S2 Resources Receives First Bjurtraskgruvan Assay Results

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THE DRILL SERGEANT: S2 Resources (ASX: S2R) received assay results for the first three diamond holes drilled to test the down plunge continuation of known mineralisation at the Bjurtraskgruvan VMS deposit on the company’s 100 per cent-owned Skellefte project in Sweden.

S2 Resources said the three holes were drilled on a broad spacing to scope out the immediate strike and down plunge potential of the known near surface mineralisation.

Better intersections include:

SBJK170003
14.71 metres at 2.2 per cent zinc, 1 per cent copper and 5.4 grams per tonne silver from 176m, including 2.13m at 8.2 per cent zinc, 1.7 per cent copper and 8.5g/t silver from 177m;

SBJK170001
3.25m at 0.5 per cent zinc, 1.2 per cent copper and 5.4g/t silver from 185.1m, located 40m east along strike from hole SBJK170003; and

SBJK170002
3.06m at 1.3 per cent zinc and 9.7g/t silver from 21.3m, located 154m up dip of hole SBJK170003.

S2 Resources said that, based on the overall known geometry of the mineralisation, it has interpreted these intersections to be close to true width.

The company indicated the best intersection came from the last hole drilled (SBJK170003), which is the deepest point drilled to date, at a depth of approximately 150m below surface, some 330m down plunge from the outcropping mineralisation.

“The drilling outlines a VMS-style system that has a strike length of 260 metres, has a down plunge extent of at least 330 metres, and is open down plunge beyond this drilling,” S2 Resources said in its ASX announcement.

“Surface EM and down hole EM (DHEM) in SBJK170003 indicates the mineralisation continues down dip and down plunge.

“The mineralisation comprises an upper lens of pyrrhotite dominated massive sulphides containing sphalerite (zinc sulphide) and a subjacent structurally remobilised footwall stockwork zone of chalcopyrite (copper sulphide) veins and stringers.

“Several more holes have been planned to test down plunge of these intercepts as soon as the rig completes initial drilling at another target.”

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Website: www.s2resources.com.au