S2 Resources reports a notable gold-arsenic-antimony anomaly from reconnaissance drilling at Fosterville, setting the stage for targeted follow-up exploration. Meanwhile, drilling at Glenlogan advances with assays pending, and Warraweena prepares for initial drill testing.
- Gold-arsenic-antimony anomaly identified at Fosterville with peak 0.78 g/t gold
- Anomalous zone open along strike, limited historic drilling on trend
- Second diamond drill hole at Glenlogan completed, assays awaited
- Porphyry intrusives intersected at Glenlogan show alteration but no sulphides
- Land access and permitting underway at Warraweena for planned drilling
Fosterville Exploration Breakthrough
S2 Resources Ltd has received assay results from its recent reconnaissance aircore drilling at the Fosterville project in Victoria, revealing a distinct zone of gold-arsenic-antimony anomalism. The highlight is a 3-metre intercept grading 0.78 grams per tonne (g/t) gold starting at just 9 metres depth, within a broader 18-metre zone averaging 0.19 g/t gold. This anomalous zone aligns with an induced polarisation (IP) chargeability anomaly and coincides with the interpreted northerly strike extension of the Fosterville fault system, a structure currently mined by Agnico Eagle further south.
Importantly, this zone remains open along strike, with only one historic reverse circulation hole drilled 1.6 kilometres to the north, which also intersected gold mineralisation albeit at greater depth. The presence of key pathfinder elements antimony and arsenic alongside gold suggests that the mineralising structures may still be active in this area. S2 plans to conduct further aircore drilling along strike to better define the anomaly’s extent, followed by deeper reverse circulation drilling to test the source of the IP anomaly beneath the surface geochemical signature.
Glenlogan Drilling Progresses with Assays Pending
At the Glenlogan project in New South Wales, S2 has completed its second diamond drill hole, reaching a depth of 798.3 metres. The hole was designed to test coincident IP chargeability and resistivity anomalies indicative of porphyry-style gold-copper mineralisation. The drill intersected porphyry intrusives exhibiting red rock and chlorite-epidote alteration, typical of such systems, but no significant sulphide mineralisation was observed to explain the geophysical anomaly. Selected core samples have been sent for assay, and results are awaited to guide next steps.
Warraweena Prepares for Drilling
Meanwhile, at the Warraweena project in New South Wales, S2 has secured land access agreements over selected targets and is progressing drill permitting. This groundwork paves the way for planned initial drill testing, signaling the company’s intent to advance multiple fronts in its exploration portfolio.
These exploration activities are underpinned by comprehensive geophysical surveys and historical data compilations, with S2 leveraging induced polarisation chargeability anomalies and magnetic signatures to vector towards prospective mineralisation. The company’s methodical approach, starting with wide-spaced reconnaissance drilling to identify surface geochemical anomalies before committing to deeper drilling, reflects a disciplined strategy to uncover new gold and copper resources in established mining regions.
While the Fosterville results are encouraging, the limited historic drilling along strike and the pending assays from Glenlogan mean that significant uncertainty remains. Nonetheless, the identification of a gold-bearing anomaly in a structurally prospective corridor near a major operating mine is a promising development that could add value if further drilling confirms continuity and grade.
Bottom Line?
S2 Resources’ latest drilling results open new avenues at Fosterville and Glenlogan, with upcoming assays and follow-up programs set to clarify the potential for significant discoveries.
Questions in the middle?
- Will follow-up drilling at Fosterville confirm a substantial gold resource along the fault system?
- What will the Glenlogan assays reveal about the porphyry intrusives and their mineralisation potential?
- How quickly can S2 advance drilling at Warraweena once permits are secured, and what targets will be prioritised?