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- Xantippe Resources (XTC) hits thick intervals of lithium-caesium-tantalum pegmatite at its Blanche deposit in Western Australia
- The first of two reverse circulation drill holes hit pegmatite from 140 metres to 216 metres downhole, and the second hit pegmatite from 120 metres to 228 metres
- XTC says the intervals contained variable amounts of interpreted lithium ore minerals and were similar to those encountered at the nearby Black Dragon project
- Given the initial results, XTC has expanded its drilling program with four extra infill drill holes
- XTC shares were trading at 0.6 cents at 11:56 am AEDT
Xantippe Resources (XTC) has hit thick intervals of lithium-caesium-tantalum pegmatite at its Blanche deposit in Western Australia.
The first of two reverse circulation (RC) drill holes returned pegmatite from 140 metres to 216 metres downhole, and the second returned pegmatite from 120 metres to 228 metres deep.
Xantippe said the pegmatite intervals contained variable amounts of interpreted lithium ore minerals: lepidolite and eucryptite.
Additionally, the results are similar to those encountered at Zenith Minerals’ (ZNC) Black Dragon project to the south.
While assay results are pending for the first two drill holes, XTC Executive Chairman John Featherby said the thick intercepts and positive geophysics had encouraged the company to expand the drilling program with four extra infill drill holes.
The company said the occurrence of pegmatite so far was constrained to an obvious zone of low magnetic intensity, interpreted to represent the physical characteristics of the intrusive target rock.
Moving forward, Xantippe said conformity to this trend in further drilling would make possible the presence of large volumes of pegmatite, reinforcing the project’s prospectivity.
Subsequent drilling and additional groundwork will be planned on the back of the initial assay results.
XTC shares were trading at 0.6 cents at 11:56 am AEDT.
