S2 Resources secures tenements for Jillewarra JV drilling

• The Western Australian government granted two key exploration licences to S2 Resources for the Jillewarra joint venture, allowing drilling to commence.
• The announcement left the S2 Resources share price steady at $0.056 during market trading.
• The company intends to launch a 30,000-metre aircore drilling programme in July to identify initial gold targets.

S2 Resources (ASX:S2R) has secured two key exploration licences covering 35km of strike for the Jillewarra joint venture.

The milestone follows a detailed aeromagnetic survey with results expected by the company in July.

The company is earning an initial 51% interest in the project from private firm Black Raven Mining.

S2 Resources stated that an initial 30,000-metre aircore drilling programme comprising 300 holes is scheduled to begin in July.

Following the announcement, the S2 Resources share price was unchanged at $0.056.

The business maintains a mineral exploration portfolio targeting gold and base metals across Australia and Finland.

In May, the explorer reported strong gold and multielement anomalies at its separate Yeungroon project.