Mineral Resources Ltd (ASX: MIN) owned Wodgina Project.
