S2 Resources Advances Exploration at Fosterville and Glenlogan

S2 Resources ( (AU:S2R) ) just unveiled an announcement.

S2 Resources Ltd has announced the receipt of assay results from its reconnaissance aircore drilling at the Fosterville project, revealing a distinct zone of gold-arsenic-antimony anomalism. This discovery indicates a potential target for further drilling, which could enhance the company’s exploration efforts in the region. Additionally, the company completed its second diamond drill hole at the Glenlogan project, although the IP chargeability anomaly remains unexplained. With land access agreements in place at Warraweena, S2 Resources is preparing for further drill testing, which could impact its operational strategy and market position.

The most recent analyst rating on (AU:S2R) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on S2 Resources stock, see the AU:S2R Stock Forecast page.

More about S2 Resources

S2 Resources Ltd is a company engaged in the exploration and development of mineral resources, with a focus on gold and other valuable minerals. The company operates in Australia and is involved in projects such as Fosterville and Glenlogan, aiming to identify and develop mineral deposits.

Average Trading Volume: 776,942

Technical Sentiment Signal: Sell

Current Market Cap: A$36M

See more insights into S2R stock on TipRanks’ Stock Analysis page.