Xpedra Extends Gold Mineralisation at Springfield with Deep Drilling
Source: Kapitales Research
Xpedra Resources Limited (ASX: XPD) has expanded the exploration potential of its Springfield Gold Project in New South Wales after deeper drilling encountered substantial gold mineralisation. A standout hole returned 64 metres at 1.34g/t gold from 140 metres, including 21 metres at 2.41g/t gold. Another hole intersected 27 metres at 1.50g/t gold from 140 metres, highlighting encouraging mineralisation at depth.Across the 31 holes completed so far, drilling has traced a broad gold-bearing system over more than 400 metres of strike, with mineralisation extending from surface to at least 150 metres down-dip. The deposit remains open in multiple directions, leaving scope for further expansion.Xpedra is now preparing a third drilling campaign focused on deeper targets and the largely unexplored 1.1-kilometre northern extension. With AU$3.1 million in cash at the June quarter-end, the company is positioned to progress its upcoming exploration program.
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Xpedra Extends Gold Mineralisation at Springfield with Deep Drilling
Xpedra Resources Limited (ASX: XPD) has expanded the exploration potential of its Springfield Gold Project in New South Wales after deeper drilling encountered substantial gold mineralisation. A standout hole returned 64 metres at 1.34g/t gold from 140 metres, including 21 metres at 2.41g/t gold. Another hole intersected 27 metres at 1.50g/t gold from 140 metres, highlighting encouraging mineralisation at depth.Across the 31 holes completed so far, drilling has traced a broad gold-bearing system over more than 400 metres of strike, with mineralisation extending from surface to at least 150 metres down-dip. The deposit remains open in multiple directions, leaving scope for further expansion.Xpedra is now preparing a third drilling campaign focused on deeper targets and the largely unexplored 1.1-kilometre northern extension. With AU$3.1 million in cash at the June quarter-end, the company is positioned to progress its upcoming exploration program.
Customer Notice:
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.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au