S2 Resources Ltd. (AU:S2R) has released an update.
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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