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S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Gwardar | |
| Location: | Australia | |
| Commodities: | Nickel-Copper | |
| Date: | 8/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-8-2019: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Gwardar deposit at the Polar Bear project. Drilling results incl. 5.70m @ 0.57% Ni, 0.07% Cu from 248.90m. S2 Resources Ltd (“S2” or the “Company”) advises that it has com | |
| 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 completed the first phase of reconnaissance diamond drilling at its 100% owned Aarnivalkea gold anomaly in Finland, and has received assay results for the first 14 of 32 holes drilled. These intercepts are on two lines 560 metres apart, with assay results for the intervening line of holes awaited. The results are considered highly encouraging given that this is the first phase of a broad reconnaissance program designed to confirm the presence of a shear zone, and to test for gold anomalism. The drilling is very wide spaced (fences spaced at intervals of 240-320 metres) and relatively shallow in nature (most holes 80-90 metres depth) making it particularly pleasing that both objectives have been achieved (see Figure 1). Gold anomalism/mineralisation is mainly associated with interpreted steep easterly dipping zones of intense shearing and alteration within and at the contacts of basalts and dacitic porphyries(see Figure 2). | |
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