Nelson Resources is an ASX-listed gold exploration company with a portfolio of five wholly owned gold projects located in Western Australia. All of Nelson’s projects are located within the Eastern Goldfields Superterrane of the Yilgarn Craton, which contains substantial greenstone belts, considered highly prospective for gold mineralisation. This area is one of the most gold-endowed regions in the world.
Since listing in December 2017, Nelson has completed its maiden 23 hole RC drilling program for 1,210m at the Socrates Gold Project. The program has tested 120m of a total 300m strike length, previously defined by geochemical surveys and the Company intends to commence a ground magnetic survey to gain a better understanding of the structural setting ahead of stage 2 drilling.
In addition, the Company has carried out its initial drill program at the Wallaby Prospect at the Yarrie Project, which returned a number of high grade gold intercepts which has significantly upgraded the prospectivity of this prospect. A follow up drill program is anticipated to commence mid 2018.