Commences Drilling And Survey Campaigns Across A Range Of Projects
S2 Resources Ltd (ASX:S2R) has kicked off a new exploration campaign on multiple fronts on the company’s Western Australian projects.
This includes drilling programmes in the Fraser Range (nickel-copper-cobalt) and the Jillewarra Joint Venture (gold-base metals).
CEO, Matthew Keane, said early geochemical and electromagnetic (EM) surveys are also planned for the West Murchison and Three Springs projects, both located along the western margin of the Yilgarn Craton which is considered prospective for Julimar-style PGE and base metal mineralisation.
“It is exciting to be increasing our on ground activities in Australia, particularly in the Fraser Range, where this team made the province-defining Nova-Bollinger nickel-copper-cobalt discovery in 2012 as Sirius Resources,” Mr Keane said.
“At Jillewarra, we can earn a majority interest in an underexplored greenstone belt with known gold mineralisation. To attain control of a consolidated belt, adjacent to the Mt Magnet and Meekatharra mining camps, which have a +20Moz gold endowment, is a rare opportunity.”
Diamond drilling is underway to test a compelling moving loop electromagnetic (MLEM) anomaly detected on the company’s exploration licence E28/2792 in the Fraser Range.
Modelling by Newexco geophysical consultants identified a discrete, highly conductive elongate rectangular body which dips steeply west over a vertical interval of 160m and plunges to the northeast over a distance of 800m. The up-dip and up-plunge tip of this body commences at a depth of circa 200m below surface and deepens down plunge to the northeast.
As there is no surface outcrop, the geology of the underlying bedrock is unknown and transported cover is likely to render geochemical soil surveys ineffective. There are a number of features of the conductor that S2 considers encouraging, including:
- The conductor sits within an interpreted corridor of mafic and ultramafic intrusives known to host nickel-copper sulphide occurrences
- The presence of an “eye” feature within the magnetics that may indicate the presence of interference folded mafic-ultramafic intrusive rocks, similar to Nova
- A highly conductive, late time anomaly, indicative of a bedrock source
- The discrete nature of the conductor with limited down-dip extent which is more typical of a constrained source rather than a regionally extensive stratigraphic conductor
An initial 1,200m diamond drill programme has been planned which will likely be followed up with downhole electromagnetic (DHEM) surveys.