Latest Nelson Resources (ASX:NES) News

Nelson Resources has completed a comprehensive soil sampling program at its Cinnamon Property in Nevada, affirming a high-grade copper-gold discovery at Sheba and prioritising the near-surface tungsten potential at Ophir.

Nelson Resources has identified a promising copper-gold target at its Cinnamon Property in Nevada, delivering rock-chip samples with significant grades and outlining a clear path for advancing both copper-gold and tungsten prospects.

Small-cap shares produced the week’s biggest moves, led by Xenitra’s 60% surge and Carnaby Resources’ takeover jump.
Mining news dominated, but sharp falls in Lotus Resources and several funded developers showed that new capital can still unsettle investors.

Nelson Resources has pushed the envelope on its Gold Point Project, unveiling a spectacular 113.5g/t gold assay from underground sampling at the Orleans Mine’s 400-foot level, confirming a structurally controlled high-grade vein system and setting the stage for imminent diamond drilling.

Nelson Resources has kicked off underground drilling at its high-grade Orleans Mine while advancing rehabilitation at Great Western Mine and securing a strategic tungsten property adjacent to a major US project. Exploration spending reached $794k, supported by a $2.1 million cash buffer.

Nelson Resources has pinpointed four key exploration targets at its Cinnamon Tungsten Property in Nevada, highlighting Ophir as a near-surface priority with strong alteration and a newly mapped quartz monzonite intrusion. Positioned next to Guardian Metal Resources’ Pilot Mountain project, the company plans immediate fieldwork to advance these prospects.

Nelson Resources has reported exceptional underground channel sampling results from its Orleans Mine in Nevada, revealing bonanza silver and high-grade gold mineralisation. The company is preparing to launch diamond drilling to test extensions beyond existing workings.

Nelson Resources has kicked off metallurgical testing on samples from its high-grade Orleans Mine and completed underground rehabilitation, setting the stage for a follow-up core drilling program to extend known mineralisation at the Gold Point Project in Nevada.

Nelson Resources appoints Nicholas Ong to its board while progressing underground drilling at its Gold Point project in Nevada, with assay results pending and a second drilling phase imminent.

Nelson Resources has appointed Nevada Rand LLC to lead the next phase of underground diamond drilling at its Gold Point Project in Nevada, targeting high-grade vein extensions beyond historic workings.

Speculative small caps drove the week, with Tasman Resources, Solis Minerals and Lithium Energy leading the board after funding, drilling and asset sale updates. At the other end, ASX Ltd and Arafura Rare Earths fell hard as investors reacted to higher costs and fresh equity issuance.

Small-cap materials stocks swung hard as fresh funding, mine build decisions and standout drill hits drove the week’s biggest moves. Gold, lithium, rare earths and tungsten names all drew buying, while a few raisings and weak follow-through after trading halts kept losses sharp.