Ready To Drill Copper-Nickel-PGE Target At Isovaara
S2 Resources (ASX:S2R) has received notice that an objection to the grant of exploration permit ML2018:0065 has been dismissed by the Administrative Court of Northern Finland, and no further appeals have been lodged with the Supreme Administrative Court, allowing the permit to be granted.
This area, previously referred to as Ruopas 1, will henceforth be named Ruopas Isovaara. It is considered prospective for intrusive magmatic style nickel-copper-PGE mineralisation and contains a previously identified target comprising a well-defined electromagnetic (EM) conductor with coincident anomalous nickel and copper in base of till (BoT) drilling.
It is located in the same district that hosts Anglo American’s Sakatti nickel-copper-PGE deposit (44.4Mt at 1.9% Cu, 0.69% Ni and 1.46g/t PGE) and Boliden’s nickel-copper-precious metals Kevitsa mine (297.5Mt at 0.33% Cu, 0.23% Ni and 0.32g/t Au-Pt-Pd).
S2 is planning a diamond drill programme in the upcoming Finnish Summer at Isovaara. The initial focus will be on a well-defined nickel-copper target identified in an airborne VTEM survey and subsequently confirmed in a ground-based fixed loop electromagnetic (FLEM) survey.
This conductor comprises a large 280 metre by 240 metre plate plunging steeply to the northeast. It is coincident with a zone of anomalous nickel and copper identified in historic BOT drilling by the Finnish Geological Survey (the GTK). The BoT anomaly sits on a regional gravity high, indicative of underlying mafic / ultramafic geology.
Drilling at Isovaara will follow the next round of diamond drilling at the Company’s Aarnivalkea gold prospect, which aims to follow-up recent high grade gold intercepts 6.9m @ 11.8g/t gold, including 4.0m at 18.1g/t gold and 20.4m at 4.0g/t gold, including 8.5m at 8.6g/t gold.
These two holes are located 575 metres apart and represent the only two deep holes drilled to date under the main zone of anomalous gold mineralisation identified in shallow drilling.