Nelson Resources Limited (ASX: NES) has released assay results from its recent 46-hole, 2,640-meter aircore drilling program at the Fortnum Gold Project in Western Australia. Notably, the findings include gold concentrations of up to 7.31g/t over a 4-meter interval, underscoring the project's considerable potential. Positioned just 12km from Westgold's Fortnum mine, the project enjoys a strategic location with proximity to infrastructure and potential development options.
Non-executive Chairman Peter Bird expressed optimism, emphasizing the encouraging results at a time when investor focus is shifting back to the gold sector amid easing global inflation fears and rising gold prices. The outcomes highlight the Fortnum Project's capacity for significant gold mineralization, prompting consideration for future programs that incorporate deeper RC drilling to explore mineralization at increased depths.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.