S2 Resources Identifies Gold-Silver Zones at Storgroven

THE DRILL SERGEANT: S2 Resources (ASX: S2R) received results from base of till drilling undertaken on the company’s 100 per cent-owned Skellefte project in Sweden.

S2 Resources said the drilling had been carried out at the Storgroven target within the Skellefte project and has identified two adjacent zones of gold-silver mineralisation, with seven base of till holes ending in mineralisation greater than one gram per tonne gold and 20g/t silver.

Peak end of hole assays returned 2.5g/t gold and 60g/t silver in the southern zone and 2.3g/t gold and 42g/t silver in the northern zone.

The company drilled 115 holes on a nominal 25 by 25 metre grid to follow up an anomaly it identified in earlier broad spaced (400 by 50m) reconnaissance base of till drilling.

S2 said the infill drilling outlined two zones of strong sericite-silicasulphide hydrothermal alteration with gold and silver anomalism or mineralisation at the end of numerous holes defining a broad gold-silver anomaly measuring 300 by 200m.

The southern zone measures 80m across at a greater than 0.5g/t gold contour and is open to the southeast, with the peak end of hole sample assaying 2.5g/t gold and 60g/t silver.

This zone also contains elevated zinc with the peak end of hole value being one per cent zinc.

“No prior drilling or prospect pitting is documented in this area, but it is not possible to verify this until the spring thaw,” S2 Resources explained in its ASX announcement.

“The nearest known historic diamond drilling and trenching is at the Aliden VMS deposit, located 450 metres to the south on S2’s ground.

“The first phase of diamond drilling to test the source of this mineralisation is scheduled to commence next week.

“Further infill and extensional base of till drilling is continuing.”


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