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S2 Resources Ltd.
Summary
| Project: | Polar Bear | |
|---|---|---|
| Deposit: | Monsoon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/24/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-10-2016: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Monsoon deposit at the Polar Bear project. Drilling results incl. 1.5m @ 27.6g/t Au from 85m. S2 Resources Ltd (“S2” or the “Company”) advises that results have been rec | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) advises that results have been received for two diamond holes drilled to twin the original high grade gold intercepts in RC holes SPBC0313 and SPBC0320 previously reported in the Company’s ASX announcement of 21st July 2016. In each case, the diamond twin holes were drilled approximately 3-5 metres from the collar position of the original RC hole. These results support the previously expressed view (see ASX announcements of 19th, 28th and 30th September 2016) that the gold mineralization at Monsoon appears to reside in discrete, narrow structures with highly variable grade, and the presence of both free gold and arsenopyrite (see Figure 1) also supports the previously expressed view (see ASX announcement of 28th September 2016) that there is a component of nuggety free milling gold together with a component of refractory gold. Individual veins are narrow, have random orientations, and appear to be discontinuous, forming a nebulouszone best described as a stockwork, largely hosted by basalt close to the sub-verticalsheared basalt-shale contact. Gold mineralization appearsto be associated with a smallerset ofsheared quartzarsenopyrite veins that dip steeply to the west, within and parallel to the overall shear foliation, and dipping in the same direction as the previous westerly directed follow up drilling. The location of the high grade gold mineralization and/or vein structures within the twin diamond holes is within the same overall mineralized interval as in the original RC holes, but the extent of each of these zones intersected in the diamond twin holes is much more restricted than the overall mineralized intercepts in the RC drilling. | |
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