Four priority targets defined from airborne geophysics at Cinnamon property adjacent to Pilot Mountain. CEO calls Ophir target particularly compelling.
Alpha Score of 68 reflects moderate overall profile with strong momentum, strong value, weak quality, moderate sentiment.
Nelson Resources (ASX:NES) has defined four priority drill targets on its Cinnamon tungsten project in Nevada, the company said Tuesday, based on new high-resolution airborne geophysics and hyperspectral analysis.
The work identified a strong hydrothermal system beneath the property, which sits immediately west of Guardian Metals' Pilot Mountain project, one of the more advanced undeveloped tungsten deposits in the U.S.
CEO Gernot Abl told shareholders the Ophir target was particularly compelling because the geophysical and hyperspectral signatures were backed by field observations of strong epidote-chlorite alteration and a previously unmapped quartz monzonite intrusion. Levant, Malabar and Serica are additional targets tied to structural and alteration responses above a broader magnetic feature.
The company staked Cinnamon after public-domain USGS data showed a magnetic high extending west from Pilot Mountain into Nelson's ground. The new surveys give a much sharper picture of what lies beneath, Abl said.
Nelson shares rose 16.7% to 0.4¢ on the news, giving it a market cap of A$8.35 million.
With tungsten prices strengthening and the U.S. pushing for domestic supply of critical minerals, the Cinnamon ground sits in a strategic corridor. The next phase of work will cover structural mapping and systematic geochemical sampling.
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