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Nelson Resources Appoints Drilling Contractor for Major Yarri Gold Program

Story Highlights
  • Nelson Resources hired Australian Surface Drillers for its largest RC drilling campaign at the Yarri Gold Project.
  • An 11,544-metre Yarri drill program, fully funded by MEGA Resources, will test high-priority high-grade gold targets soon.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nelson Resources Appoints Drilling Contractor for Major Yarri Gold Program

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The latest update is out from Nelson Resources Ltd. ( (AU:NES) ).

Nelson Resources has appointed Australian Surface Drillers as the contractor for a newly approved reverse circulation drilling campaign at its Yarri Gold Project in Western Australia, marking the most extensive drill program undertaken on the asset. The Program of Work allows for 230 RC holes totaling 11,544 metres, with an initial 3,000-metre phase to test high-priority targets around previously reported high-grade intersections, while partner MEGA Resources will fully fund up to $10 million in drilling and operations and manage permitting, with mobilisation to site expected to begin shortly and assay results to be released progressively.

The most recent analyst rating on (AU:NES) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Nelson Resources Ltd. stock, see the AU:NES Stock Forecast page.

More about Nelson Resources Ltd.

Nelson Resources Limited is an Australian gold exploration company listed on the ASX, focused on advancing its Yarri Gold Project near Kalgoorlie in Western Australia. The company targets high-grade gold mineralisation through systematic drilling and exploration programs in a historically significant gold district.

Current Market Cap: A$13.69M

Find detailed analytics on NES stock on TipRanks’ Stock Analysis page.

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