Nelson Resources Limited provide an exploration update for its 100% owned Fortnum project. The project is adjacent to the Westgold operations at Fortnum Gold Mine, 130 km north-northwest of Meekatharra, Western Australia. The Fortnum Project consists of two exploration licences, Billara (E52/3695, granted 2019) and Billara Bore (E52/4133, granted 2022),100% owned by Nelson Resources.

The project is entirely covered by a single native title claim by the Jidi Jidi people. Previous work at Nelson's Fortnum project includes surface sampling and drilling programs that date back to the 1980's. The initial work completed in the early-1990's identified a gold-in-soil anomaly across the central-north of what is now Nelson's Fortnum Project. These surface soil anomalies were drilled with RAB drilling up to the mid-1990's and a number of anomalous intersections were returned.

The work completed by previous explorers defined two corridors of anomalous gold-in-soil: in the centre and on eastern side of the tenement. Several RAB drilling programs tested under these areas, during the 1990's, and intersected anomalous gold in basement. Several areas were tested with set-depth, shallow holes which did not test the full depth of the weathered profile.

These areas represent an opportunity to rapidly advance the project. The Company is confident that the previous work is valid and that the work has defined a target area which is incompletely tested. The Company will complete a staged approach to drilling these targets commencing with a 50 hole, aircore drilling program.

The drilling is designed to extend and confirm the existing anomalous gold zones and provide the basis to develop RC drilling targets. The Company is engaging with the native title holders regarding a heritage clearance program for the aircore drilling to proceed. The Company expects drilling to be commencing in Q2, 2023.