Sean K
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Even gold and silver getting clobbered. Nothing will escape.
Tomorrow would be a nice day to go on a winery tour without the phone.
S2R - S2 Resources
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Even gold and silver getting clobbered. Nothing will escape.
Tomorrow would be a nice day to go on a winery tour without the phone.
Sean K
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Sean K
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Nope
But, sellers left the register at 6c and new buyers are happy with the run since then.
that's the labs though isn't it? what about what's seen beforehand?
Sean K
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I suppose there could be some insider trading.
Fosterville drilling completed last weekend they are testing 2 out of 3 anomaly's identified by new dipole dipole induced polarisation (DDIP) anomalies identified in early March....
Drilling is being undertaken on farmland with particular focus on leaving no impact on paddocks, with closed circuit water management, removal of drill cuttings and samples from site, and real-time rehabilitation of drill hole collars and pads (see Figure 3).
These anomalies are considered gold targets because they may indicate the presence of disseminated sulphides, which form as alteration zones around discrete gold mineralised lodes. Such disseminated sulphides haloes are known to occur around the gold mineralised lodes at the Fosterville mine itself, where they also manifest as DDIP chargeability anomalies over known mineralisation, as shown in work undertaken by the previous owners of the mine, Kirkland Lake, in what is now public domain data (refer to S2 ASX announcement of 16 February 2023). The newly defined DDIP chargeability and resistivity anomalies are also located in a favourable geological position, directly associated with the interpreted northerly extensions of the key faults that host gold mineralisation at the Fosterville mine, and at S2’s Blackadder prospect (refer to S2 ASX announcement of 24 June 2024 and Figures 1 and 2).
Following the completion of this initial aircore program, the team will move to the Glenlogan project in New South Wales, where S2 is earning up to an 80% interest from Legacy Minerals. Diamond drilling of a copper-gold porphyry-style target comprising coincident chargeability, resistivity and conductivity anomalies (refer to S2 ASX announcement of 17 February 2025) is scheduled to commence in late April and proceed throughout May.
chart update
After the Double bottom played out perfectly a Rectangle chart consolidation pattern is taking place with a 0.125c target price which should be enough for me to take out 1st place in the April tipping comp and the assay from Fosterville and Glenlogan shortly afterwards enough to run away with the May comp....GL
Garpal Gumnut
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Great posts @Kyngdom . All the best with S2R. A 22% gain this calendar month has you in 3rd place in the ASF competition. I must look at it more closely.
gg
gg
Sean K
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They should have finished the first holes 2 weeks ago so results in 1-2 weeks. If they had have hit visible sulphides perhaps there'd be a tick up or they've got a tight ship.
They're only doing AC drilling which is pretty limited, but I suppose they're trying to conserve cash until they get a better indication of what might be there to follow up with RC or DD.
Not expecting too much.
If they had have hit visible sulphides perhaps there'd be a tick up or they've got a tight ship.
"The drilling penetrated varying depths of the Murray Basin cover sequence and identified basement geology of sandstones and shales which are the preferred host to gold mineralisation in Victoria. Zones of hydrothermal quartz veining were identified in a number of holes but it is not possible to know whether these are mineralised or barren until assay results are received."
Sean K
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That's not Fosterville.
No comments on the Fosterville holes except the assays are due mid-May. Imminent.
it's trading like it's generally known the upcoming results are a disaster
Upcoming results due.....
Air Core - Assay Results still pending Yeungroon still in the North Bendigo Zone or on the Avoca fault Eastern border...
Air Core - Assay results due now Rasmussen stated time frame 2-3 weeks drilling 3-4 weeks assay's now 7 weeks so due now...
The project covers approximately 25 strike kilometres of the Avoca Fault (see Figure 1), which is the major crustal boundary between the Bendigo Zone (to the east) and the Stawell Zone (to the west), and is located within the Pitfield Plains goldfields, mined between the late 1800s and 1908, with numerous occurrences of alluvial “deep-lead” mine workings and also hardrock gold mineralisation at the Glenfine South mine, which produced 43.7 thousand ounces of gold at an average grade of 16 g/t gold2 (see Figure 2).
Victoria's government has estimated that a significant amount of gold remains undiscovered in the Northern Bendigo Zone. The "Gold Undercover" initiative estimated a potential ~32 Moz of undiscovered gold beneath Murray Basin cover in this area. Additionally, the Geological Survey of Victoria estimates that there may be up to 75 million ounces of gold yet to find in the central and north central Victorian goldfields.