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Xpedra Resources has continued to deliver wide, shallow zones of gold at its new Springfield project in New South Wales, with the latest batch of assays returning multiple thick hits, including a 52-metre intercept grading 1.35 grams per tonne gold from just 20m downhole. Management says the consistency of the thick gold hits from the first five holes at its project is reinforcing its confidence in the potential scale of its deposit.

Xpedra Resources has bolstered its New South Wales portfolio by acquiring the high-grade Neeld gold project, a historic producer of about 439,000 ounces at exceptional grades of 41g/t. At the same time, early drilling at its Springfield project, 200km to the north-east, has delivered wide, shallow gold zones, confirming a growing mineralised system and positioning the company with a blend of high-grade, bulk tonnage exploration upside.

Xpedra Resources has kicked off reverse circulation drilling along a neglected and poorly tested 1700-metre-long high-grade gold intrusion at its Springfield prospect, near Gulgong in central New South Wales. Extensional and deep drilling will assess thick, shallow, high-grade gold intercepts that remain open in all directions and have not been worked on since 1999.

Xpedra Resources has handed the keys to a seasoned mine builder just as the drill bit prepares to bite into its promising Springfield gold deposit in New South Wales. With chunky historical hits from surface and a 25-year exploration hiatus, the company is betting fresh leadership and fresh holes can turn a forgotten play into a modern Australian gold story.