Xpedra Mobilises Drill Rig for First Springfield Gold Campaign Since 1999

Thunderbird Resources ( (AU:XPD) ) just unveiled an announcement.

Xpedra Resources has begun mobilising a reverse circulation drill rig to its recently acquired Springfield Gold Deposit in New South Wales, marking the first drilling campaign at the project since 1999. The maiden program will comprise 30 to 40 holes over about 3,500 metres, targeting infill, extensional and deeper zones to test continuity, open strike and depth extensions, and potential oblique high-grade structures.

The campaign also includes the first follow-up of anomalous shallow aircore results at Springfield North, aiming to build on a suite of historical thick, near-surface and deeper gold intersections along a 1,700-metre mineralised intrusion. With mineralisation remaining open along strike and at depth and only modest prior drilling completed, the program is positioned to unlock latent value in the asset and could materially advance Xpedra’s resource potential and exploration profile if results are positive.

More about Thunderbird Resources

Xpedra Resources Limited is an Australian exploration company focused on gold, with its key asset being the Springfield Gold Deposit in central New South Wales. The project centres on a well-mineralised intrusive system extending over more than 1,700 metres of strike, where historical shallow drilling has already outlined thick, high-grade gold intersections, but deeper and systematic modern exploration remains limited.

YTD Price Performance: 44.44%

Average Trading Volume: 1,498,957

Technical Sentiment Signal: Buy

Current Market Cap: A$14.98M

Find detailed analytics on XPD stock on TipRanks’ Stock Analysis page.