- Xantippe Resources (XTC) is granted two new licences in the Toomey Hills area within the Southern Cross greenstone belt in Western Australia
- The company received a new exploration licence and prospecting licence, which are contiguous with each other and a portion of Xantippe’s lease in the south-east region of the Southern Cross tenement package
- The new acquisition increases the size of Xantippe’s granted licences for exploration in the region to 197 square kilometres
- The company has already begun an in-depth analysis of the area to generate targets for future exploration activities
- Xantippe Resources last traded at 0.7 cents on June 21
Xantippe Resources (XTC) has been granted two new licences in the Toomey Hills area within the Southern Cross greenstone belt in Western Australia.
The company was granted one exploration licence and one prospecting licence. The two tenements are contiguous with each other and a portion of Xantippe’s lease in the southeast region of the Southern Cross tenement package.
The new acquisition increases the size of Xantippe’s granted licences for exploration in the region to 197 square kilometres.
Xantippe said the tenements covered a geologically prospective part of the greenstone belt south of Marvel Loch, which featured strong geophysical signatures within the greenstone terrain. These will now be targeted for contact and shear hosted gold mineralisation.
Historical workings of the area have previously included mapping, soil sampling and drilling, which were carried out across parts of the tenements and indicated the presence of low-level gold mineralisation.
However, there does not appear to have been any significant exploration work for gold carried out on the tenements within the last decade.
As such, an in-depth analysis is already underway to generate targets for future exploration activities.
Xantippe Resources last traded at 0.7 cents on June 21.