- S2 Resources (S2R) intersects dispersed sulphides at its West Murchison Project in Western Australia
- Seven reverse circulation holes were drilled at the Woodarung target with the northernmost hole intersecting sulphides from 61 to 64 metres and 68 to 71 metres
- Handheld x-ray fluorescent (XRF) readings confirmed elevated nickel ranging from 0.20 to 0.76 per cent and copper ranging from 0.30 to 1.18 per cent
- Drilling is continuing with four holes planned for the Whitehurst target, targeting a nickel-copper-chrome soil geochemical anomaly
- S2R ends the day 5.71 per cent in the red with shares trading at 16.5 cents
S2 Resources (S2R) has intersected dispersed sulphides at its West Murchison Project in Western Australia.
The Murchison Project lies roughly 500 kilometres north of Perth and includes three exploration licences, covering an area of 693 square kilometres.
Seven reverse circulation (RC) holes, for 832 metres, were drilled as part of a co-funded drilling program under the Department of Mines, Industry Regulation and Safety (DMIRS) sponsored Exploration Incentive Scheme (EIS).
A thick sequence of mafic-ultramafic rocks was intersected at the Woodarung target, with the rocks believed to represent components of an intrusive magmatic complex.
The northernmost hole intersected two zones of sulphides from 61 to 64 metres and 68 to 71 metres.
Handheld x-ray fluorescent (XRF) readings confirmed elevated nickel ranging from 0.20 to 0.76 per cent and copper ranging from 0.30 to 1.18 per cent.
“West Murchison represents a conceptual greenfields project considered prospective for intrusive magmatic style nickel-copper-platinum group element mineralisation,” CEO Matthew Keane said.
“Confirmation that previously identified magnetic anomalies are associated with intrusive
mafic-ultramafic geology, coupled with the presence of nickel-copper bearing sulphides, goes a long way towards proving S2’s targeting model for the region.”
RC drilling is continuing with four holes planned for the Whitehurst target to target a nickel-copper-chrome soil geochemical anomaly.
Soil sampling in this area returned up to 685 parts per million nickel and 21 parts per billion platinum and palladium.
Further, an airborne electromagnetic survey is due to begin later this month over the Aubrey South and Yalgamine targets with previous soil surveys identifying anomalous nickel and copper.
S2R has ended the day 5.71 per cent in the red with shares trading at 16.5 cents in a $62.36 million market cap.