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Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES
Current share price for NES : $0.004 0 (0%)+
Announcement
Release
21 May 2026 8:38AM
Price at Release
$0.004
Full Release
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Summary
Nelson Resources Limited has begun mobilizing drilling equipment and technical teams to their Gold Point Project in Nevada, USA, for a maiden underground drill program targeting the historic Orleans Mine. The preparation follows the completion of necessary rehabilitation work, allowing access to key underground positions. The drilling strategy leverages existing underground infrastructure to enhance precision and reduce costs. The initial phase will involve drilling four short holes to test high-grade vein positions and is expected to be followed by up to 15 diamond core holes. The project aims to explore extensions of the Orleans vein system and other potential high-grade targets throughout the Gold Point system, utilizing modern techniques like LiDAR and 3D modeling.
Key Points
  • Drilling equipment mobilized to Gold Point Project in Nevada.
  • Maiden underground drilling program at historic Orleans Mine.
  • Access to key underground positions restored through rehabilitation.
  • Use of existing underground infrastructure for cost-effective drilling.
  • Initial phase includes four short drill holes, with diamond drilling to follow.
  • Focus on high-grade vein positions and potential extensions.
  • Broader exploration strategy includes mapping, sampling, and 3D modeling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.