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S2 Resources Ltd.
Summary
| Project: | South Roberts | |
|---|---|---|
| Deposit: | South Roberts | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2018: S2 Resources Ltd. announces an Exploration/Drilling Update report for its South Roberts deposit at the South Roberts project. Drilling results incl. 1.65m @ 0.17ppm Au from 491.7m. S2 Resources Ltd (“S2” or the “Company”) provides the following | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Bartlett (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) provides the following update regarding the results from its exploration programs in Nevada. Assay results have been received from the initial reconnaissance diamond drilling program completed in April/May to test a concealed gold target at the South Roberts project in Nevada, USA. Three holes were drilled into the crest of a concealed anticline as interpreted from two controlled source audiomagnetotellurics (CSAMT) survey lines (see Figure 1). Although favourable host rocks were intersected in the predicted position, no significant gold mineralization was intersected, with the best result being 1.65 metres @ 0.17g/t gold from 491.7 metres in hole NSRD0001, associated with a zone of strong brecciation and carbonate veining within dolomite. As stated in S2’s ASX announcement of 25 th April 2018, the prime objective was to test multiple target horizons associated with specific favourable stratigraphic units (see Figure 2) located in the crest of an anticline, as follows. All three holes intersected the Webb Formation-Devils Gate Limestone contact confirming the presence of an anticline. Holes NSRD0001 and NSRD0003 both intersected zones of collapse breccia textures, decalcification and minor silicification, with anomalous arsenic, antinomy and mercury (maximum values of 491 ppm, 38 ppm and 2ppm respectively). These results may represent a distal signature of Carlin style mineralization on this contact away from the drill holes. In drillhole NSRD0002, the contact between the Webb Formation and Devils Gate has been disrupted by later faulting and no anomalous results were present. | |
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