- S2 Resources (S2R) intersects dispersed sulphides at its West Murchison project in Western Australia
- Seven reverse circulation holes were drilled on the Woodarung target, with the northernmost hole intersecting sulphides at 61-64 meters and 68-71 meters.
- Portable X-ray fluorescence (XRF) readings confirmed elevated nickel ranging from 0.20 to 0.76% and copper ranging from 0.30 to 1.18%
- Drilling continues with four holes planned for the Whitehurst target, targeting a nickel-copper-chromium soil geochemical anomaly
- S2R ends the day 5.71% 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 is located approximately 500 kilometers north of Perth and comprises three exploration permits, covering an area of 693 square kilometres.
Seven Reverse Circulation (RC) holes, for 832 meters, were drilled as part of a co-funded drilling program under the Exploration Incentive Program (EIS) sponsored by the Ministry of Mines, industry and security regulations (DMIRS).
A thick sequence of mafic-ultramafic rocks was intersected at the Woodarung target, the rocks representing components of an intrusive magmatic complex.
The northernmost hole intersected two sulphide zones at 61-64 meters and 68-71 meters.
Portable X-ray fluorescence (XRF) readings confirmed elevated nickel ranging from 0.20 to 0.76% and copper ranging from 0.30 to 1.18%.
“West Murchison represents a conceptual virgin field project considered prospective for intrusive mineralization of magmatic-style nickel-copper-platinum group elements,” said CEO Matthew Keane.
“Confirmation that previously identified magnetic anomalies are associated with
The mafic-ultramafic geology, together with the presence of nickel-copper sulphides, contributes greatly to proving the targeting model of S2 for the region.
RC drilling continues with four holes planned for the Whitehurst target to target a nickel-copper-chromium soil geochemical anomaly.
Soil sampling in this area has revealed up to 685 parts per million nickel and 21 parts per billion platinum and palladium.
Additionally, an airborne electromagnetic survey is scheduled to begin later this month over the Aubrey South and Yalgamine targets with earlier ground surveys identifying nickel and copper anomalies.
S2R ended the day 5.71% in the red with shares trading at 16.5 cents in a market cap of $62.36 million.