Xantippe Resources Ltd (ASX:XTC, OTC:XTCPF) has completed its maiden drill program at the Blanche Lithium Prospect, situated in the Southern Cross Project in Western Australia.
The company’s drill program comprised of eight drill holes across 1,878 metres with pegmatite intercepted in all drill holes.
The maiden drilling confirmed thick pegmatites continuing over 500 metres of strike length on Xantippe’s wholly owned tenement E77/2609, which lies about 30 kilometres south of the town of Marvel Loch and 40 kilometres north-west of Covalent Lithium’s Mt Holland Project.
Encouragingly, these results highlight the potential for this area to host lithium-bearing pegmatites of significant size.
What is next?
Laboratory assays from the first four holes are expected to be returned by the end of the week, while work is being undertaken on-site to collect samples from the remaining four holes (SXRC0021-24) and deliver them to the lab for the same analysis.
Interpretation work has already begun based on the geological observations from the drilling.
These interpretations are preliminary in nature and subject to change, with the logging of the final four holes still to be finalised.
About Southern Cross Project
The Southern Cross Project is situated 380 kilometres east of Perth, southeast of Southern Cross in the Yilgarn Goldfield.
The project consists of 16 prospecting licences and seven exploration licences with a combined area of 197 square kilometres.
These are mostly contiguous tenements covering over 40 kilometres of strike of the Southern Cross Greenstone Belt, which 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 varying extents.
The project area is serviced by sealed roads, grid power, scheme water, rail and town amenities.
Minjar operates the Marvel Loch plant nearby and Ramelius Resources operates the Edna May facility some 60 kilometres to the west.