Dual Hemisphere Programmes Underway
S2 Resources Ltd (ASX:S2R) is undertaking gold and PGE analysis of nickel-copper anomalous soil samples at West Murchison and commenced a moving loop electromagnetic (MLEM) survey at Fraser Range in Western Australia.
On the other side of the world the company has received the results from the first half of the reconnaissance drilling programme at the Aarni’ East base of till (BOT) gold trend in Finland.
Executive Chairman, Mark Bennett, said laboratory analysis of the soil sampling recently undertaken at the company’s West Murchison project has identified a broad gold anomaly and a modest PGE anomaly broadly associated with the previously defined coincident nickel and copper anomaly.
Selected soil samples that were anomalous in nickel and copper were submitted for gold and PGE analysis, with results indicating the presence of a gold anomaly which is defined on two 400m spaced lines, is 500 m across at the 10ppb contour, and which remains open beyond the limit of sampling to the east.
Meanwhile, a rock chip sample collected from an isolated outcrop located approximately one kilometre to the west of the anomaly assayed 0.83g/t gold. Modest (<14ppb) platinum and palladium levels have also been confirmed semi-coincident with the nickel- copper anomaly.
Next steps at West Murchison include submission of the entire sample set for gold and PGE’s, the extension of soil sampling to the east to close off the anomaly, and the collection of further samples on infill lines between the current widely spaced (400m) lines to resolve the anomaly in greater detail.
At Fraser Range a moving loop electromagnetic (MLEM) survey is underway over deemed high priority parts of the company’s two granted Exploration Licences following the recognition of an “eye” like structure in the magnetic data.
The survey is expected to take another three weeks to complete, with results expected within two weeks of that.
Finland
Mr Bennett said assay results have been received for seven of the 13 reconnaissance holes drilled to test the Aarni’ East base of till (BOT) gold anomaly. These holes were drilled at very wide spacing and relatively shallow depths as a first pass test of the gold trend defined in BOT drilling.
The results indicate that the strongly altered and deformed shear zone intersected beneath the BOT anomaly contains numerous narrow zones of gold anomalism.
