For thousands of other reports visit RSC's Mineral Intellingence Map
S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Monsoon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/21/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-7-2016: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Monsoon deposit at the Polar Bear project. Drilling results incl. 66m @ 11.4g/t Au from 74m. S2 Resources Ltd (“S2” or the “Company”) advises that first RC (reverse circu | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that first RC (reverse circulation) drilling at the Monsoon prospect hasintersected significant high grade gold mineralization to the north of and below high grade gold intercepts in previously reported aircore drilling. Ten RC holes were drilled and those that intersected significant gold mineralization together with the previous aircore drill intersections collectively define a zone of gold mineralization which is interpreted to be steeply dipping and north plunging. The Monsoon prospect is located within the Company’s 100% owned Polar Bear project in Western Australia and remains open along strike and down plunge to the north. All RC drill intercepts are listed in Annexure 1. Some of the individual constituent samples within selected intersections are very high grade and indicate the presence of coarse (“nuggety”) gold, which is consistent with that seen in the previous aircore drilling at Monsoon and Nanook, and in recent gravity recovery metallurgical testwork at Baloo (see ASX announcement of 20th July 2016). Therefore, where applicable, the gold intersections summarized below are quoted both as “uncut” (using the actual assayed grades for each sample within the selected interval) and “cut” (where samples grading greater than 30g/t gold within the selected interval are arbitrarily capped at 30g/t gold) to demonstrate the potential impact of the presence of coarse gold. Note that the widths quoted are downhole widths because true widths cannot be reliably estimated at this time. However, on the basis of the current interpretation of the geometry of the mineralization and the angle of drilling it appears that the true width of the mineralization may be approximately half that of the downhole widths quoted, but this may be subject to change once further drilling provides more information. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report