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S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Baloo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Baloo deposit at the Polar Bear project. Drilling results incl. 11.9m @ 1.3g/t Au from 399m. S2 Resources Ltd (“S2” or the “Company”) advises that reconnaissance diamond | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that reconnaissance diamond drilling beneath the Baloo gold deposit at its 100% owned Polar Bear project in Western Australia has intersected gold mineralization in two widely spaced holes at a significant distance beneath previous deepest drilling and also beneath the previous limit of the Baloo Mineral Resource estimate (see ASX announcement dated 4 March 2016). These holes will be followed up with more closely spaced drilling with the aim of determining the presence of coherent zones of greater width and/or higher grade. The new intercepts define a steeply east dipping mineralized shear zone which plunges to the south for at least 600 metres (see Figure 1 and 2). The more strongly mineralized intercepts comprise broad zones of intense small scale quartz veining and the gold, like elsewhere at Polar Bear, appears to be nuggety, resulting in narrow high grade intercepts within broader more diffuse lower grade envelopes. The aim of this drilling was to scope the extent of mineralization and also define any sweet spots (greater grade and/or width) to vectorin on discrete “shoots” within the overallshearzone. The drilling has confirmed that the mineralized shearzone is extensive, and the results suggest there may be more strongly mineralized shoots within this. Drilling isstill very widely spaced so the nextstage isto tighten up the drillspacing to nominal 80 metre centres and then, if warranted, 40 metre centres. | |
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