The S&P/ASX 200 Materials Index (ASX: XMJ) is lifting 1.65% today, but three ASX mining shares are outperforming the index.
Let's take a look at what these explorers reported today.
The Aurelia share price is surging 19% today. Aurelia reported it has intersected the highest grades to date at the company's Federation project in NSW. One standout result was 20m at 26.8% lead and zinc, 12.5 g/t gold and 0.8% copper at drill hole FDD184W5. Commenting on the results, CEO and managing director Dan Clifford said:
The Federation drilling has been nothing short of exceptional from the discovery hole to the final hole of the current surface drilling program.
Belararox shares are lifting 6% today. The company announced drilling intersected "massive sulphide mineralisation" at Native Bee in Lachlan Fold Belt, NSW. New intersections NBRC001 and NBRC002 contain more zinc, copper, lead, silver and gold mineralisation than forecast in historic resource modelling. Managing director Arvind Misra said: "Initial floatation concentrates increase confidence in successful commercial recovery of zinc, copper, lead and silver".
Sarytogan shares are rising 20% today. This ASX mining share reported results from its first round of drilling at the Sarytogan Graphite Deposit. This is located in Central Kazakstan. Drilling intercepted with thick high-grade graphite at seven drill holes. Next, the company will continue to drill, undertake metallurgical test work and update the mineral resource. Commenting on the results, managing director Sean Gregory said:
Sarytogan is thrilled with this first round of drilling results that have exceeded expectations with broad intercepts of high-grade mineralisation in the Central Graphite Zone.