10 May 2021 Southern Cross Exploration Licences Granted...

10 May 2021
Southern Cross Exploration Licences Granted

Highlights: Three new Exploration Licences granted in highly prospective area Xantippe Resources Limited (ASX: XTC) (Xantippe, XTC , or the Company) is pleased to announce the grant of three Exploration Licences in the Southern Cross Region of Western Australia. The three new Exploration Licences, E77/2694, E77/2695 and E77/2696 (Figure 1), increase the area of the Company’s granted exploration and prospecting licence footprint in the region to 182 square kilometres.

Southern Cross Greenstone Belt – Overview The XTC tenements now hold around 60km of linear strike of the prospective Southern Cross Greenstone Belt, which has historically produced around 15Moz gold, predominantly from the Marvel Loch and Southern Cross centres, both of which are in operation to varying extents.
The Southern Cross Greenstone Belt is an elongated belt of altered intrusive and metasedimentary rocks with a strike length of about 300km. The belt has been metamorphosed to amphibolite and is complexly deformed by multiple phases of folding, shearing and faulting. High quality government mapping is available for the Southern Cross region in both online and digital formats. Regional geological mapping of this province at 1:250,000 scale was carried out by GSWA between 1973 and 1979.

Limited ground exploration activity has been conducted at Southern Cross since 2005.

The Southern Cross Gold project is located in the Southern Cross greenstone belt mining region, which has historically produced around 15Moz gold, predominantly from the Marvel Loch and Southern Cross centres, which are in close proximity (Figure 2). The Southern Cross Project now consists of a package of 25 tenements covering a total landholding of approximately 182km2. The tenement package is comprised of 19 prospecting licences and 6 exploration licences.

Summary

The granting of three new Exploration Licences provides expanded opportunities for the Company to explore the tenements which all lie within the prospective greenstone belt of the region. High‐level geophysical desktop work is already being compiled to generate targets for future exploration activities.

This announcement has been approved for release by the Board of Xantippe Resources.