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- Xantippe Resources (XTC) has been granted three exploration licences for the Southern Cross region of Western Australia
- The three new exploration licences increase the area of the company’s granted exploration and prospecting licence footprint in the region to 182 square kilometres across 25 tenements
- High-level geophysical work is already being compiled to generate targets for future exploration activities
- Xantippe Resources is up 25 per cent, trading at 0.3 cents
Xantippe Resources (XTC) has been granted three exploration licences for the Southern Cross region in Western Australia.
The three new exploration licences — E77/2694, E77/2695 and E77/2696 — increase the area of the company’s granted exploration and prospecting licence footprint in the region to 182 square kilometres.
The project is located in the Southern Cross Greenstone Belt mining region. The area has historically produced around 15 million ounces of gold, predominantly from the Marvel Loch and Southern Cross centres, both of which are in operation to various extents. The area has seen limited ground exploration activity conducted since 2005.
The Southern Cross Greenstone Belt is an elongated belt of altered intrusive and meta-sedimentary rocks with a strike length of about 300 kilometres. The belt has been metamorphosed to amphibolite, deformed by multiple phases of folding, shearing and faulting.
The Southern Cross Project now consists of 25 tenements, comprised of 19 prospecting licences and six exploration licences, with 60 kilometres of linear strike on the prospective Greenstone Belt.
High-level geophysical desktop work is already being compiled to generate targets for future exploration activities.
Xantippe Resources is up 25 per cent, trading at 0.3 cents at 3:50 pm AEST.
