- Xantippe Resources (XTC) has commenced drilling at its Southern Cross Gold Project in WA
- The company will drill up to 18 reverse circulation holes for a total of approximately 3000 metres
- Drilling will test below the previously drilled depths at the Glendower and Xantippe prospects
- All up, the campaign is expected to take three weeks to complete
- Xantippe is up 40 per cent on the market this afternoon and is trading for 0.4 cents per share
Xantippe Resources (XTC) has commenced drilling at its Southern Cross Gold project in Western Australia.
The drilling program will include up to 18 reverse circulation (RC) drillholes for approximately 3000 metres. Drilling will test below the previously drilled depths at the Glendower and Xantippe prospects.
The prospects have previously generated high-grade gold intersections, expand known mineralised zones of existing targets and uncover new targets in the area.
Historical results include three metres at 14.8g/t gold from 94 metres and five metres at 3.30g/t gold from 39 metres.
“This program is seeking to extend some of the high‐grade targets, which are well known and what attracted us to the Southern Cross region. Early observations of veining on the sediment and pegmatite intersections are very encouraging,” Managing Director Richard Henning said.
“The Southern Cross project is a large project area consisting of approximately 175 kilometres squared of consolidated tenure and the exploration plan will use a systematic approach to unlock a number of key targets,” he added.
All up, the campaign is expected to take three weeks to complete after that samples will be sent to an independent lab for analysis.
Xantippe is up 40 per cent on the market this afternoon and is trading for 0.4 cents per share at 3:05 pm AEST.