The market may be sinking deep into the red today, but that hasn't stopped some ASX mining stocks from charging higher.
Here's why these mining stocks are absolutely smashing the market on Thursday:
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Critical Resources Ltd (ASX: CRR)
The Critical Resources share price is up 26% to 5.3 cents. Investors have been buying this lithium explorer's shares following the release of "spectacular" drilling results from the 100%-owned Mavis Lake Lithium Project in Ontario, Canada. Management advised that it intersected 74.4 meters of spodumene-bearing pegmatite during drilling. This is the widest interval of spodumene mineralisation recorded to date.
Tambourah Metals Ltd (ASX: TMB)
The Tambourah share price is up 27% to 14 cents. This morning, the company announced an agreement with Chilean lithium giant Sociedad Quimica y Minera de Chile (NYSE: SQM). That agreement grants SQM an exploration earn-in across six of Tambourah's Julimar Nth projects in Western Australia. The lithium giant can earn an initial 50% interest (and a maximum of 70%) in all mineral rights by sole funding a minimum of $1.5 million and up to $3 million in exploration and development activities.
Titan Minerals Ltd (ASX: TTM)
The Titan Minerals share price is up 32% to 7 cents. This follows the release of the maiden JORC mineral resource estimate (MRE) for the Dynasty gold project in the Loja Province of southern Ecuador. The MRE includes 3.12 million ounces of gold and 21.98 million ounces of silver now contained within the epithermal vein system. Importantly, over half of the mineral resource is contained within 100 metres from surface. Management believes the MRE provides a solid foundation for future resource growth and feasibility studies.
