S2 Resources intersect narrow high-grade gold at Monsoon

/in /by

THE DRILL SERGEANT: S2 Resources (ASX: S2R) has received results from two diamond holes drilled at the Monsson prospect, part of the company’s Polar Bear project, located between Higginsville and Norseman, in Western Australia.

S2 Resources said the latest drilling was carried out to twin original high-grade gold intercepts encountered in RC holes SPBC0313 and SPBC0320 and reported in July.

In each case, the diamond twin holes were drilled approximately 3 to 5 metres from the collar position of the original RC hole.

Diamond hole SPBD0344, which twinned previous RC hole SPBC0313, intersected:

0. 5 metres at 2.88 grams per tonne gold from 78m;
0.5m at 29.4g/t gold from 132.5m; and
1m at 4.58g/t gold from 137.5m.

Diamond hole SPBD0345, which twinned previous RC hole SPBC0320, intersected:

0.4m at 0.83g/t gold from 72.5m;
1.5m at 27.6g/t gold from 85m;
0.7m at 0.8g/t gold from 87.7m; and
0.92m at 117g/t gold from 107.03m.

S2 Resources declared the latest drilling had given support to the company’s previously expressed view that the gold mineralisation at Monsoon appears to reside in discrete, narrow structures with highly variable grade.

The company added that the presence of both free gold and arsenopyrite also supports another previously expressed view of there being a component of nuggety free milling gold together with a component of refractory gold.

“Individual veins are narrow, have random orientations, and appear to be discontinuous, forming a nebulouszone best described as a stockwork, largely hosted by basalt close to the sub-vertical sheared basalt-shale contact,” S2 Resources said in its ASX announcement.

“Gold mineralisation appears to be associated with a smaller set of sheared quartz-arsenopyrite veins that dip steeply to the west, within and parallel to the overall shear foliation, and dipping in the same direction as the previous westerly directed follow up drilling.

“The location of the high-grade gold mineralisation and/or vein structures within the twin diamond holes is within the same overall mineralized interval as in the original RC holes, but the extent of each of these zones intersected in the diamond twin holes is much more restricted than the overall mineralized intercepts in the RC drilling.”

Website: www.s2resources.com.au