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Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES
Current share price for NES : $0.003 -0.001 (-25%)+
Announcement
Release
26 May 2026 8:23AM
Price at Release
$0.004
Full Release
download
Summary
Nelson Resources Limited has initiated its maiden underground drilling program at the historic Orleans Mine within the Gold Point Gold-Silver Project in Nevada. The program marks a significant advancement from the recent rehabilitation of mine access, allowing for the first direct underground drill test targeting high-grade vein positions adjacent to historic stopes. Utilizing restored underground platforms, the drilling aims to improve precision and reduce costs compared to surface-only drilling. Recent sampling has shown promising high-grade gold and silver results, supporting the targeting strategy. The broader exploration strategy encompasses over 5km of underground workings across multiple historic mines, with plans for systematic and cost-effective underground exploration.
Key Points
  • Maiden underground drilling commenced at Orleans Mine, Gold Point.
  • Drilling follows successful rehabilitation of mine access.
  • Targeting high-grade vein positions adjacent to historic stopes.
  • Underground platform improves cost and precision for drilling.
  • Sampling returned high-grade gold and silver results.
  • Program designed to refine models and plan follow-up drilling.
  • Gold Point project includes over 5km of underground workings.
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.