Xpedra Resources continues to hit broad, shallow gold zones at its Springfield Gold Deposit in NSW, with a standout 52-metre intercept at 1.35g/t gold reinforcing the project's scale and potential for expansion.
- 52m at 1.35g/t gold from 20m depth
- Multiple higher-grade intervals within broad zones
- Mineralisation remains open at depth and along strike
- Assays pending for 22 additional drill holes
- June follow-up drilling program planned
Strongest Intercept to Date Highlights Springfield Potential
Xpedra Resources (ASX:XPD) has released assay results from three further drill holes at its Springfield Gold Deposit in New South Wales, confirming broad, shallow gold mineralisation with multiple higher-grade zones. The standout intercept came from hole SFRC004, which returned 52 metres at 1.35 grams per tonne (g/t) gold from just 20 metres downhole, including an 11-metre section grading 3.03g/t and a high-grade 4 metres at 5.69g/t.
This intercept is among the strongest received so far in the company’s maiden Reverse Circulation (RC) drilling program, which aims to systematically test a 1,700-metre-long mineralised intrusion. The results reinforce the project's potential as a substantial near-surface gold system with scalability.
Broad Zones Confirmed with Higher-Grade Vein Controls
Alongside SFRC004, two other holes, SFRC003 and SFRC005, delivered encouraging results. SFRC003 intersected 25 metres at 1.23g/t gold from 42 metres, including a 2-metre zone at 3.30g/t, while SFRC005 returned 24 metres at 1.03g/t from surface, featuring 7 metres at 2.06g/t.
Xpedra’s Managing Director Scott Funston highlighted that all holes to date have intersected broad zones of shallow mineralisation with higher-grade intervals, consistent with earlier results such as the 36 metres at 1.84g/t from the project’s first hole. He noted that higher-grade mineralisation appears structurally controlled within quartz vein zones, which will help refine future drilling targets.
The company’s evolving geological model suggests these veins are key to unlocking extensions of mineralisation, providing a clear roadmap for the upcoming drilling program scheduled for June. This program will aim to test continuity and expand the known footprint of gold mineralisation at Springfield.
Assay Delays and Ongoing Drilling Plans
Despite completing the initial 27-hole drilling campaign in mid-April, Xpedra has faced extended assay turnaround times, delaying the full release of results. Assays for 22 remaining holes are expected progressively in coming weeks, with laboratory turnaround times anticipated to improve soon.
The company is well advanced in preparations for a follow-up RC drilling program in June, designed to build on the current encouraging results and further delineate the deposit’s scale and grade continuity. The mineralisation remains open at depth and along strike, offering significant exploration upside.
These developments build on the company’s earlier maiden drilling results, which first revealed the presence of broad, shallow gold zones at Springfield, a project acquired in late 2025 with a history of limited but high-quality drilling. The current program and pending results are critical to validating the deposit’s potential as a scalable gold system within the Lachlan Fold Belt of NSW.
Investors will recall Xpedra’s recent capital raising and strategic moves to accelerate exploration across its NSW gold portfolio, including the acquisition of the Neeld Gold Project, which complements Springfield with its high-grade historical grades. The company’s leadership under Scott Funston has been steering these initiatives with a focus on systematic resource growth and discovery potential strong drilling and Neeld acquisition and broad shallow gold zones.
Bottom Line?
Xpedra’s latest assays underscore Springfield’s potential as a shallow, scalable gold system, but pending results and upcoming drilling will be key to confirming its full scope.
Questions in the middle?
- Will the pending 22 assays confirm consistent grade and width across Springfield?
- How will the June drilling program refine targeting of high-grade quartz vein zones?
- What impact will assay turnaround improvements have on exploration momentum?