- Xantippe Resources (XTC) is about to begin drilling at its Southern Cross project in Western Australia
- The reverse circulation program will include four holes to target lithium pegmatites at the E77/2609 tenement, which lies in the southern part of the project
- This effort follows recent nearby drilling by Zenith Minerals, which intercepted lithium pegmatites within 100 metres of Xantippe’s project area
- Xantippe says the confirmation of lithium pegmatites would “pave the way” for future drilling programs and additional groundwork
- XTC shares are up 9.09 per cent to 0.6 cents at 11:13 am AEDT
Xantippe Resources (XTC) is about to begin drilling at the E77/2609 tenement within its Southern Cross project in Western Australia.
The maiden drilling effort will include four reverse circulation holes (RC), as outlined in XTC’s program of works application, for around 1080 metres
Drilling will target lithium pegmatites in the southern area of the project after Zenith Minerals (ZNC) recently intercepted lithium-bearing pegmatites within 100 metres of Xantippe’s tenement boundary.
The company believes the pegmatites continue north onto E77/2609 and may continue for several hundred metres. Essentially, the upcoming RC drilling program is designed to confirm this interpretation.
Gravity and magnetic imagery are also being used for the drill location planning and interpretation of the lithium pegmatites.
“The company is looking forward to the results of its first lithium drilling program at its large strategic greenstone belt land position in Southern Cross given the heightened global level of interest in lithium and the lithium-bearing discoveries in neighbouring areas,” Executive Chair John Featherby said.
Xantippe said the confirmation of lithium-bearing pegmatites would “pave the way” for future drilling programs and additional groundwork to test the full extent of the pegmatites.
XTC shares were up 9.09 per cent to 0.6 cents at 11:13 am AEDT.