Nelson Resources Ltd

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: $0.04

Market: ASX
Market Cap: $1.96 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

1 day ago

2 min read