Nelson Resources Confirms High-Grade Gold-Silver Beyond Historic Gold Point Boundaries

Nelson Resources Confirms High-Grade Gold-Silver System Extends Far Beyond Historic Mine Boundaries at Gold Point, Nevada

Nelson Resources Limited (ASX: NES) has delivered compelling exploration results from its Gold Point Gold-Silver Project in Nevada, USA, with detailed geological and structural mapping confirming that high-grade gold-silver mineralisation extends well beyond the boundaries of the historically mined area. Rock chip sampling has returned grades of up to 15.15g/t Au, 296g/t Ag, and 0.278% Cu from multiple mineralisation styles, reinforcing the Company's interpretation that Gold Point hosts a large-scale, underexplored magmatic-hydrothermal system.

The Nelson Resources Gold Point Nevada high-grade gold silver results are not limited to the known vein corridors. Mineralisation has now been confirmed across intrusion-hosted quartz veins, fault-hosted brecciated vein material, and skarn-style mineralisation, with the skarn footprint alone now traced for more than 850 metres. The Company has also staked 26 additional claims over the southern extension of the Sylvania Intrusion ridge, securing prospective ground that includes historic tungsten and copper workings.

"These results are another strong step forward for Nelson at Gold Point. The latest mapping shows that high-grade mineralisation extends well beyond the historic mine area and occurs across multiple styles, reinforcing the scale and quality of the system. Gold Point is increasingly shaping as a large, multi-style precious-metals opportunity, with near-mine targets supported by a broader district-scale discovery story." — Gernot Abl, Non-Executive Chairman, Nelson Resources Limited

What the Mapping Program Found and Why It Matters

The mapping program was deliberately designed to test ground distal to the historic workings, rather than simply confirming what was already known. Furthermore, the results demonstrate that high-grade mineralisation is not confined to the historically mined west-northwest-trending gold-silver vein system and extends across an increasingly broad footprint.

Standout Rock Chip Results

The following significant results were returned from samples collected during the mapping campaign:

These results complement and extend previously announced samples of 15.1g/t Au and 32.4g/t Ag (Sample C239875) and 13.8g/t Au and 357g/t Ag (Sample C239876), reported in January 2026.

Three Confirmed Mineralisation Styles

One of the most important takeaways from this programme is the confirmation of multiple co-existing mineralisation styles across the project area:

1. Intrusion-hosted quartz veins — High-grade gold-silver results from extensional and fault-hosted veins within and adjacent to the Sylvania Intrusion, which extends approximately 2km as a northeast-trending ridge. Elevated pathfinder elements including bismuth, molybdenum, tellurium, and tungsten are consistent with an intrusion-related gold system.

2. Skarn-style mineralisation — Garnet-pyroxene-wollastonite skarn developed along the contact between the Wyman Formation sedimentary units and the Sylvania Intrusive Complex. The skarn footprint has now been traced for more than 850 metres, with the standout sample (C239914) returning 15.15g/t Au, 43.2g/t Ag, and 0.278% Cu.

3. Fault-hosted and brecciated vein material — High-grade results from structurally controlled vein corridors beyond the historically mined zone, demonstrating that the system remains open and underexplored.

The Skarn Footprint Expansion — A Material Development

The expansion of the skarn mineralisation footprint to a confirmed 850-metre-plus strike length deserves particular attention from investors. The skarn was not the focus of any previous systematic modern exploration at Gold Point, and the grades now being returned are substantially higher than earlier sampling.

How Do the New Skarn Results Compare?

This grade improvement of nearly 9x on gold from prior skarn samples, combined with the expanded footprint, indicates the skarn system is more extensive and more richly mineralised than previously understood. In addition, elevated tungsten (214 ppm) in the same sample opens the door to critical minerals potential within the broader system.

