S2 Resources Hits Encouraging Copper at Skellefte
THE DRILL SERGEANT: Leading up to the RIU Resources Roundup in Sydney, S2 Resources (ASX: S2R) let the market know of positive drilling and geophysical results at the Bjurtraskgruvan and Skaggtraskberget VMS prospects within the company’s 100 per cent-owned Skellefte project in Sweden.
S2 Resources has now completed six holes at the Bjurtraskgruvan VMS prospect with the most recent hole, SBJK170006, drilled 135 metres down plunge from an intercept of 14.71 metres at 2.2 per cent zinc, 1 per cent copper and 5.4 grams per tonne silver in SBJK170003 that was reported in March.
The company said SBJK170006 had intersected the thickest zone of copper mineralisation to date, intersecting a 24.4m thick zone grading 1.11 per cent copper from 220.7m, comprising remobilised veinlets of chalcopyrite, with several intervals of higher grade copper mineralization, including:
1.05m at 4.11 per cent copper, 0.65 per cent zinc and 19g/t silver from 221.5m; and
3.6m at 2.44 per cent copper and 11.5g/t silver from 224.3m.
“The new intersection is considered to be close to true width, and demonstrates that the Bjurtraskgruvan VMS system extends for at least 450 metres down plunge from its outcrop and remains open down plunge beyond this,” S2 Resources said inits ASX announcement.
“A down hole electromagnetic (DHEM) survey of SBJK170006 has identified a conductor centred approximately 30 metres to the east of the hole, which suggests that this intercept may be adjacent to more massive sulphides.”
S2 Resources also informed of an increase to its land position in both Sweden and Finland.
The company has applied for two large new exploration licences surrounding its granted exploration licences at Nasvattnet and Tjalmtrask in Sweden near Agnico Eagle’s emerging one million ounce Barsele gold project.
S2 has been increasing its tenure in the Central Lapland Greenstone Belt (CLGB) following the recent discovery of outcropping high-grade gold mineralisation at the nearby Aurora zone of the Risti gold prospect owned by TSXV-listed Aurion Resources.
S2 said this discovery had reaffirmed its view that the CLGB, which also contains Agnico Eagle’s eight million ounce Kittila gold mine, is a potentially highly endowed but under-explored gold province.
“S2 now has reservations, exploration licence applications and granted exploration licences covering approximately 1,030 square kilometres of the CLGB, and is in a strong strategic position in this emerging gold province,” the company said.
Email: admin@s2resources.com.au
Website: www.s2resources.com.au