S2 Resources Reveals Gold-Arsenic Anomalies at Yeungroon Amid Drilling Delays
S2 Resources reports encouraging gold-arsenic anomalies from reconnaissance drilling at its Yeungroon project in Victoria, while drilling at Glenlogan in NSW faces delays. Assays from Fosterville are awaited, underscoring a busy exploration pipeline.
- Gold-arsenic anomalous trend confirmed at Yeungroon over wide spaced traverses
- Five significant gold intercepts identified in recent aircore drilling
- Glenlogan porphyry copper-gold drilling postponed to June due to access issues
- Fosterville reconnaissance aircore assay results delayed, expected in July
- Ongoing exploration across multiple projects with heritage and access clearances pending
Exploration Progress at Yeungroon
S2 Resources Ltd has released assay results from its initial reconnaissance aircore drilling at the Yeungroon project in central Victoria, where it is earning an 80% interest from Valkea Resources. The drilling targeted the O’Connors trend, a zone previously identified for its arsenic anomalies, which are often pathfinders for gold mineralisation in the region.
The recent program comprised 68 aircore holes over three widely spaced traverses, covering 4,586 metres. Notably, five holes returned significant gold intercepts, with anomalous values extending over at least 160 metres along the main arsenic trend. The gold mineralisation appears spatially associated with hydrothermal quartz veining and a major north-northwest trending structure, a geological setting reminiscent of prolific Victorian goldfields such as Fosterville and Bendigo.
Setbacks and Anticipation at Glenlogan and Fosterville
Meanwhile, drilling at the Glenlogan porphyry copper-gold project in New South Wales has been delayed due to temporary access constraints following recent rainfall and track resurfacing. The planned diamond drillhole, designed to test coincident geophysical anomalies indicative of porphyry-style mineralisation, is now scheduled to commence later in June. Glenlogan’s proximity to Newmont’s Cadia deposits adds strategic interest to this target.
At the Fosterville project in Victoria, assays from a recent reconnaissance aircore program targeting induced polarisation anomalies are pending, with results expected in July. This drilling aims to detect subtle arsenic, antimony, and gold anomalies in weathered rocks as a precursor to more detailed follow-up drilling.
Broader Exploration Strategy
S2 Resources continues to advance a diversified portfolio of projects, including polymetallic targets at West Murchison in Western Australia and concealed geophysical targets at Warraweena in New South Wales. The company emphasizes the importance of maintaining multiple exploration fronts to balance risk and opportunity, with future drilling contingent on heritage clearances and land access negotiations.
Overall, the Yeungroon results provide a promising early indication of gold mineralisation associated with arsenic anomalies, warranting further targeted drilling to refine and expand these zones. The delays at Glenlogan and Fosterville highlight the logistical challenges often faced in exploration but do not diminish the potential of these projects.
Bottom Line?
S2 Resources’ latest assays reinforce Yeungroon’s potential, but upcoming results and drilling schedules will be critical to sustaining momentum.
Questions in the middle?
- Will further drilling at Yeungroon confirm economically viable gold zones within the arsenic trends?
- How might the Glenlogan drilling delay affect the project’s timeline and investor sentiment?
- What will the pending Fosterville assay results reveal about the deeper chargeability anomalies?
