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:

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.

The post 3 ASX mining shares surging over 20% on Monday on big news appeared first on The Motley Fool Australia.

At the close of trade, Buxton Resources shares finished up 52.17% to 10.5 cents. That's after topping out at 13 cents, up a whopping 88%, just before midday.

What did Buxton Resources announce?

In its release Buxton Resources advised it has completed its compilation and verification of data for the Copper Wolf project.

As such, the company revealed that the site hosts large Laramide porphyry deposits extending over 4 x 1.5-kilometre areas. Historical resource estimates include a JORC (2007) inferred resource for a portion of the zone reported by Liontown Resources Limited (ASX: LTR):

• 108 Mt at 0.8% Copper (Cu) and 0.03% Molybdenum (Mo) for 864,000 tonne of contained copper metal plus 32,400 tonne of molybdenum metal
• 40.3 Mt at 1.4% Cu and 0.035% Mo to 564,200 tonne of contained copper metal plus 14,000 tonne of molybdenum metal

However, giving rise to the Buxton Resources share price was that the company's analysis was based on the historical estimate. It noted that about 74% of the above results lies within its tenure.

The project was previously hampered by a post mineral volcanic cover sequence. This places the mineralisation at a depth of between 400 metres to 550 metres below ground level.

Nonetheless, Buxton Resources highlighted that the project displays several positive attributes. They include excellent grades, further exploration potential, and low holding costs of around $20,000 per annum.

About the Buxton Resources share price

It's been a solid year for Buxton Resources shares, achieving gains of almost 70% for 2021. However, when zooming out, its shares have travelled close to 17% higher in the last 12 months. The company's shares reached a 52-week high of 15.5 cents in July, before profit-takers swooped in.

Based on today's price, Buxton Resources commands a market capitalisation of roughly $9.38 million, with approximately 136 million shares outstanding.

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