Nelson Resources has reported exceptional high-grade gold and silver rock chip assays from its Gold Point project in Nevada, confirming extensive mineralisation and setting the stage for maiden drilling in 2026.
- Rock chip samples up to 32.7g/t gold and 574g/t silver
- High-grade veins extend at least 2km along strike
- Multiple +10g/t gold samples west of historic mines
- Preparations underway for detailed mapping and maiden drilling in Q2 2026
- Gold Point located near AngloGold Ashanti’s Arthur Gold Project
Exceptional Assay Results Validate Historic Potential
Nelson Resources Limited (ASX – NES) has delivered a compelling update from its Gold Point project in Nevada, reporting rock chip assays that reveal spectacular grades of gold and silver. Samples have returned up to 32.7 grams per tonne (g/t) gold and 574 g/t silver, reinforcing the high-grade nature of the mineralisation in this historic mining district.
The recent reconnaissance sampling program, designed to validate historic data and explore extensions of known veins, has confirmed that the gold-silver vein systems extend for at least 2 kilometres along strike. Notably, veins west of the Grand Central and Great Western Mines yielded multiple samples exceeding 10 g/t gold, with standout results including 32.2 g/t gold and 28.4 g/t silver, and 31.7 g/t gold paired with 100 g/t silver.
Expanding the Known Mineralised Footprint
Beyond validating historic workings, the sampling has identified promising new vein sets, including north-striking quartz veins that have received little prior attention. These veins returned significant assays such as 4.84 g/t gold and 427 g/t silver, indicating additional structural controls on mineralisation that could broaden the project's scope.
Samples from the western extensions of the Cook Mine vein system also returned encouraging grades, with assays up to 6.93 g/t gold. This suggests that high-grade mineralisation is not confined to previously mined areas but extends into underexplored zones covered by alluvial deposits.
Strategic Location and Next Steps
Gold Point sits within Nevada’s prolific Walker Lane district, approximately 70 kilometres from AngloGold Ashanti’s Arthur Gold Project; the largest greenfield gold discovery in the United States in the past two decades. This proximity adds strategic value to Nelson’s project, positioning it within a highly prospective gold corridor.
Nelson is advancing rapidly, with plans underway for detailed surface and underground geological mapping, systematic sampling, and geophysical surveys. These efforts aim to refine high-priority drill targets ahead of maiden drilling scheduled for the second quarter of 2026. The company intends to develop a comprehensive 3D structural and lithogeochemical model to guide exploration and maximise the potential of this consolidated district, which has been under single ownership for the first time in over 140 years.
Unlocking a High-Grade Opportunity
Nelson’s Non-Executive Chairman, Gernot Abl, emphasised the significance of these results, highlighting the “exceptional rock chip results” and the “significant untapped upside” in the district. The company’s methodical approach to integrating geological, geochemical, and geophysical data reflects a commitment to disciplined exploration in a Tier-1 jurisdiction.
While these rock chip assays do not yet define a resource, they provide a robust foundation for Nelson’s upcoming drilling campaign. The project’s combination of historic high-grade production, recent assay validation, and strategic location suggests that Gold Point could emerge as a transformative asset for the company in 2026 and beyond.
Bottom Line?
Nelson Resources is poised to turn high-grade surface results into a drilling campaign that could reshape its prospects in Nevada’s Walker Lane.
Questions in the middle?
- How will maiden drilling results compare with these high-grade rock chip assays?
- What is the potential scale of mineralisation beyond the currently identified 2km strike length?
- How might Nelson’s 3D structural model influence target prioritisation and drilling strategy?