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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
3 Aug 2026 8:29AM
Price at Release
$0.004
Full Release
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Summary
Nelson Resources Limited has identified a high-grade copper-gold exploration target at the Cinnamon Property in Nevada. The Sheba target, located on the footwall side of the Luning-Fencemaker Thrust, exhibits a strong epithermal signature with significant gold, silver, copper, zinc, and lead mineralization. The nearby Ophir target is prioritized for tungsten skarn mineralization. These targets form part of an extensive hydrothermal system characterized by potassic, epidote-chlorite, and muscovite alteration. Immediate follow-up work is planned to advance these opportunities.
Key Points
  • Nelson Resources Limited (ASX: NES) has identified a new high-grade copper-gold target at the Cinnamon Property in Nevada, USA.
  • The Sheba target is associated with a significant epithermal signature, returning high-grade precious and base-metal results from reconnaissance rock-chip sampling.
  • The Sheba and Ophir targets are interpreted as part of the same broad intrusive-related hydrothermal system.
  • Ophir is prioritised as a near-surface tungsten skarn target, located immediately west of Guardian Metal Resources’ Pilot Mountain Tungsten Project.
  • Follow-up work includes detailed prospecting, geological mapping, and systematic rock-chip sampling at Sheba and Ophir.
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.