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Nelson Resources Limited (ASX:NES)

ALERT: Price-sensitive ASX Announcement for NES
Current share price for NES : $0.004 -0.001 (-12.50%)+
Announcement
Release
2 Jun 2026 8:23AM
Price at Release
$0.004
Full Release
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Summary
Nelson Resources Limited has appointed Nevada Rand LLC as the diamond drilling contractor for its Gold Point Gold-Silver Project in Nevada, USA. This appointment marks the next phase of Nelson's underground exploration strategy, particularly at the historic Orleans Mine. After completing the rehabilitation of key underground positions, Nelson is now set to commence a follow-up diamond drilling program. This program aims to test extensions of the Orleans vein beyond existing underground workings, with Nevada Rand's previous work at the site ensuring continuity and efficiency. The project's broader strategy includes systematic exploration across multiple historic mines within the Gold Point area, leveraging over 5km of underground workings to improve targeting precision and reduce costs by drilling from underground.
Key Points
  • Nevada Rand LLC appointed as underground diamond drilling contractor.
  • Focus on the Gold Point Gold-Silver Project in Nevada, USA.
  • Continuity from access rehabilitation to drilling ensured by Nevada Rand.
  • Diamond drilling program to test extensions beyond current workings.
  • Strategy to use existing underground infrastructure for modern exploration.
  • Planned improvements in drilling precision and cost reduction.
  • Systematic exploration across multiple historic mines at Gold Point.
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.