Mineralisation Remains Open In Finland
S2 Resources Ltd (ASX:S2R) has received further assay positive results for ongoing diamond drilling at its 100% owned Aarnivalkea (Aarni) prospect in the Central Lapland Greenstone Belt (CLGB) in northern Finland.
The current programme comprises very broad spaced scout drilling beneath a 1.3 km gold anomaly identified in previous shallow diamond drilling.
Three intervals or sub-intervals of high grade mineralisation (using a nominal 1.0g/t gold cut-off) were intercepted in hole FAVD0071, which include:
- 18.8 metres at 2.5g/t gold from 173.4 metres, including 7.9 metres at 5.2g/t gold from 173.4 metres, including 1.4 metres at 14.0g/t gold from 175.6 metres, and
- 8.2 metres at 3.6g/t gold from 253.9 metres, including 2.5 metres at 11.2g/t gold from 255.8 metres, including 0.8 metres at 32.2g/t gold from 255.8 metres, and
- 2.0 metres at 20.4g/t gold from 323.0 metres, including 1.2 metres at 32.3g/t gold from 323 metres
Mineralisation in hole FAVD0071 is located 112m south of an intercept of 6.8 metres at 11.8g/t gold in hole FAVD0062 and 125m north of hole FAVD0065 with intercepts of 5.8 metres at 2.7g/t gold and 5.6 metres at 3.1g/t gold.
The 8.2 metres at 3.6g/t gold in hole FAVD0071 sits at the base of a broad, 48 metres zone of lower grade mineralisation averaging 1.0g/t gold.
Assay results were also received for holes FAVD0067 to FAVD0070 with better intercepts listed below. No significant intercepts were recorded in hole FAVD0072 located at the southernmost end of the target area and assays are awaited for hole FAVD0073.
In broad spaced scout drilling, based on roughly 100 metre spaced lines over a 1.3 kilometre strike, Aarni’ mineralisation remains unconstrained and open in every direction.
A zone of higher grade mineralisation is clearly emerging in and around holes FAVD0062, FAVD0065 and FAVD0071, which currently extends over a 200 metre strike and is open to the north and south. While S2’s understanding of the controls on gold mineralisation is evolving, the higher grade zone may represent a moderate southerly plunging body.
CEO, Matthew Keane, said the current programme of deeper drilling is defining very wide lenses of stacked gold anomalism (grading 0.2g/t to 1.0g/t gold), which in several areas has concentrated into zones grading over 10g/t gold.
Diamond drilling is ongoing with the current hole (FAVD0074) being drilling roughly 40m southeast of hole FAVD0062.
For further information please visit: http://www.s2resources.com.au/
