XTC Lithium Limited (ASX: XTC) announced the successful results from a recent auger drilling program conducted across two tenements in its Southern Cross package. 598 drill holes were sampled across E77/2804 and P77/4585, targeting both lithium and gold. The program has revealed two significant gold anomalies with values reaching up to 437.2ppb Au and spanning a 1.1km strike length.
These anomalies are located along the trend from the historical Southern Star open pit gold mine of the Marvel Loch/Southern Cross region, indicating a promising extension of the Au trend almost the length of the tenement. The higher-grade Au zones exhibit two significant anomalies, with the northern anomaly showing an association with anomalous arsenic, nickel, and chrome, suggesting the potential presence of ultramafic favorable for contact shears and vein mineralization in greenstone terrane.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.