S2 RESOURCES: OTHER HIGH-LEVEL INTERCEPTS IN AARNIVALKEA

S2 Resources Ltd. (“S2” or the “Company”) has received further assay results for ongoing diamond drilling on its 100% Aarnivalkea (“Aarni”) prospect in the Central Lapland Greenstone Belt ( “CLGB”) in the north Finland.

The current program includes very large reconnaissance drilling under a 1.3 kilometer gold anomaly identified in previous shallow diamond drilling. Three intervals or sub-intervals of high grade mineralization (using a nominal gold cutoff of 1.0 g / t) were intercepted in hole FAVD0071, which include: Mineralization in hole FAVD0071 is located at 112 meters south of an intersection of 6.8 meters at 11.8 g / t gold in hole FAVD0062 and 125m north of hole FAVD0065 with intersections of 5.8 meters at 2.7g / t gold and 5.6 meters at 3.1g / t gold.

The 8.2 meters grading 3.6 g / t gold from hole FAVD0071 lies at the base of a large 48-meter zone of lower grade mineralization averaging 1.0 g / t gold. Analysis results were also received for holes FAVD0067 through FAVD0070 with better intersections listed below. No significant intersection was recorded in hole FAVD0072 located at the southern end of the target area and analyzes are awaited for hole FAVD0073.

Mineralization of Aarni ‘

open in all directions As part of a wide-spaced reconnaissance drilling, based on lines spaced approximately 100 meters apart in a direction of 1.3 kilometers, the Aarni mineralization remains free and open in all directions . A zone of higher grade mineralization is clearly emerging in and around holes FAVD0062, FAVD0065 and FAVD0071, which currently extends 200 meters and is open to the north and south. As S2’s understanding of controls on gold mineralization evolves, the higher grade zone may represent a moderately southerly dipping body. What the current deeper drilling program defines are very wide lenses of stacked gold anomalies (grade 0.2g / t to 1.0g / t gold), which in several areas has been concentrated in zones grading more than 10g / t gold.

Contact:

Matthieu keane

Phone. : +61 8 6166 0240

Past exploration results reported in this announcement have been previously prepared and disclosed by S2 Resources Ltd. in accordance with the 2012 JORC. The Company confirms that it is not aware of any new information or data that materially affects the information included in these market announcements. The Company confirms that the form and content in which the competent person’s conclusions are presented here have not been materially changed from the initial market announcement.

Declarations of competent persons

The information in this report that relates to exploration results is based on information compiled by John bartlett, who is an employee and shareholder of the Company. Mr. Bartlett is a member of Australian Institute of Mining and Metallurgy (MAusIMM) and has sufficient experience in relation to the style of mineralization and the types of deposits considered, as well as with the activities undertaken, to qualify as a competent person as defined in the 2012 edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Mr. Bartlett consents to the inclusion in this report of material based on information in the form and context in which it appears.

(C) 2021 Electronic News Publishing, source ENP press wire


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