THE DRILL SERGEANT: S2 Resources (ASX: S2R) declared a possible gold discovery at the company’s Aakenusvaara gold prospect in Finland.
S2 Resources advised the market that it had intersected numerous zones of sulphides, alteration and brecciation in the first seven diamond holes it has drilled down dip and along strike from historic gold intercepts at the Aakenusvaara gold prospect.
The company indicated it was now waiting on assays for these intercepts, which it explained are visually similar to those in limited historic near surface drilling undertaken by Outokumpu.
Aakenusvaara is located three kilometres along strike from the Outokumpu’s former Saattopora mine, where copper-gold mineralisation was also associated with visually similar breccia zones and veins of pyrrhotite, pyrite, chalcopyrite, quartz, carbonate and strong albite alteration.
While waiting for the results for the Aakenusvaara holes, S2 will move the rig back to start a phase 2 reconnaissance program.
The phase 2 reconnaissance program at Aarnivalkea will tighten the current broad (320 metre) line spacing, follow up better intercepts from phase 1, and test some of the new base of till gold anomalies identified along strike and to the west of the main trend at Aarnivalkea.
“The optionality afforded by having these two drill-stage prospects in a district otherwise unexplored by Australian standards enables logistical flexibility and continuing momentum,” S2 Resources said in its ASX announcement.
“Both prospects are accessible all year round with the exception of some swampy areas at Aarnivalkea (best drilled in winter) and a seasonal environmental exclusion zone covering part of the Aakenusvaara prospect (with restricted access in spring/early summer).”