S2 Resources Scores High-Grade Hits in Finland

THE DRILL SERGEANT: S2 Resources (ASX: S2R) opened it Diggers & Dealers 2019 account with the announcement of assay results for the first 14 of 32 holes drilled during the first phase of reconnaissance diamond drilling at the company’s 100 per cent-owned Aarnivalkea gold anomaly in Finland.

S2 Resources said the drilling achieved its objective by confirming the presence of a shear zone system with hydrothermal alteration, widespread gold anomalism, and high-grade gold mineralisation.

Highlights included:

10 metres at 1 gram per tonne gold from 87m;

5.5m at 2g/t gold from 42m, including 0.7m at 6.7g/t gold and 1m at 5.3g/t gold; and

6m at 5.4g/t gold from 59m, including 4m at 7.8g/t gold.

Alongside these results, BOT drilling undertaken concurrently with the diamond drilling extended the Aarnivalkea anomaly to the south, identifying a parallel trend to the west of the main trend, with a best end of hole value of 2.17g/t gold.

S2 Resources explained the broad spacing of the holes it has drilled to date and the number of holes with assays still to come means it is too soon to identify specific hotspots for follow up so the rig has been moved to start drilling the Aakenusvaara gold prospect.

Once the remaining assays have been received the rig will commence follow up drilling which will comprise infill lines to tighten the spacing along strike, extensional lines to test the new BOT anomalies, and probe around the gold hotspots identified in phase 1.

The company expects the remaining assays will be received by mid-late August and that the rig will recommence drilling at Aarnivalkea by late August.

“Finland is a highly prospective but under-explored country and despite being only 25 kilometres away from Europe’s biggest gold mine, Aarnivalkea is completely unexplored, so these preliminary drilling results underpin the reason why we decided to explore there,” S2 Resources CEO Mark Bennett said in the company’s announcement to the Australian Securities Exchange.

“Our next milestone is the receipt of further assays from other holes completed, and we hope to build on these results over the coming weeks through our systematic program at Aarnivalkea whilst also progressing our other emerging gold and nickel prospects elsewhere in Lapland.”


Email: admin@s2resources.com.au

Website: www.s2resources.com.au