New Ground Secured — Gold Point South

In a strategically significant move, Nelson has staked 26 additional federal lode claims over the southern extension of the Sylvania Intrusion ridge, covering ground that includes historic tungsten and copper workings:

• Ora Mae Tungsten Mine (W-Cu-Pb)
• North Star Prospect (W-Au-Ag-Pb)

Preliminary sampling from this newly secured ground has already returned highly encouraging results:

These results suggest the Gold Point South trend carries both precious metals and critical minerals potential consistent with what has been identified across the primary claim holding. The addition of these claims, therefore, strengthens Nelson's strategic position across the broader district.

Understanding the System: What Is a Magmatic-Hydrothermal System?

For investors who may be less familiar with exploration geology, here is a plain-language explanation of one of the key concepts in this announcement.

A magmatic-hydrothermal system refers to a mineralising environment driven by heat and fluids associated with an igneous intrusion — a body of rock formed from cooled magma. As hot, metal-bearing fluids circulate outward from the intrusion through surrounding rocks, they deposit metals including gold, silver, copper, and tungsten in fractures, veins, and along rock contacts, which is where skarns form.

Systems of this type tend to be large and host multiple styles of mineralisation simultaneously. A single magmatic-hydrothermal system can produce:

• High-grade epithermal-style veins (like the historically mined veins at Gold Point)
• Intrusion-hosted gold-silver stockworks and sheeted veins
• Skarn deposits at rock contacts
• Porphyry-style copper-molybdenum-gold mineralisation deeper in the system

The presence of multiple mineralisation styles across a wide footprint, confirmed by the latest mapping at Gold Point, is consistent with a large, zoned magmatic-hydrothermal system and increases the potential for multiple discovery outcomes from a single project.

Glossary of Key Terms

• Skarn: A rock formed when fluids from an igneous intrusion react with carbonate rocks, often producing garnet, pyroxene, and wollastonite, and concentrating metals such as gold, copper, and tungsten.
• Pathfinder elements: Chemical elements (e.g., bismuth, tellurium, molybdenum) that occur alongside gold or silver deposits and help geologists identify and trace mineralised systems.
• Breccia: A rock made up of angular fragments cemented together, often formed in fault zones or by hydrothermal fluid movement — a common host for gold mineralisation.
• Rock chip sample: A surface sample collected from exposed rock, used for reconnaissance-level assessment of grade and mineralisation style.
• Fire assay: The industry-standard analytical method for measuring gold content in rock samples.
• Walker Lane: A major northwest-trending structural corridor in the western United States, approximately 480km long, with reported gold production of more than 40 million ounces across a range of deposit styles.

District Context: What History Tells Us About Gold Point's Potential

The Gold Point district has a documented pre-WWII production history of approximately 75,000 ounces of gold at an average grade of 20–30g/t Au, accompanied by significant silver production. Those are exceptional historical grades by any standard.

What makes the Nelson Resources Gold Point Nevada high-grade gold silver results even more compelling is the context in which that production occurred. Historical mining was largely derived from only four of fifteen currently mapped high-grade gold-silver veins. Moreover, the district is now consolidated under single ownership for the first time in more than 140 years, enabling Nelson to pursue a unified, camp-scale exploration approach.

Additionally, Gold Point sits within a 90km radius district endowment of more than 40 million ounces of gold, and Nelson has the right to earn up to a 90% interest in the project, with a 2% net smelter returns royalty (of which 50% can be bought back for up to US$1 million). The combination of high historical grades, an underexplored multi-vein system, and a newly recognised broader magmatic-hydrothermal footprint positions Gold Point as a genuinely district-scale opportunity.

What Comes Next — Drilling Programme on the Horizon

The mapping results are being integrated with mine rehabilitation activities, underground access restoration, LiDAR surveys, geophysics, and 3D structural modelling to refine drill targets ahead of Nelson's maiden underground drilling programme.

