Recommencement of Exploration Activities at Goornong Prospect

S2 Resources Ltd (ASX: $S2R) has announced the recommencement of diamond drilling at the Goornong prospect within its 100% owned Greater Fosterville project in Victoria, Australia. The company's wholly owned subsidiary, Southern Star Exploration Pty Ltd, has also completed an induced polarisation (IP) geophysics program over the northern part of the project area.

Executive Commentary on Exploration Activities

The first six holes drilled at the Goornong prospect have identified numerous zones of gold mineralisation in very widely spaced holes. The recommencement of diamond drilling aims to assess the connectivity of the gold mineralised zones identified to date. The induced polarisation (IP) geophysical survey has been completed, and results are anticipated in the next few weeks. The company's exploration efforts are focused on testing multiple structural positions that cross the anticline, aiming to identify a larger mineralised shoot early in the exploration program.

Exploration Update and Future Outlook

S2 Resources' recommencement of diamond drilling and completion of the induced polarisation (IP) geophysics program at the Goornong prospect demonstrate the company's commitment to further exploring the gold mineralisation potential within its Greater Fosterville project. The company's exploration activities are aimed at assessing the connectivity of gold mineralisation zones and understanding the structural and stratigraphic architecture of the Goornong South trend. With the completion of the IP geophysics program, the company anticipates results in the next few weeks, providing valuable insights for future exploration efforts. S2 Resources' strategic position, size, and inherent prospectivity of Exploration Licence 7795 (EL7795) make it a highly strategic asset, and the company has a minimum expenditure commitment of A$10.4 million over the first five-year term of the licence, inclusive of a minimum A$2.1 million commitment in the first two years. The company's inheritance of significant data from previous explorers represents a substantial saving in time and money, enabling the generation of drill targets and further exploration activities. S2 Resources remains focused on its exploration goals and is dedicated to advancing its understanding of the gold mineralisation potential within its project area.