S2 Resources Ltd. announced that assays received from the lower portion of diamond hole FAVD0064 confirm a second high grade gold zone located 575 metres north of the high grade intercept hole FAVD0062 reported on 8th December 2020. This was the northernmost of four holes drilled in October 2020 to test for dip and plunge extensions to the gold mineralisation discovered in previous shallow reconnaissance drilling at the Company's 100% owned Aarnivalkea prospect in Finland. Hole FAVD0064 returned a high grade gold intercept within a broader zone of mineralisation comprising: 20.40 metres @ 2.3g/t gold from 193.1 metres, including 8.0 metres at 4.8g/t from 198.0 metres. In October 2020, the Company drilled four very widely spaced diamond holes to test for a range of possible down-dip and down-plunge extensions to the gold mineralisation defined in the earlier shallow drilling. Most assay results have now been received with all four holes intercepting gold mineralisation. One batch of samples from hole FAVD0063 are still awaiting assays. The latest results from hole FAVD0064 returned a high grade intercept within a broad zone of gold mineralisation. Better intercepts included: 1.8 metres at 0.9g.t gold from 160 metres downhole, 4.0 metres at 0.9g.t gold from 167 metres downhole, 20.40 metres at 2.3g/t gold from 193.1 metres downhole, including 8.0 metres at 4.8g/t from 198.0 metres downhole, including 4.2 metres at 6.6g/t gold from 198 metres downhole. Hole FAVD0064 is located 575 metres north of the previously reported high grade intercept in hole FAVD0062 which included: 6.85 metres at 11.8g/t gold from 223.0 metres downhole, including 4.0m at 18.1g/t from 223.0 metres downhole. Mineralisation at Aarnivalkea remains open in all directions and there is no drilling below a depth of 120 metres between the intercepts in holes FAVD0062 and FAVD0064. The nearest shallow drill lines adjacent to FAVD0064 are located 120 metres south and 320 metres north.