S2 Resources (ASX:S2R), through its subsidiary Red Star Resources Pty Ltd, has released promising assay and petrography results from the initial diamond drill hole at the Glenlogan project in New South Wales' Lachlan Fold Belt. The results point to a potential porphyry copper-style mineralisation despite the primary target being an unmineralized intrusion.
S2 Resources has discovered encouraging signs of potential mineralisation at the Glenlogan project, despite the initial magnetic anomaly being an unmineralized intrusion. The presence of quartz diorite porphyry dykes towards the end of drilling showed increased copper and gold levels, indicating a possible nearby mineralised system. The company plans to use geophysical surveys to further explore the area and target future drilling. S2 Resources is actively working on land access agreements to facilitate these activities. The Glenlogan project covers a significant area in a region known for its mineral wealth, and S2 Resources is progressing under an earn-in agreement with Legacy Minerals to capitalize on this potential.
The increasing levels of copper, gold, and other elements in the last 300 meters of drilling, associated with later quartz diorite porphyry dykes, suggest the potential for a nearby mineralised porphyry intrusion.