Promising Assays Returned From Latest Aarni Hole
S2 Resources Ltd (ASX:S2R) has received highly encouraging results from target generating soil geochemical surveys in Finland.
As part of S2’s ongoing tenement selection and target generation processes, several regional ionic leach geochemical surveys have been undertaken on S2’s extensive, yet largely untested Finnish tenure. Ionic leach soil sampling is a low-impact, ultra-low detection, selective geochemical method which was successfully used to vector in on the Aarnivalkea and Aarnivalkea East targets.
The latest round of soil sampling has produced encouraging geochemical anomalies on two of the company’s northernmost application areas, including Rovaselkä and Pahasvuoma
Drill Results
The company has also received promising assay results for the last hole completed in the current diamond drilling programme at its 100% owned Aarnivalkea (Aarni) prospect in the Central Lapland Greenstone Belt (CLGB) in Northern Finland.
Hole FAVD0073 recorded a best intercept of 2.0 metres at 9.4g/t gold from 303 metres. This hole is located to 114m south of drillhole FAVD0064, which included the previously reported intercept of 20.4 metres at 4.0g/t gold from 198m.
Deeper drilling at Aarni’ remains very sparce, with only 12 holes drilled over a 1.3 km strike length.
Aarni’ mineralisation remains unconstrained and open in every direction. The nearest holes to FAVD0073 are some 235m to the south and a further 112m to the north.
A zone of higher grade mineralisation is clearly emerging in and around holes FAVD0062, FAVD0065 and FAVD0071 in the south of Aarni’ and with this latest intercept from FAVD0073, a further higher grade zone could be developing in the north.
The current availability of diamond drill rigs in Finland is low as a result of heightened exploration activity in the CLGB following the discovery by Rupert Resources of the 4Moz Ikkari gold deposit, and due to a limited number of drill contractors operating in country.
S2 commenced the current drill programme using a local driller on a short-term contract, whist waiting for an international contractor to deploy a newly constructed rig to the project.
Since arriving, the new rig has incurred ongoing mechanical commissioning issues and was unable to complete its first hole (FAVD0074) to the designed target depth.
Consequently, this rig has been demobilised until such time that the company can assess results to date and consider alternatives.
For further information please visit: http://www.s2resources.com.au/
