S2 Resources Limited has commenced diamond drilling at its Glenlogan project in the Lachlan Fold Belt of New South Wales. The current drill hole, designated SGLD0002, is targeting a copper-gold porphyry deposit by testing for coincident geophysical anomalies including chargeability, resistivity, and conductivity observed during recent IP and magnetotelluric surveys. The planned hole will reach a depth of approximately 600 to 800 metres with drilling operations scheduled on single shifts over an estimated four to six week period, followed by assays after an additional three to four weeks. The new drilling activity is strategically positioned approximately 1,800 metres northeast of the company’s first drill hole, SGLD0001W1, where previous exploration indicated increasing alteration and pathfinder element anomalies such as gold, copper, bismuth, arsenic, and tellurium. The anomalies at SGLD0002 align with the edge of a larger intrusion identified in the initial drilling program, a geological setting that is typically associated with subsidiary porphyry intrusives encircling a main deposit. This pattern is reminiscent of trends observed at nearby prospects and reinforces the potential significance of the current target area. For beginner traders, the announcement signals an active exploration phase with promising technical indicators. The use of advanced geophysical methods to pinpoint anomalies supports the possibility of a viable mineralised system near a world-class mineral endowment. Investors may view the systematic advancement of drilling programs and the proximity to major deposits as favorable factors for future project developments. From a bullish perspective, the progression to a second drilling phase, the strong geophysical anomalies, and the alignment with known geological models all contribute to a positive outlook. The strategic location, near established large-scale deposits, enhances the credibility of S2 Resources Limited’s exploration approach, suggesting potential upside if subsequent assay results confirm mineralisation. Conversely, from a bearish viewpoint, the inherent risks associated with exploration drilling remain, including the uncertainty of assay outcomes and the technical challenge of drilling in complex geological settings. The single-shift operation, implemented to minimise local disturbance, may also extend project timelines, which could impact near-term progress expectations.