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S2 Resources Ltd.
Summary
| Project: | Ecru | |
|---|---|---|
| Deposit: | Ecru | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-2-2019: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Ecru deposit at the Ecru project. Drilling results incl. 3.66m @ 1.65g/t Au, 9.7g/t Ag from 99.06m. S2 Resources Ltd (“S2” or the “Company”) provides the following update | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) provides the following update regarding the results from its initial stratigraphic drilling at the Ecru project in Nevada. Two holes were drilled with the combined objectives of: determining the thickness of the less prospective upper plate sequence; determining the depth to the more prospective lower plate carbonate sequence, collecting preliminary data on the geochemistry and alteration within this sequence; and testing two geophysical anomaly scenarios, namely an audiomagnetotelluric (AMT) conductivity high coincident with a gravity high, and an AMT low coincident with a gravity low adjacent to interpreted intersecting structures which may have acted as a conduit for mineralizing fluids (see S2 December Quarterly Report, dated 29 January 2019). Hole NECD001 intersected a number of narrow low grade gold-silver intervals, with a best result of 3.66 metres @ 1.65 g/t gold and 9.7 g/t silver from 99.06 metres, including 1.22 metres @ 3.4 g/t gold and 3.6 g/t silver (see Annexure 1 for full summary of drill results, and Figures 1 and 2). The intervals of elevated gold and silver occur in zones of brecciation, silicification and overprinting argillic alteration, within broader haloes of antimony, arsenic, mercury, copper, zinc, molybdenum and tellurium anomalism. This multi-element association is similar to that at Barrick’s 2.7 million ounce Robertson gold deposit, located immediately south of the Ecru project, which is reported to be an intrusion related gold-silver skarn deposit (refer to Coral Gold’s NI43-101 report of January 2012) (Figure 3). As stated in S2’s December Quarterly Report (29th January 2019), neither hole successfully penetrated into the more prospective lower plate carbonate sequence beneath the upper plate siliciclastic sequence, but hole NECD0001 intersected a 229 foot (83 metre) thick section of limestone and calcareous mudstones within the siliciclastic sediments. It is not yet known if this represents part of the upper plate siliciclastic sequence, or a thrusted wedge of prospective lower plate carbonates structurally interleaved into the upper plate sequence. Samples will be submitted for biostratigraphic age dating using micro-fossils in order to clarify the stratigraphy and the potential for such structural repetition and interleaving of upper and lower plate rocks. | |
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