- S2 Resources (S2R) is poised for a fresh round of drilling at its Polar Bear project in Western Australia
- Diamond drilling is set to begin in the next few days on Lake Cowan, a large salt lake, to test electromagnetic conductors identified in a survey undertaken in July
- S2R will also test repetitions and extensions of nickel sulphide mineralisation identified along a trend that hosts the Halls Knoll, Taipan and Gwardar nickel prospects
- The company expects this round of drilling to run through to early next year
- Shares in S2R are up 3.2 per cent trading at 16 cents at 2:41 pm AEDT
S2 Resources (S2R) is poised for a fresh round of drilling at its Polar Bear project in Western Australia.
Diamond drilling is set to begin in the next few days on Lake Cowan, a large salt lake, to test electromagnetic (EM) conductors identified in a survey undertaken in July.
While previous drilling on the lake was reportedly “disadvantaged” by a lack of reliable EM data, S2R used a SQUID system that identified a number of conductors it said are “well defined” and “compelling”.
These conductors have been found to be associated with strongly anomalous nickel, copper and platinum-palladium levels in previous aircore drilling and rock chip sampling.
The company expects this part of its drilling program to run through to early next year.
S2R has also designed the drilling program to test repetitions and extensions of nickel sulphide mineralisation identified along a trend that hosts the Halls Knoll, Taipan and Gwardar nickel prospects.
All of the planned targets have been cleared for drilling by heritage surveys and the company said all drill sites have been approved by the Western Australian Department of Mines, Industry Regulation and Safety.
Shares in S2R were up 3.2 per cent trading at 16 cents at 2:41 pm AEDT.