Xantippe Resources (ASX:XTC) is an ASX-listed company focussed on the discovery of precious metals in the renowned gold producing region of Southern Cross, 380km ENE of Perth, Western Australia.
The Company was named after the town of Xantippe (pronounced Zan-tip-ee), which is located approximately 220km north-east of Perth. There are two theories about the origin of the name; either it was named for Xanthippe, the wife of ancient Greek philosopher Socrates, or it translates to ’Looking for water from a deeper well’. It is this second meaning and the proximity of the Southern Cross project to the town of Xantippe that is the reason behind the Company’s choice of name.
The Company’s Southern Cross project hosts contiguous tenements covering around 40km of strike across the prolific Southern Cross Greenstone Belt, which has historically produced around 15Moz gold.
The holding comprises 20 Prospecting Licences and 6 Exploration Licences (1 pending) with a combined area of around 175 km². This area is serviced by sealed roads, grid power, scheme water, rail and town amenities.
Xantippe’s tenements are in close proximity to some of the major producers in the region, including the Marvel Loch gold mine and processing plant, Edna May and Yilgarn Star mines.
The Company has a number of key priority targets within its Southern Cross project, including the Glendower, Xantippe and Treasury South prospects.
Historical exploration in the region has not occurred below a depth of 100m and the Company intends to drill a combination of targets that are shallow as well as at depth.
In addition to its assets in Southern Cross, Xantippe Resources also maintains an interest in a number of resource projects located in South Korea. These projects include various graphite and base metal deposits.
The Company will seek to arrange joint venture partners to assist in unlocking the potential of these assets and build value for shareholders.