Successful Follow Up Of Shallow Gold Find In Finland
S2 Resources Ltd (ASX:S2R) has received promising assays for three of four diamond holes drilled in its October 2020 to test for extensions to the shallow gold mineralisation previously drilled by the company at its 100% owned Aarnivalkea prospect in Finland.
The objective of this programme was to test down-dip and down-plunge extensions to known mineralisation. Hole FAVD0062 returned the best gold intercept at the project to date with 6.85m at 11.8g/t gold from 223m downhole, including 4.0m at 18.1g/t from 223m downhole
Further encouraging intercepts in other holes from the programme included: 5.96m at 1.1g/t gold from 245.6m downhole; 1.20m at 3.6g/t golf from 211.8m downhole; and 2.60m at 1.0g/t gold from 343.7m downhole.
“This high-grade result reinforces S2’s view of the prospectivity of our tenure in the Central Lapland Greenstone Belt,” CEO, Matthew Keane, said.
“Aarnivalkea is a virgin gold discovery, completely masked by shallow glacial cover and located only 24 kilometres from Kittilä, Europe’s largest producing gold mine. Lapland remains an integral part of S2’s portfolio, and in addition to following up on these gold results, we also plan to commence base metal exploration in 2021 on our 100% owned Ruopas Project.”
S2 discovered the mineralised gold trend at Aarnivalkea in 2019 in an area under shallow glacial cover and previously unexplored.
The discovery followed a systematic regional targeting approach comprising sequential ionic leach geochemistry, structural interpretation of geophysics and base of till (BOT) drilling. Follow-up broad spaced reconnaissance diamond drilling defined a broad zone of basement mineralisation over a ~1,200m strike extent.
In October 2020, the company drilled four very widely spaced diamond holes to test for a range of possible down-dip and down-plunge extensions to the gold mineralisation defined in the earlier shallow drilling. Assay results for three of the four holes have been received, all intercepting gold mineralisation. The strongest mineralisation was intersected on the central section line 7,551,840mN, some 110m downdip of the previous deepest intercept on the same lode. This interval comprises 6.85m at 11.8g/t gold in hole FAVD0062.
