S2 Resources Ltd. (AU:S2R) has released an update.
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S2 Resources Ltd reports intersecting several gold mineralised zones at the Goornong prospect and commences an induced polarisation survey at the Greater Fosterville project. The company is also set to earn a 70% interest in a new copper-gold project in New South Wales and is in the process of selling its Finnish assets for C$7 million. With A$7.43 million in cash at the end of the quarter, S2 Resources is well-positioned to fund its exploration programs.
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