- A.I.S. Resources Limited (AIS) has outlined four drill hole targets on its newly developed Reliance Reef area on its Bright Gold Project
- It tested an exploration prospect at Reliance and evaluate rig suitability for resource drilling at the nearby Golden Bar target
- The Reliance Mine appears to be the richest gold producing mine in the district
- A.I.S. is hoping to see whether or not the Reliance and Elgin reef’s are one structure
- Gold deposits have been known to be in these saddle reef structures
- A.I.S. Resources Limited (AIS) is unchanged trading at $0.02 per share as of 3:08 p.m. ET
A.I.S. Resources Limited (AIS) has outlined four drill hole targets on its newly developed Reliance Reef area on its Bright Gold Project.
A.I.S. designed its drill program to test an exploration prospect at Reliance and evaluate rig suitability for resource drilling at the nearby Golden Bar target.
According to historical data, the Reliance Mine appears to be the richest gold producing mine in the district.
A target drill program will test width, proximity, and strike orientation and is to be followed by a further step out program to test continuity at depth and orientation.
Also noted was the relationship of the saddle reef to any nearby fold hinges. This is said to be because 3D modeling has demonstrated that the lower Elgin Reef is close to a four-metre-wide fold from historic mine plans.
A.I.S. stated gold deposits have been known to be in these saddle reef structures.
The company expects the program should be able to determine the areas around historic workings to credit the notion that the Reliance Reef and upper Elgin Reef are a part of the same structure.
A.I.S. is working alongside the State Government roads manager and is actively engaging with the surrounding community for advice on future work.
As a part of community collaboration an additional feature of the drill program at Reliance has been created to assess noise emanations.
Data recorded from this feature will be incorporated with a noise management plan for the benefit of local residents at the Golden Bar prospect.
A.I.S is working with Clarus Resources Pty. Ltd. who have agreed to explore the Bright Gold Project as a joint venture.
A.I.S. Resources Limited (AIS) is unchanged trading at $0.02 per share as of 3:08 p.m. ET.
