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S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Baloo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-12-2016: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Baloo deposit at the Polar Bear project. Drilling results incl. 5.45m @ 3.3g/t Au from 378.75m. S2 Resources Ltd (“S2” or the “Company”) advises that ongoing diamond dril | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that ongoing diamond drilling beneath the Baloo gold deposit at its 100% owned Polar Bear project in Western Australia has intersected gold mineralization in two holes, confirming the down dip continuity of the deposit over a significant dip and strike extent beneath the resource (see ASX announcement dated 4 March 2016). The two new drillholes at Baloo are located between two previous widely (210 metre) spaced holes which intersected [email protected]/t and [email protected]/t gold in SPBD0351 and [email protected]/t and [email protected]/t gold in SPBD0349 (see ASX announcement of 22 November 2016). These intercepts confirm the presence of a 6-17m true thickness mineralized shear zone over a strike extent of at least 250 metres, some 100-200 metres below previous deepest drilling at Baloo and 100 and 150 metres below the current limit of the Baloo Mineral Resource (see Figures 1 and 2). This doubles the down dip extent of mineralization from previous drilling. | |
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