S2 Resources (ASX:S2R) has completed its initial seven-hole reconnaissance drilling program and extended the regional gravity survey at its Warraweena Project in northern New South Wales, where the company is earning up to 70% (potentially 80%) interest in Oxley Resources ground as well as holding 100% of its own tenements.
The program, targeting six geophysical anomalies concealed beneath alluvial cover, intersected widespread volcanic rocks with calc-alkaline affinities, similar to the Macquarie Arc—home to major porphyry and epithermal copper-gold deposits.
Hole SWAD0003 returned elevated copper values, including 1m at 0.12% copper within 17m averaging 601 ppm, associated with chlorite-epidote altered volcanics and quartz-carbonate veining with disseminated chalcopyrite.
Minor disseminated native copper was also observed in SWAD0001 and SWAD0005.