Join our daily newsletter At The Bell to receive exclusive market insights
- Xantippe Resources (XTC) has provided an update regarding its maiden reverse circulation drilling program at the Southern Cross Gold Project
- Drilling will validate the historical results which returned gold grades as high as 28 grammes per tonne
- The initial program is expected to be completed during March and results will be processed once all drilling is complete
- Xantippe’s share price has been steady since March 6 with shares last trading for 0.2 cents
Xantippe Resources (XTC) has provided an update regarding its maiden reverse circulation (RC) drilling program at the Southern Cross Gold Project.
Xantippe’s recently acquired Southern Cross Project is located 380 kilometres east of Perth in Western Australia.
The project comprises of 20 prospecting licences and two exploration licences for a combined area of 76 square kilometres.
The first four holes of the 2500 metre drilling program have now been successfully completed.
The RC holes were drilled at the Glendower prospect, the first of the priority targets to be initially tested.
It is anticipated that this initial RC drilling campaign will be completed during March with drill assays to be processed once drilling is complete.
“This is an exciting time for Xantippe with testing of priority targets now underway. While there has been historical drilling across the project area of 76 square kilometres there are a handful of shallow targets to test,” Managing Director Richard Henning said.
Exploration at Southern Cross has delineated a number of key sites for inspection with drilling to occur at the major prospects of Glendower, Xantippe, and Treasury South.
Drilling will validate historical results and test the geometry of previously identified results of nine metres at 28.41g/t gold from 33 metres, five metres at 10.58g/t gold from 19 metres, and two metres at 5.75g/t gold from 92 metres.
In addition to drilling these previously identified areas, Xantippe will look to expand the known mineralised zones of existing targets.
Xantippe’s share price has been steady since March 6 with shares last trading for 0.2 cents.
