Southern Cross gold project drilling plan update

Xantippe Resources (ASX: XTC) (“Xantippe”, XTC, or the “Company”) is pleased to announce that following its recent POW approval, the West Australian based exploration team is mobilising to site this week at the recently acquired Southern Cross Gold Project, located south of the town of Southern Cross, Western Australia. The Xantippe Phase 2 drilling campaign is scheduled to commence on 17th August 2020.

Hightlights:

• Xantippe exploration team mobilising to Southern Cross Gold Project this week to commence gold exploration drilling in the coming days
• 18 reverse circulation holes to be drilled for a total of 3,000m targeting high priority
• historical results including at1:
  • Boodarding: LKD391: 3m @14.8 g/t Au from 94m (inc 1m @ 32.83 g/t Au)
                    LKA247: 3m @ 5.94g/t Au from 63m
  • Alpine/Roma: ALP10 – 5m @ 3.30g/t Au from 39m (inc 1m @ 12.70g/t Au)
                    RDH04 – 20m @ 1.59g/t Au from 58m
• Phase 2 drilling is fully funded with contractors appointed and RC Drilling scheduled to commence on 17th August 2020
• Southern Cross is a prolific gold mining region with existing processing infrastructure and +15Moz gold1 produced to date

The Programme of Works (POW) for the drilling campaign, which will consist of up to 18 reverse circulation (RC) holes for a total ~3,000m to be drilled, has been approved by the Western Australian Department of Mines, Industry Regulation and Safety (DMIRS).

The Phase 2 drilling programme will drill below previously drilled depths at Glendower and Xantippe prospects which have previously generated high-grade gold intersections, and look to expand the known mineralised zones of existing targets at Boodarding and Alpine/Roma prospects, as well as uncover new targets in prospective areas.

Xantippe Managing Director Richard Henning said,“After extensive geophysical analysis, we will be mobilising to site and kicking off our second phase of drilling in Southern Cross this week as we seek to extend some of the high?grade targets which are well known and which attracted us to the Southern Cross region.

The Southern Cross project is a large project area consisting of approximately 175km2 of consolidated tenure and the exploration plan will use a systematic approach to unlock a number of key targets.”

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