- Xantippe Resources (XTC) will commence a phase two drilling program at the Southern Cross Gold Project in Western Australia
- A Programme of Works (POW) has been submitted to the Western Australian Department of Mines, Industry Regulation and Safety so drilling can begin next month
- Xantippe plans to drill 28 reverse circulation holes for roughly 3000 metres
- The miner will focus on the underexplored Glendower, Xantippe Boodarding, and Alpine-Roma prospects
- Company shares remain in the grey, trading flat at 0.3 cents
Xantippe Resources (XTC) will commence a phase two drilling program to further explore the Southern Cross Gold Project in Western Australia.
Xantippe recently submitted a Programme of Works (POW) to the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) for the drilling program.
The company plans to drill a total of 28 reverse circulation holes for roughly 3000 metres.
“The Southern Cross project is a large project area consisting of approximately 175 square kilometres of consolidated tenure and the exploration plan will use a systematic approach to unlock a number of key targets using geomagnetic data,” Managing Director Richard Henning said.
Xantippe announced its acquisition of the Southern Cross Gold Project in December 2019 and finalised the purchase earlier this year. The miner was attracted to the gold potential of the underexplored licences within the project.
“Following the recent acquisition of the Southern Cross Gold project, it is exceptionally pleasing to be able to present our second exploration programme to extend some of the high‐grade targets which are well known and which attracted the company to the Southern Cross region,” Richard added.
A total of three holes, for 450 metres, have been planned at the Boodarding prospect. This drilling will test a structural dislocation in the same area as encouraging historic drilling results.
At the Alpine-Roma prospect, the company plans to drill two holes, for 300 metres, to test structures associated with, and along strike from, the Frasers and Golden Pig mines.
XTC will begin exploring structures within the Glendower and Xantippe prospects to target favourable structures and lithology in undercover areas. It is within these subtle areas where sparse, historic, shallow rotary air blast (RAB) drilling returned anomalous results.
Interestingly, Glendower and Xantippe haven’t seen any exploration below a 100-metre depth – leaving plenty of room for potential discoveries.
A total of six holes, for 1000 metres, will be drilled at an untested structural fault that is located in the western part of the Glendower tenements. Additionally, seven holes, for 1250 metres, will be drilled in an area between the historic Glendower and Xantippe mines.
Xantippe expects the drilling program will begin next month.
Company shares remain in the grey, trading flat at 0.3 cents each at market close.