Warraweena Exploration Risks Mount as S2 Targets Complex Gold and Base Metals System
S2 Resources is set to begin diamond drilling within weeks at its Warraweena project in northern New South Wales, following promising historical drill results and an ongoing gravity survey extension. The project targets multiple mineralisation styles, including gold, copper, nickel, and base metals.
- Drilling scheduled to start in 2-3 weeks targeting gold and base metals
- Follow-up gravity survey underway to refine and expand drill targets
- S2 earning up to 80% interest in Oxley Resources tenement EL9269
- Historical holes show significant gold, arsenic, lead, zinc, and silver anomalies
- Project covers extensive ground with multiple exploration licences held 100% by S2
Exploration Momentum Builds at Warraweena
S2 Resources Ltd has announced the commencement of active exploration at its Warraweena project in northern New South Wales, a region that until recently has remained largely underexplored due to extensive geological cover. The company plans to begin diamond drilling within the next two to three weeks, focusing on selected targets identified through a detailed gravity survey completed last year and now being extended.
The Warraweena project is strategically positioned over a complex geological setting that may represent extensions of significant mineral provinces such as the Macquarie Arc, the Thomson Orogen, and the Cobar Basin. These areas are known for hosting world-class deposits of copper, gold, and base metals. S2’s exploration is supported by a farm-in agreement with Oxley Resources, allowing S2 to earn up to an 80% interest in the key tenement EL9269, while also holding 100% ownership of adjacent licences.
Historical Data Provides Encouraging Proof of Concept
Historical drilling conducted primarily in the 1980s by North Broken Hill (NBH) has yielded significant anomalous mineralisation, despite most holes failing to penetrate the thick transported cover. Notably, one hole (DDHT-37) intersected 4 metres grading 0.75 to 1.1 grams per tonne gold with elevated arsenic levels, accompanied by intense hydrothermal alteration and sulphide mineralisation. Another hole (DDHT-17) revealed base metal mineralisation with lead, zinc, and silver values, reinforcing the prospectivity for polymetallic deposits.
These findings, combined with recent government-sponsored heavy mineral concentrate sampling that identified the highest nickel, copper, and zinc grain counts in Australia within the project area, underpin S2’s confidence in the potential for multiple deposit types. Targets include porphyry copper-gold systems, iron oxide copper-gold (IOCG) diatremes, magmatic nickel-copper-PGE intrusions, and Cobar-style base metal deposits.
Expanding Geophysical Coverage and Ground Holdings
Building on the initial gravity survey that covered a 55-kilometre strike length, S2 has commenced a follow-up survey to extend coverage and better define drill targets. The company is also expanding its tenure with a new exploration licence application (ELA6941) that includes one of the few historical drill holes that successfully tested basement rocks beneath the cover.
Access logistics and permitting are underway, with field crews scouting drill sites in preparation for the upcoming drilling campaign. The exploration licences are in good standing, and land access agreements are being secured with local landowners, ensuring compliance and community engagement.
A Project with Multiple Mineralisation Styles and Significant Upside
The Warraweena project’s geological complexity and cover present both challenges and opportunities. While the thick sedimentary and alluvial cover has historically limited exploration success, it also means the area remains a frontier with untested potential. S2’s multi-target approach, leveraging geophysical anomalies and historical data, aims to unlock this potential across a range of deposit styles.
With drilling imminent, the market will be watching closely for assay results that could validate the early indications of gold and base metal mineralisation. Success here could significantly enhance S2’s resource base and position in the competitive Australian exploration landscape.
Bottom Line?
As S2 Resources prepares to drill, Warraweena stands at the cusp of potentially transformative discoveries that could reshape the company’s growth trajectory.
Questions in the middle?
- Will the upcoming drilling confirm the historical gold and base metal anomalies at depth?
- How effectively will the extended gravity survey refine target prioritisation for subsequent drilling phases?
- What are the implications of the multiple mineralisation styles for potential resource development strategies?
