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S2 Resources Ltd.
Summary
| Project: | Skellefte | |
|---|---|---|
| Deposit: | Svan Vit | |
| Location: | Sweden | |
| Commodities: | Gold-Silver-Iron-Sulphur-Copper-Zinc | |
| Date: | 2/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2017: S2 Resources Ltd. announces an Exploration/Drilling Update report for its Svan Vit deposit at the Skellefte project. Drilling results incl. 1.65m @ 2.18% Zn, <0.15 Cu, 21g/t Ag, 0.6g/t Au from 218.55m. S2 Resources Ltd (“S2” or the “Company”) p | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Thompson (Internal) | |
| ABSTRACT: | S2 Resources Ltd (“S2” or the “Company”) provides an update regarding recent drilling at various targets at its Skellefte project in Sweden. Drilling of two regional VTEM targets (Udden 401, conductors 10 and 18) intersected barren pyrrhotite (iron sulphide) and shale. Drilling at the Svan Vit prospect has intersected several narrow (10-30cm) zones of sphalerite (zinc sulphide) mineralization where predicted by a down hole electromagnetic (DHEM)survey in a previous drill hole (see Figure 3). Assays for holes SSVT170005 and SSVT170006, drilled into the upper part of a downhole EM (DHEM) conductor and located approximately 25 metres west along strike from previous drilling, will not be available until March 2017, but visual inspection of these indicatesthatzinc, copper and lead grades are likely, at best, to be similar to those reported in the original Svan Vit drill hole SSVA160002 (see previous ASX report of 9 th May 2016) – namely narrow, and when averaged over a composited interval, low grade. The drill rig has now moved to the Bjurtraskgruvan prospect, where a second phase of ground-based moving loop electromagnetic (MLEM) surveying has extended the previously identified conductor some 200 metres along strike and 200 metres down plunge to the southwest beyond existing drilling (see Figure 4). | |
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