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S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Gwardar | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 7/22/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-7-2019: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Gwardar deposit at the Polar Bear project. Drilling results incl. 17.83m @ 0.69% Ni, 0.05% Cu from 183m. S2 Resources Ltd (“S2” or the “Company”) advises that it has inte | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that it has intersected more nickel sulphide mineralisation down plunge from that originally drilled by S2’s predecessor company, Sirius Resources, north of the Taipan prospect, in an area now termed the Gwardar prospect. Three diamond holes and one reverse circulation (RC) re-entry hole were drilled to test beneath low grade nickel sulphides previously intersected in Sirius’ RC drilling (refer to Sirius’ ASX announcement of 29th October 2014). These holes were designed to locate the down plunge extension of the ultramafic lava channel hosting these sulphides. The central of the three diamond holes, SPBD0360, identified the down plunge extension of the lava channel and intersected nickel sulphide mineralisation in three zones. The mineralisation intersected at the Gwardar prospect indicates the presence of a substantial east dipping, south plunging lava channel, similar to those known at Kambalda and Widgiemooltha, and heavily pregnant with nickel sulphides (see Figures 1 and 2). The presence of cloud, disseminated and blebby sulphides in the main flow, massive sulphides on its basal contact, and remobilised sulphides injected for a distance of 25 metres below the basal contact is considered encouraging. In addition, a second ultramafic unit with observed magmatic sulphides was intersected within the footwall sequence in hole SPBD0362 is considered encouraging as it may represent a footwall embayment like those known to host mineralisation at Kambalda and Widgiemooltha. | |
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