S2 Resources confirms mineralisation continuity at Nanook
THE DRILL SERGEANT: S2 Resources (ASX: S2R) has completed a broad-spaced 27 hole reconnaissance RC drilling program at the Nanook prospect, part of the company’s 100 per cent-owned Polar Bear project in the Eastern Goldfields of Western Australia.
The drilling was carried out with the aim of identifying various possible local bedrock sources for the extensive zone of gold hosted within gravels at the base of the Nanook palaeochannel.
To date results have been received for 16 holes, which S2R suggests has confirmed the continuity and thickness of gold mineralisation in gravels at the base of the Nanook palaeochannel, and extending into the weathered bedrock immediately beneath it.
Results from this zone include:
12 metres at 1.95 grams per tonne gold from 57m;
SPBC0291
5m at 1.64g/t gold from 58m;
SPBC0292
7m at 2.06g/t gold from 55m;
SPBC0293
5m at 1.25g/t gold from 53m; and
SPBC0296
8m at 1.43g/t gold from 53m.
“This drilling was undertaken with the assistance of the Western Australian Government’s Exploration Incentive Scheme, but further sole funded drilling is planned to continue to explore for the source of the palaeochannel gold,” S2 Resources explained in its ASX announcement.
“Prior to this, the RC rig will start follow-up drilling of the previously announced high-grade gold intersection at the Monsoon prospect (eg, 12m at 26.2g/t gold from 40m to EOH in SPBA3740).
“The rig is currently moving up to the Monsoon prospect, which is located six kilometres to the north of Nanook.”
Email: admin@s2resources.com.au
Website: www.s2resources.com.au