viewNelson Resources Ltd

Nelson Resources secures second rig for 6,000-metre RC campaign at Woodline Project in Fraser Range

The 68-hole, 6068-metre RC drilling program is designed to infill current diamond drilling programs at Grindall, Redmill and Socrates.

Nelson Resources Ltd - Nelson Resources begins RC drilling campaign at Woodline Project in Fraser Range
The new RC rig will complement the Desco SP7000S diamond drill rig (above) recently purchased by the company

Nelson Resources Ltd (ASX:NES) will step-up exploration at its 100%-owned Woodline Project in the Fraser Range of Western Australia after securing a Schramm T450 RC drilling rig to complement the diamond drill rig acquired in November 2020.

A 68-hole, 6,068-metre reverse circulation (RC) program is planned to begin later this month at the Socrates, West Socrates, East Socrates, Grindall and Redmill projects utilising the second company-owned rig.

The has been designed to infill the current 1000-1500 metre diamond drilling at Grindall, Redmill and Socrates, which is on track to be completed by the end of January, and will also test newly identified potential strike.

“Enabling efficient drilling”

The Schramm T450 RC rig is being prepared for service and is capable of drilling more than 300-metre-deep RC holes.

Nelson executive director and CEO Adam Schofield said: “Nelson’s purchase of its second drilling rig and specifically an RC rig, is a significant step for the company given the high demand and inability to secure RC rigs in WA.

“This RC rig will drill at approximately 10 times the rate of the diamond rig enabling us to efficiently drill our large-scale gold targets.

“The diamond and RC drill rigs will provide significant flexibility and complement each other, saving us considerable time and cost going forwards.

“The money saved will pay the capital costs of the drill rig within the quarter.”

RC drilling program

The planned work programs are:

  • 24 RC drill holes for 1287 metres at Socrates to test the northern and southern extensions to the existing mineralisation as identified by the Loupe EM survey;
  • 14 RC drill holes for 1020 metres at West Socrates to further test strike and dip identified from previous drilling in 2018;
  • 4 RC drill holes for 480 metres at East Socrates which is a newly identified structure further identified by the recent geophysics;
  • 19 RC drill holes for 2530 metres at Grindall to test a structural target that has been identified from the Loupe EM survey and historic RC drilling in 2010; and
  • 7 RC drill holes for 760 metres at Redmill to test a structural target identified from the Loupe EM survey and historic RC drilling results.

Socrates Loupe electromagnetic survey showing interpreted target structures, planned RC drill holes, results from previous drill holes and diamond drill holes currently underway.

Results expected by March

Exploration results from the RC program to be ready for reporting in late February/early March.

Schofield said: “We are very excited about the planned RC program as it allows us to begin in earnest to test the large-scale potential of our gold targets.

“We now have the ability to undertake our drill programs as required and to optimise the drilling by choosing the style of drilling we conduct.

“As such we anticipate delivering significant news and value to our shareholders in the coming year.”

Future exploration

Planned fieldwork programs for 2021 include:

  • Completion of the current diamond drilling program that is already underway at Grindall and Redmill and Socrates followed by planning of an enlarged diamond drilling program;
  • Commencement of planned RC drilling program at Grindall and Redmill and Socrates followed by planning of an enlarged RC drilling program;
  • Induced Polarisation and electromagnetic geophysical surveys to map the disseminated sulphides at West Socrates to assist with definition of additional drill targets; and
  • Follow-up surface geochemistry, geophysics and drilling at the Morris nickel prospect which will be completed in conjunction with on-going exploration at the company’s Tempest gold and nickel project - 100 kilometres east of Woodline.

Quick facts: Nelson Resources Ltd

Price: 0.11 AUD

Market: ASX
Market Cap: $15.89 m

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