Planned Work Programme

A key advantage of Nelson's approach is the use of restored underground access to conduct drilling from underground stations rather than solely from surface. This is expected to deliver:

• Shorter drill holes — reducing time and cost per hole
• Better drill angles — improved ability to intersect steeply dipping or sub-vertical vein structures at closer to true width
• Greater targeting precision — drill collars positioned adjacent to known high-grade zones
• Lower overall programme costs — relative to a surface-only drilling campaign

The immediate focus within the underground programme is on the Orleans and Great Western Vein systems, where rehabilitation is currently underway.

Investment Thesis: Why Gold Point Deserves Serious Attention

Nelson Resources is building a compelling exploration story at Gold Point across several dimensions simultaneously, and the latest Nelson Resources Gold Point Nevada high-grade gold silver results advance each of them.

Key Investment Considerations

1. Expanding mineralised footprint: High-grade gold-silver mineralisation has now been confirmed across multiple styles and extended well beyond the historic mine boundaries, demonstrating the system is larger than previously understood.

2. Exceptional historical grades as a benchmark: Pre-WWII production at 20–30g/t Au from just four of fifteen mapped veins sets a high bar for what the un-mined portions of the system may contain.

3. Multiple discovery frontiers: The project hosts at least four distinct mineralisation styles — epithermal-style veins, intrusion-hosted veins, skarn-style Au-Ag-Cu-W mineralisation, and broader porphyry-style Cu-Mo-Au potential — each capable of generating independent discovery value.

4. Critical minerals exposure: The confirmation of elevated tungsten and copper across the skarn and southern claim area adds a critical minerals dimension to what is primarily a gold-silver story.

5. District consolidation: Single ownership over the entire Gold Point district for the first time in over 140 years removes fragmentation risk and enables systematic, camp-scale targeting.

6. Tier-1 jurisdiction: Nevada is consistently ranked among the top mining jurisdictions globally, offering a stable regulatory environment and well-developed mining infrastructure.

7. Underground drilling advantage: The planned underground drilling programme is positioned to deliver higher-quality, more cost-efficient results than a comparable surface-only campaign.

8. Near-term catalyst: The maiden underground drilling programme represents a clear, near-term news flow catalyst as collar positions and targets are finalised.

Why Investors Should Keep a Close Eye on Nelson Resources

Nelson Resources has moved quickly since acquiring the Gold Point project in December 2025. In a matter of months, the Company has confirmed high-grade gold-silver mineralisation across multiple styles through surface mapping and sampling, expanded the known skarn footprint to more than 850 metres of strike, and secured additional ground over prospective southern extensions.

Furthermore, the Company has advanced underground rehabilitation toward drill-ready status and built a 3D model integrating geology, geophysics, LiDAR, and geochemistry. Each of these steps is additive to the drill programme that is now taking shape.

The integration of mapping results, underground access, and geophysical datasets means that when drilling commences, it will be targeting well-defined, high-priority intervals rather than conducting broad reconnaissance. The latest Nelson Resources Gold Point Nevada high-grade gold silver results demonstrate that the Company has systematically de-risked the exploration approach whilst expanding the discovery potential.

"Nelson Resources has rapidly transformed Gold Point from a historically significant but fragmented district into a unified, systematically explored camp-scale project. With high-grade rock chip results now confirmed across multiple mineralisation styles, a skarn footprint exceeding 850 metres, and a maiden underground drilling programme in preparation, Gold Point is shaping as one of the more compelling early-stage gold-silver exploration stories on the ASX. Investors should watch closely as drill targets are finalised and underground access is restored in the coming months."

Want to Catch the Next Major ASX Mineral Discovery the Moment It's Announced?

Discovery Alert's proprietary Discovery IQ model delivers real-time alerts on significant ASX mineral discoveries — transforming complex geological data into clear, actionable insights for investors at every experience level. Explore how major discoveries have historically generated exceptional returns on Discovery Alert's dedicated discoveries page, and begin your 14-day free trial today to position yourself ahead of the broader market.