Rock-chip sampling by Nelson Resources (ASX: NES) at its newly acquired Gold Point project in the US state of Nevada has returned spectacular grades of up to 32.7 grams per tonne gold and 574g/t silver.
Nelson collected 42 samples as part of a reconnaissance field program to validate historical work and test the potential for western extensions to high-grade gold-silver veins.
The results confirmed the scale and tenor of the mineralisation, with veins positioned to the west of the Grand Central and Great Western mines.
Preparations are now underway to commence detailed surface and underground mapping and systematic sampling to fine-tune high-priority drill targetsat Gold Point, for which Nelson signed an agreement to earn up to a 90% interest in late last year.
The company has commenced discussions with preferred drilling contractors ahead of a planned maiden drilling campaign in the second quarter.
Consistent High Grades
Multiple gold samples returned grades above 10g/t, including 32.2g/t gold and 28.4g/t silver, 31.7g/t gold and 100g/t silver, and 18.6g/t gold and 61.5g/t silver.
Veins representing potential western extensions to the Cook mine vein system returned best results of 5.28g/t, 5.1g/t, and 3.58g/t, while underground grab samples at the Orleans mine returned as high as 7.34g/t gold and 574g/t (18.5 ounces per tonne) silver.
“The multiple samples returning more than 10g/t gold from veins west of the historic Grand Central and Great Western Mines, combined with strong underground results at Orleans, highlight significant untapped upside in this consolidated district—the first time in over 140 years it has been under single-ownership control,” non-executive chair Gernot Abl said.
“We are excited to advance this high-grade opportunity in Nevada's prolific Walker Lane—just 70kilometres from AngloGold Ashanti’s major Arthur discovery—positioning Nelson for transformative exploration success in 2026.”
Yarra Project Drilling Campaign
Elsewhere, Nelson has contracted Australian Surface Drillers for an upcoming reverse circulation program at its Yarri gold project in Western Australia.
The campaign – which will comprise 230 drill holes for a total of 11,544m – represents the most comprehensive campaign undertaken at the project to date.
The first phase of 3,000m will test a series of high-priority targets identified from recent exploration work and will seek to build numerous high-grade gold intercepts historically reported, such as 8m at 18.1g/t gold including 3m at 44.1g/t from 101m.
Mega Resources will fully fund the campaign and manage all permitting, planning, and operational requirements under an agreement signed last October.
