Can Nelson Resources’ Gold Point Find Transform Nevada’s Gold Landscape?

Discovery Highlights

Nelson Resources Limited (ASX, NES) has announced a significant breakthrough at its Gold Point Project in Nevada, USA, revealing high-grade gold and silver mineralisation hosted within the Jurassic Sylvania Intrusive Complex. Rock chip sampling has returned impressive assays, including up to 15.1 grams per tonne (g/t) gold and 357 g/t silver, confirming the presence of multiple mineralisation styles beyond the historically mined veins.

The discovery includes sheeted quartz veins and stockwork zones within granitic rocks, located approximately 2.5 kilometres southwest of the historic high-grade vein systems at Gold Point. These results not only extend the known mineralised footprint but also suggest a large-scale magmatic-hydrothermal system underpinning the district’s gold-silver endowment.

Geological Context and Mineralisation Styles

The Sylvania Intrusive Complex, a substantial Jurassic batholith, hosts multiple gold-silver quartz veins with grades exceeding 3 g/t gold. Notably, samples from sheeted veins returned 15.1 g/t Au with 32.4 g/t Ag and 13.8 g/t Au with 357 g/t Ag, accompanied by elevated pathfinder elements such as arsenic, bismuth, molybdenum, tellurium, and tungsten; hallmarks of intrusion-related systems.

In addition to quartz veins, skarn mineralisation proximal to the intrusive contact has been identified, yielding gold grades up to 1.73 g/t and silver up to 139 g/t. This skarn style represents a previously unrecognised component of the district’s mineralisation, adding further complexity and exploration upside.

Strategic Implications and Next Steps

Nelson’s Non-Executive Chairman, Gernot Abl, emphasised the significance of these findings, highlighting the potential for a district-scale mineralised system extending well beyond historic workings. The company is preparing to mobilise field teams to conduct detailed geophysical surveys, structural mapping, and geochemical sampling to refine drill targets.

Planned activities include underground multi-spectral and LiDAR surveys, systematic channel sampling, and geophysical programs such as magnetics and induced polarisation. These efforts aim to develop a 3D geological model to prioritise targets for a maiden drilling campaign scheduled for the second quarter of 2026.

Broader Project Potential

The Gold Point Project sits within the Tier-1 mining jurisdiction of Nevada’s Walker Lane District, an area with a rich history of gold production exceeding 40 million ounces within a 90-kilometre radius. Historic mining at Gold Point produced approximately 75,000 ounces of gold at high grades, primarily from four of fifteen mapped veins.

Nelson’s recent work has uncovered new mineralisation styles, including intrusion-hosted veins, skarns, and porphyry-related targets, opening multiple discovery frontiers. This diversification enhances the project’s exploration potential and positions Nelson Resources to unlock significant value as it advances towards drilling.