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Nelson Resources Ltd. ( (AU:NES) ) has shared an update.
Nelson Resources has completed underground rehabilitation at the historic high-grade Orleans gold-silver mine in Nevada, paving the way for its maiden underground drilling campaign. The work restores access via the Dunfee decline and establishes drill platforms that should reduce costs, improve drill precision and minimise surface disturbance compared with surface drilling.
Recent chip sampling from the 300-foot level returned 77.9 grams per tonne gold and 46.1 grams per tonne silver over one metre, reinforcing the potential for high-grade mineralisation at depth near historic stopes. Nelson plans an initial program of four short underground holes, followed by up to 15 diamond holes to extend the Orleans vein, while also advancing rehabilitation planning at the nearby Great Western mine to systematically test multiple high-priority targets across the broader Gold Point underground network.
More about Nelson Resources Ltd.
Nelson Resources Ltd. is an ASX-listed exploration company focused on high-grade gold and silver projects, with a key asset at the historic Gold Point district in Nevada’s Walker Lane. The company is targeting underexplored underground vein systems, leveraging existing mine workings to pursue cost-efficient, high-impact drilling programs in a historically productive but largely underdeveloped area.
Current Market Cap: A$8.21M
For detailed information about NES stock, go to TipRanks’ Stock Analysis page.