Nelson Resources Begins Underground Rehab at Gold Point Ahead of Q3 2026 Drilling

Mine Rehabilitation Kicks Off at Orleans Mine

Nelson Resources (ASX:NES) has started underground rehabilitation at the historic Orleans Mine within its Gold Point Gold-Silver Project in Nevada, a significant operational milestone that clears the path for its maiden underground drill program planned for Q3 2026. The rehabilitation focuses on stabilising and reopening the Dunfee decline to regain access to drill platforms on the 300’ level, where the company plans to deploy underground drilling stations.

This move is designed to enhance drilling efficiency and precision by allowing shorter, better-angled holes directly into the high-grade vein system, compared with surface drilling. Nelson has engaged Nevada Rand LLC to clear blockages and secure ground conditions, with completion expected by late Q2 2026.

Unlocking Substantial Untapped High-Grade Potential

Gold Point's historical production of approximately 75,000 ounces of gold at grades between 20 to 30 grams per tonne was derived from only four of the fifteen mapped veins, leaving a vast majority of the high-grade system untested. The project now benefits from consolidated ownership of 195 lode claims and 7 patented claims for the first time in over 140 years, enabling a unified exploration strategy across the district.

Recent surface and underground sampling reinforce the project's upside, with grab samples returning up to 7.34 g/t gold and 574 g/t silver underground, and surface samples hitting 32.2 g/t gold and 244 g/t silver, confirming the system extends at least two kilometres along strike. This exploration approach combines underground mapping, LiDAR surveys, and geophysical data integration to sharpen drill targeting.

Nelson's chairman, Gernot Abl, highlighted the significance of restoring underground access, noting it will allow the company to test the vein system more cost-effectively and with greater accuracy. This rehabilitation and drilling strategy also dovetails with the company’s ongoing surface exploration efforts to refine priority targets.

Technical Work and Surface Exploration to Support Drilling

While the Dunfee decline rehabilitation progresses, Nelson continues district-scale geological and structural mapping alongside multi-element rock chip sampling. The integrated data set will guide drill targeting within the Orleans and Great Western vein systems and support the design of the maiden underground program.

This technical groundwork is a natural extension of recent initiatives, including the launch of geophysical surveys at Gold Point, aimed at identifying extensions of historic high-grade veins ahead of drilling. Together, these efforts position Nelson to move from access restoration to drill execution with a more informed and efficient workflow.

Strategic Significance of Gold Point Project

Situated in Nevada’s Tier-1 mining jurisdiction, the Gold Point Project covers a 15 km² area near the historic mining town of Gold Point, surrounded by a region with over 40 million ounces of gold endowment within a 90 km radius. The project’s extensive underground workings provide rare direct access to remnant mineralisation, supporting Nelson’s unique exploration strategy that integrates underground and surface methods.

With rehabilitation and drilling planned in the coming quarters, Nelson is poised to test high-grade gold-silver veins that remain largely unexplored since historic mining, potentially unlocking significant value if the maiden underground program confirms continuity and grade.