Sipa Resources Limited has initiated an ambitious gold drilling program at its recently acquired Nuckulla Hill gold project in South Australia. The company is testing the Sheoak and Bimba prospects with a reverse circulation (RC) drilling campaign that spans 1,800 meters. These prospects, last drilled in 1997, lie within the Yarlbrinda Shear Zone—a region previously recognized for hosting a significant 1.6 million ounce gold deposit. The drilling program, scheduled to take between seven and ten days, is expected to yield assay results within four to six weeks upon completion. The current RC drilling follows historical calcrete sampling from the mid-1990s, with the RC rig from Bullion Drilling Co. mobilized over the weekend. This phase of in-fill and extension work aims to provide detailed insights into the grade, width, and extent of the mineralisation. Following the RC program, Sipa Resources plans to undertake aircore drilling at the Tunkillia North and Nuckulla Hill projects to further explore confirmed historical gold anomalies. The company also has forward plans to shift on-ground activities to its Crown gold project in Western Australia, where aircore drilling will investigate historical geochemical anomalies and previous RAB drilling results. The news has sparked mixed market sentiments. On the bullish side, the re-evaluation of prospects largely untouched for nearly 30 years in a highly prospective geological setting suggests potential for significant discoveries. The methodical approach combining modern RC drilling with follow-up aircore surveys could facilitate a robust re-assessment of historical gold mineralisation, promising a catalyst for future growth. Conversely, bearish sentiment may arise from the inherent risks of early-stage exploration. The fact that these areas have not been comprehensively drilled in recent decades means that while the historical indications are promising, there remains the possibility that the modern drilling campaigns might not yield economically viable mineralisation. Traders, especially those new to the market, should keep an eye on upcoming assay results and subsequent drilling updates to better assess the project’s potential impact.