- Xantippe Resources (XTC) has released preliminary results from its Southern Cross Gold project as the drilling campaign draws to a close
- A total of 14 reverse circulation holes were drilled across 1321 metres across at the project, which sits in Western Australia’s Yilgarn Goldfield
- The most notable preliminary assay results from the campaign include 0.69 g/t gold at 24 metres, 0.89 g/t at four metres and 0.74 g/t gold at eight metres
- The company remains positive in its outlook, reaffirming the result are still preliminary as it waits on more definitive assays
- Xantippe shares have plummeted 20 per cent following the results, trading at 0.2 cents each
Xantippe Resources (XTC) has released preliminary results from its Southern Cross Gold project as the drilling campaign draws to a close.
A total of 14 reverse circulation holes were drilled for a total of 1321 metres across at the project, which is located south-east of Southern Cross in the Yilgarn Goldfield of Western Australia.
More specifically, drilling was undertaken at the Axehead, Battler North, Xantippe and Glendower North prospects.
The most notable preliminary assay results from the campaign include 0.69 g/t gold at 24 metres from the Xantippe prospect, 0.89 g/t at four metres from the Glendower prospect and 0.74 g/t gold at eight metres from Battler North.
The assays were conducted on four metre composite samples using the photon assay technique in the hope of identifying mineralised zones.
While these results may not be most encouraging, XTC has reaffirmed these are early-stage findings, with more definitive one-metre interval fire assay results still to come.
“Preliminary geological logs indicate broad intersections of sulphide and quartz mineralisation at all prospects,” Xantippe Managing Director Richard Henning said.
“Further drilling will be planned as we gain a better understanding of the mineralised zones,” he explained.
The company advises further results are pending from Boodarding drilling and remains well funded to continue its drilling pursuits.
Xantippe shares have plummeted 20 per cent following the results, trading at 0.2 cents each at 12:53 pm AEDT.