While this is positive, it is nothing compared to some of the gains that are being recorded on the market today.

Two ASX mining shares that are exploding higher are listed below. Here's why they are on fire today:

Battery Age Minerals Ltd (ASX: BM8)

The Battery Age Minerals share price has continued its stellar run and is up 22% to 70 cents. Investors have been buying this lithium explorer's shares since it re-listed on the Australian share market earlier this week. The company's shares are now up 75% since raising $6.5 million and re-listing at 40 cents per share.

Battery Age Minerals has secured a diversified project portfolio to reposition as an international explorer focused on future-facing commodities. One of its key assets is the Falcon Lake Lithium Project in the Thunder Bay mining jurisdiction of north-western Ontario, Canada.

Tennant Minerals Ltd (ASX: TMS)

The Tennant Minerals share price has returned from a trading halt and is up 20% to 4.1 cents.

Investors have been scrambling to buy this mineral exploration company's shares following the release of a drilling update. That update reveals that thick, true-width, intersections of high-grade copper and gold have been identified at the Bluebird discovery of the Barkly Project in Western Australia.

Management notes that these drilling results highlight the potential to expand the Bluebird discovery, which remains open in all directions.

It also points out that the find is towards the eastern edge of the richly-endowed Tennant Creek Mineral Field (TCMF), which produced over 5Moz of gold and over 500kt of copper from 1934 to 2005.

The post 2 ASX mining shares rocketing over 20% today appeared first on The Motley Fool Australia.

Shares of the copper and gold exploration company trade for 4.6 cents and are up 15% for the day. Tennant Minerals shares previously closed for 4 cents each.

Meanwhile, the S&P/ASX 200 Materials Index (ASX: XMJ) is in the red today, losing 2%.

Let's go over the highlights of the discovery.

What did Tennant Minerals discover?

Drilling found "exceptionally high-grade copper-gold sulphide intersections". This included significant deposits of chalcocite containing copper grades up to 54.5% purity and gold grades of approximately 39 grams per tonne.

Tennant Minerals chair Matthew Driscoll commented on the discovery:

The latest thick and high-grade copper and gold intersections from our Bluebird diamond drilling program are a real breakthrough. The recognition that the majority of the high-grade copper mineralisation is in sulphides has given impetus to our down hole EM program, to detect extensions to this high-grade copper-gold discovery. We have also commenced an IP geophysical survey over Bluebird to fingerprint the copper sulphide mineralisation, which will help us prioritise the up to 12 geophysical targets within the Bluebird-Perseverance Target Zone for drill-testing. This will give us even more confidence that Bluebird is just one of several high-grade copper and gold deposits awaiting discovery within the Company's broader Barkly Project.

Assay results are pending for two more completed holes, as drilling intersected hematite and visible copper sulphide mineralisation.

The price of gold is down 0.38% today, while copper is up 0.7%, according to Markets Insider.

Tennant Minerals share price snapshot

The Tennant Minerals share price is up 31.4% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 9.66% over the same period.

The company's market capitalisation is $28.36 million.

The post This ASX mining share is soaring 15% on a 'breakthrough' discovery appeared first on The Motley Fool Australia.