- Xantippe (XTC) has received encouraging drill results from a number of prospects across the Southern Cross Gold Project in WA
- Drilling was completed at the Axehead, Battler North, Great Unknown and Xantippe prospects throughout December
- Split sample fire assay results have been returned, further defining mineralisation present across the prospects
- At the Xantippe prospect, wide zones of anomalous gold was intersected, extending mineralisation for a total 500-metre strike length
- The company is planning further exploration to expand the target areas along strike and at depth with the hopes of more positive results
- Shares have soared 25 per cent trading at 0.3 cents each
Xantippe (XTC) has received encouraging drill results from a number of prospects across the Southern Cross Gold Project in WA.
The project is located east of Perth, southeast of Southern Cross in the Yilgarn Goldfields and spans around 175 square kilometres.
Drilling was completed at the Axehead, Battler North, Great Unknown and Xantippe prospects throughout December.
The first round of results reported from the project were unexciting, with assays of less than one gram per tonne (g/t) of gold.
However now, split-sample fire assay results have been returned, further defining mineralisation present across the prospects.
Results from a small drill program completed at the Great Unknown prospect returned 8.81 grams per tonne (g/t) gold which was upgraded to 16.2g/t from the replicate sample and 13.8g/t from a secondary split during lab preparation.
XTC said this find highlights the undeveloped potential of quartz veins hosting gold in the area and remains a target area of interest.
Over at Xantippe, increased wide zones of anomalous gold was intersected, extending mineralisation for a total 500-metre strike length, which remains open to the north and at depth.
Further, at Battler North, broad gold mineralisation was intercepted from 30 and 70-metre depths, including one metre at 5.03g/t gold.
Moving forward, XTC confirms the Battler North, Great Unknown and Xantippe prospects are open to further exploration to expand the target areas along strike and at depth, which the company hopes will uncover further positive results.
Shares have soared 25 per cent trading at 0.3 cents each at 3:20 pm AEST.