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The latest update is out from S2 Resources ( (AU:S2R) ).
S2 Resources has confirmed and expanded a corridor of strong gold and multielement soil anomalies at its Yeungroon project in central Victoria, north of the historic Wedderburn gold field. The anomalies, defined on a 200 by 50 metre grid, include both gold-only and gold-arsenic-bismuth associations with variable copper, silver, molybdenum, lead and tellurium, and resemble intrusion-related magmatic hydrothermal gold systems rather than typical Victorian lode deposits.
These anomalous zones lie along the projected northern strike extension of the Wedderburn field and coincide with the major Avoca Fault, a key structural conduit for mineralising fluids, in an area that has seen little exploration for primary reef gold. With multiple creeks showing historical alluvial gold workings cross-cutting the anomalous corridor, S2 plans to negotiate land access agreements to undertake further systematic sampling, aiming to better define targets that could indicate a bedrock source and potentially reshape exploration focus in the district.
More about S2 Resources
S2 Resources is an Australian mineral exploration company focused on gold and multielement targets, with key projects in Victoria including the Yeungroon and Silver Spoon areas. The company is earning an 80% interest in the Yeungroon project from TSX-V listed Valkea Resources, while also holding a significant minority stake of about 25% in Valkea, underscoring its strategic exposure to the region’s gold potential.
Average Trading Volume: 464,511
Technical Sentiment Signal: Sell
Current Market Cap: A$31.9M
See more insights into S2R stock on TipRanks’ Stock Analysis page.