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Nelson Resources (ASX:NES) announces encouraging aircore drilling results at Fortnum Gold Project

Nelson Resources (ASX:NES) Fortnum Gold Project update


Nelson Resources Limited (ASX:NES) has released the assay results from the recent 46 hole, 2,640m aircore drilling program at the Fortnum Gold Project, Western Australia. The results revealed up to 7.31g/t gold over 4m, showcasing the significant potential of the project located 12km from Westgold's Fortnum mine.

Executive commentary on Fortnum Gold Project aircore drilling results


We are encouraged by the results from the recent aircore program at Fortnum. These results come at a time when it appears that investor focus is now shifting back to the gold sector as global inflation fears are appearing to lessen. In addition, the price of gold is reaching new highs which is a commercial reality that we cannot ignore. Fortnum hosts what could be a significant mineralised system, which needs to be further tested through deeper drilling into fresh basement rock.

Summary of Nelson Resources' Fortnum Gold Project update


Nelson Resources (ASX:NES) has announced highly encouraging assay results from the recent aircore drilling program at the Fortnum Gold Project. The results demonstrate the potential of the project to host significant gold mineralisation, with best results including 12m @ 2.59g/t Au from 44m and 8m @ 0.54g/t from 36m. The Company considers that future programs at Fortnum should include deeper RC drilling to test mineralisation at depth. The project, situated 12km from Westgold's Fortnum mine, is well located for infrastructure and potential development options. Nelson's exploration efforts and compilation of historical data have defined several targets, and further work is ongoing to understand the mineralised system at the Fortnum Gold Project.

Sourcehttps://announcements.asx.com.au/asxpdf/20231207/pdf/05y9cs8bbw1497.pdf

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