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Nelson Resources rapidly exploring Goldfields ground with aim to define gold resource

Nelson Resources Ltd (ASX:NES) managing director Adam Schofield speaks to Proactive Investors about the recently-listed mineral explorer’s portfolio of gold projects in Western Australia.

“The Yarrie project is three tenements which are all historic mining operations from the early 1920s [and] there’s been little to no work done on these projects in the last two decades,” Schofield says.

He continues, “we started drilling at Yarrie in January last year and followed that up with a drill program in December.

“We’ve come up with some intersects that are very appealing, for instance 8 metres at 18 grams, of which 4 metres was at 40 grams – so some significant results that indicate we actually may be able to bring a resource up around this project.”

Quick facts: Nelson Resources Ltd

Price: 0.062 AUD

ASX:NES
Market: ASX
Market Cap: $7.12 m
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