Drilling Underway In Finland
S2 Resources Ltd (ASX:S2R) has commenced drilling at the company’s 100% owned Aarnivalkea gold prospect in the Central Lapland Greenstone Belt (“CLGB”) in northern Finland
The initial programme will include 13 250 to 400 metre deep, broad spaced holes designed as a first pass systematic test of approximately 1.1 kilometres of strike below the gold anomalism identified in previous shallow scout diamond drilling.
This programme follows recent success at Aarnivalkea, where the first two deep holes drilled under the mainzone of gold anomalism both returned high grade intercepts, some 575 metres apart. Intercepts from these two holes included:
• 6.8 metres at 11.8g/t gold from 223.0 metres, including 4.0 metres at 18.1g/t gold from 223.0 metres in FAVD0062
• 20.4 metres at 4.0g/t gold from 193.1 metres, including 8.5 metres at 8.6g/t gold from 198.0 metres in FAVD0064
“We are excited to be back on the ground at Aarni’. This program is still very much scout drilling and it will incorporate bold, long-distance step-outs from previous high grade intercepts. Securing a diamond rig in Finland has been challenging, leading to a long hiatus between programmes. However, the high demand for rigs is a positive reflection of the CLGB’s gold and base metal prospectivity and escalating exploration success,” CEO, Matthew Keane said.
He added that S2 is still in the early stages of understanding the controls on and continuity of the Aarnivalkea gold mineralisation.
Ruopas Isovaara diamond drilling
During the course of the Aarni’ programmr, S2 also plans to drill test the compelling Rupoas Isovaara target which contains a previously identified 280 metre by 240 metre electromagnetic (EM) plate with coincident anomalous nickel and copper in base of till (BoT) drilling. Isovaara is considered prospective for magmatic style nickel-copper-PGE mineralisation and is located in the same belt as Anglo American’s (AAL.LSE) giant Sakatti deposit (44.4Mt at 1.9% Cu, 0.96% Ni 1.46g/t PGEs).
Exploration commencing on Kinross farm-in blocks
Following the recent signing of a farm-in agreement, Canadian gold miner Kinross Gold has commenced exploration of the Palvanen/Mesi and Home blocks. Under the terms of the agreement, Kinross can earn up to 70% of one or both of these blocks by spending up to US$9.5 million over a six-year period.
Initial works will include airborne geophysics, mapping and surface sampling over broad areas, along with base of till (BoT) drilling on the granted Palvanen licence. The Palvanen/Mesi block is located just 4.2 kilometres southwest of Agnico Eagle’s 7.4Moz Kittilä gold mine. This block straddles the northeast-southwest orientated shear zone controlling Kittilä mineralisation and contains southern extensions of the Porkonen Formation which hosts the main gold deposits.
For further information please visit: http://www.s2resources.com.au/
