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S2 Resources Ltd.
Summary
| Project: | Paana | |
|---|---|---|
| Deposit: | Aarnivalkea | |
| Location: | Finland | |
| Commodities: | Gold | |
| Date: | 10/8/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-10-2019: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Aarnivalkea deposit at the Paana project. Drilling results incl. 1.81m @ 4.8g/t Au from 33.00m. S2 Resources Ltd (“S2” or the “Company”) advises that ongoing drilling has | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that ongoing drilling has intersected further gold mineralisation 80 metres northeast of the previously announced zone at its 100% owned Aarnivalkea gold prospect. Assay results are also awaited for several holes drilled directly along strike to the northwest and drilling is underway to test the depth extensions of the main zone. Drilling to follow up the high grade intercept at Aakenusvaara has also been planned, and grant of the Ruopas exploration licence application, containing a nickel-copper sulphide target, is still awaited pending resolution of an objection by one landowner. Assay results have been received from three holes drilled to the east of the main trend on a section 80 metres north of the holes announced on 26th September 2019. The westernmost of these, which is still well to the east of the main northwest trend, has intersected several zones of mineralisation including 0.96 metres @ 2.4 g/t gold from 24.73 metres, 1.81 metres @ 4.8 g/t gold from 33 metres (including 0.57 metres @ 14.5 g/t gold from 34.24 metres) and 4.49 metres @ 1.2 g/t gold from 38m in hole FAVD0047 located due north of previously reported hole FAVD0039. Assay results are still pending for the two holes drilled to the west of this hole, where the main mineralised trend is projected to strike through. These are expected during the next two weeks. To the north of this section the trend of the main zone project north-westwards beneath a swamp which is currently inaccessible. This will be drilled once the ground freezes during winter. Similarly, potential south-easterly strike extensions will be drilled as soon as the ground is sufficiently frozen to permit access. In the meantime, the rig has commenced drilling holes to test for down-dip extensions of the mineralisation defined to date. This drilling will proceed for several weeks and assay results from these holes are expected over the next month. | |
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