S2 Resources (ASX:S2R) - Executive Chairman, Mark Bennett
Executive Chairman, Mark Bennett
Source: Business News
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  • S2 Resources (S2R) has begun a 13-hole diamond drilling program at the Aarnivalkea gold prospect in Finland
  • The drilling aims to test a 1.1-kilometre strike below gold anomalism that was identified through a previous drilling program
  • The previous drilling returned high-grade gold including 11.8g/t gold and 18.1g/t gold
  • S2 Resources also plans to drill the compelling Ruopas Isovaara target which is believed to host anomalous nickel and copper
  • Company shares ended the day 3.45 per cent in the red to close at 14 cents

S2 Resources (S2R) has begun diamond drilling at the Aarnivalkea gold prospect in Finland.

The Aarnivalkea prospect, which is also referred to as the “Aarni” prospect, is located in the prospective Central Lapland Greenstone Belt (CLGB) in northern Finland.

The program will include 13 broad-spaced holes which will be drilled to a depth of between 250 to 400 metres. This drilling is aimed at testing a 1.1-kilometre strike below the gold anomalism that was identified during previous diamond drilling.

This previous program returned high grade intercepts which included 6.8 metres at 11.8 grams of gold per tonne from 223 metres including four metres at 18.1g/t gold, and 20.4 metres at 4g/t gold from 193.1 metres including 8.5 metres at 8.6g/t gold from 198 metres.

CEO, Matthew Keane, said he was pleased to kickstart the drilling program.

“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,” Mr Keane said.

It seems beginning this program may have faced delays due to the high demand for drill rigs in Finland.

“Securing a diamond rig in Finland has been challenging, leading to a long hiatus between programs. However, the high demand for rigs is a positive reflection of the CLGB’s gold and base metal prospectivity and escalating exploration success.”

S2 Resources also plans to drill the compelling Ruopas Isovaara target which contains a 280-metre-by-240-metre electromagnetic plate with anomalous nickel and copper.

This target is considered prospective for magmatic-style nickel-copper-platinum group element mineralisation and is located in the same belt as Anglo American’s multi-million-tonne Sakatti deposit.

Company shares ended the day 3.45 per cent in the red to close at 14 cents.

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