S2 Resources confirms gold mineralisation continuity at Baloo

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THE DRILL SERGEANT: S2 Resources (ASX: S2R) reported that ongoing diamond drilling being undertaken beneath the Baloo gold deposit at the company’s 100 per cent-owned Polar Bear project in Western Australia has intersected gold mineralisation in two holes.

S2 Resources claims the results confirm the down dip continuity of the deposit over a significant dip and strike extent beneath the Resource.

The company explained the two new drillholes at Baloo are located between two previous widely (210 metre) spaced holes which intersected:

SPBD0351
6 metres at 2.23 grams per tonne gold and 8.4m at 1.63g/t gold; and

SPBD0349
11.9m at 1.3g/t gold and 0.9m at 44.1g/t gold.

The new intersections comprise:

SPBD0352
7m at 2.36g/t gold from 369m and 5.45m at 3.3g/t gold from 378.75m, located 40m north and up plunge of previous hole SPBD0349, and 100m south and down plunge of;

SPBD0353
3.15m at 3.45g/t gold from 303.15m, located 100m north and up plunge of SPBD0352, and 80m south and down plunge of previous hole SPBD0351.

“These intercepts confirm the presence of a 6 metre to 17 metre true thickness mineralised shear zone over a strike extent of at least 250 metres, some 100 to 200 metres below previous deepest drilling at Baloo and 100 to 150 metres below the current limit of the Baloo Mineral Resource,” S2 Resources said in its ASX announcement.

“This doubles the down dip extent of mineralisation from previous drilling.”

Email: admin@s2resources.com.au

Website: www.s2resources.com.au