Xantippe Resources Limited (ASX: XTC) has identified a number of broad zones of mineralisation during its recently completed maiden drilling programme over the acquired Southern Cross gold project in Western Australia.
The company has now received assays from the programme which was made up of a total of 16 holes for an advance of 1,722m of RC drilling completed across three prospects: Glendower, Xantippe and Treasury South.
Xantippe Managing Director, Richard Henning, said: the drilling has also successfully identified the expected geological structure associated throughout the Southern Cross Greenstone Belt.
“With further analysis of these drill results along with geophysical investigation, we remain highly confident that we will attain a clearer picture of the coarse gold structures that have previously been identified at the Southern Cross project,” Mr Henning said.
“We are committed to the Southern Cross region, the tenements over which we maintain an option, and the potential which they offer. We consider this project to be a major opportunity to create value in a first class and proven gold mining region.
“Our priority now is to undertake further geophysical interpretation and database evaluation to highlight high-priority target areas throughout the entire tenement holding, specifically the Boodarding, Battler North and Alpine/Roma prospects, which may be the subject of our next drilling campaign.
“In addition, we have enough funding to see us well placed to carry out geophysical investigation and test these targets.”
Mr Henning said Xantippe will utilise geophysical interpretation to identify high-priority target areas for future drilling campaigns. The historical data capture and database compilation is well advanced and will provide further intelligence towards our next drilling targets.
Geophysical work will begin on these target areas as soon as practical. A further round of drilling is likely to take place over three targets Boodarding, Battler North and Alpine/Roma.