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S2 Resources Ltd.

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Summary

Project:

Polar Bear

Deposit:Nanook
Location:Australia
Commodities:Gold
Date:6/30/2016
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:30-6-2016: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Nanook deposit at the Polar Bear project. Clarification of 29 June announcement - new Figure 1, CP statement, and JORC Table 1. Please note the following amendments to th
Resources:(Resource, Inf.): 2.2Mt @ 1.2g/t Au for 84000oz Au contained at Nanook
CP/QP:[Overall Report]: John Bartlett (Internal)
ABSTRACT:Please note the following amendments to the announcement released to the ASX earlier today regarding exploration results at Polar Bear, which is in connection with exploration results in the same district as the Company’s previously announced mineral resources at Baloo and Nanook, whose locations were necessarily shown in Figure 1 of the announcement for purposes of context. 1. Figure 1 (below) replaces Figure 1 in the earlier announcement. The labels summarising the previously announced mineral resources at Baloo and Nanook have been expanded to differentiate between resource categories. 2. The Competent Persons statement (below) replaces that in the earlier announcement. This has been expanded to include the Competent Person responsible for the resource labels depicted in Figure 1. 3. Table 1 (below) replaces Table 1 in the earlier announcement. The sole change to Table 1 is in reference to the nature of core sampling. The original version of the table contained the phrase “not applicable” (but not why). The new table clarifies that this is not applicable because the samples are RC samples (as was stated in the text of the announcement) and not core samples.

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