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Xpedra launches first drilling in decades at Springfield Gold Deposit

Story Highlights
  • Xpedra has begun a 3,500m maiden RC drilling program at the Springfield Gold Deposit in New South Wales.
  • The campaign aims to extend thick, high-grade gold mineralisation along a 1,700m intrusion, potentially bolstering Xpedra’s resource base.
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Xpedra launches first drilling in decades at Springfield Gold Deposit

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Thunderbird Resources ( (AU:XPD) ) has shared an update.

Xpedra Resources has commenced a maiden reverse circulation drilling program at its recently acquired Springfield Gold Deposit in New South Wales, marking the first drilling on the project since 1999. The campaign will test and extend known gold mineralisation over a 1,700m-long intrusion, with about 3,500m of drilling planned across 30 to 40 holes.

Historical shallow drilling at Springfield has already outlined thick, near-surface and high-grade gold intercepts over a limited portion of the strike, with mineralisation remaining open along strike and at depth. The new drilling is intended to systematically explore these extensions and new targets along the corridor, potentially enhancing Xpedra’s resource base and strengthening its position in the Australian gold exploration sector.

More about Thunderbird Resources

Xpedra Resources Limited is an Australian exploration company focused on gold projects, with a key asset in the Springfield Gold Deposit in central New South Wales. The company targets intrusion-hosted gold mineralisation, aiming to advance underexplored tenements with historical high-grade intercepts into more defined resources within a key Australian gold district.

YTD Price Performance: 44.44%

Average Trading Volume: 1,491,124

Technical Sentiment Signal: Buy

Current Market Cap: A$14.98M

See more insights into XPD stock on TipRanks’ Stock Analysis page.

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