Nelson Resources Limited (ASX:NES) commences mine rehabilitation at Gold Point ahead of maiden underground drill program

Nelson Resources has advised that underground mine rehabilitation has commenced at the historic Orleans Mine within its Gold Point Gold-Silver Project in Nevada.

The announcement states that the works will restore access to existing drill stations and support the Company’s maiden underground drill program, targeted for Q3 2026.

Highlights

• Rehabilitation underway at the historic Orleans Mine, the source of the majority of Gold Point’s historical production of at least 75,000oz Au at 20–30g/t
• Reported historical production derived from only 4 of 15 mapped veins, leaving the broader system largely untested
• Dunfee decline stabilisation underway to regain access to the 300’ level drill platforms, with work expected to be completed in late Q2 2026
• Maiden underground drill program targeted for Q3 2026
• Gold Point covers 195 lode claims and 7 patented claims, and for the first time in more than 140 years, is consolidated under one owner

Nelson has contracted local contractor Nevada Rand LLC to execute the rehabilitation work, and confirms that crews have already cleared the blockage at the 250’ level and are currently focused on securing ground conditions near the 300’ station.

The announcement states that, once access is restored along the 300’ level, the Company will utilise historic cross-cuts as underground drill stations to test the Orleans vein zone, which is described as dipping 45–50° to the north-northeast.

The announcement states that this approach involves drilling from underground positions within the mine, using existing development to access the vein system, and notes that underground drilling is expected to deliver shorter holes, better angles, lower costs and higher precision compared with surface drilling.

The announcement further states that underground mapping, sampling and LiDAR surveys will run in parallel and are expected to be substantially completed during Q3 2026.

Nelson Non-Executive Chairman Gernot Abl said,

“Commencement of rehabilitation at the Orleans Mine is an important step for Nelson as we advance Gold Point towards maiden drilling in Q3. By restoring access to existing underground drill positions, we can test this high-grade past producing gold-silver system far more efficiently and cost-effectively than from surface.”

Underground grab samples at Orleans returned up to 7.34g/t Au and 574g/t Ag, 5.61g/t Au and 84g/t Ag, and 1.38g/t Au and 289g/t Ag, and recent surface sampling elsewhere within the claims returned up to 32.2g/t Au and 244g/t Ag, confirming that the WNW-trending high-grade gold-silver system extends for at least 2km along strike.

Gold Point covers 195 federal lode claims and 7 patented lode claims near the historic mining town of Gold Point in Nevada, and that reported historical production of approximately 75,000oz Au at an average grade of 20–30g/t Au was derived from only 4 of 15 currently mapped high-grade gold-silver veins.

In parallel with the decline stabilisation, the Company is continuing district-scale surface geological and structural mapping, together with multi-element infill rock chip sampling, to refine priority targets across the broader Gold Point Project.

It states that the integrated dataset will be used to refine priority drill targets within the Orleans and Great Western vein systems, support the design of the maiden underground drill program targeted for Q3 2026, and strengthen targeting across the wider claim package, including historically underexplored skarn and porphyry targets.

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