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A.I.S. Resources (TSXV:AIS) intersects high-grade gold at Bright Property in Australia

Market News, Mining
TSXV:AIS
16 May 2023 12:04 (EDT)

A.I.S. Resources (V.AIS) completes initial drill program at its Bright Property in Australia.

The company drilled 597.6 metres at the Golden Bar Prospect and 523.6 metres at the Reliance Prospect.

In total, 1,121.2 metres were drilled between May 2022 and February 2023 at the Bright Property.

Some of the highlights include Golden Bar GBDD003 returning 75.35 to 77.1 metres, 1.75 metres at 1.57 g/t, including 0.3 metres at 2.13 g/t of visible gold.

Drill hole GBDD006 also demonstrated signs of gold mineralization.

The company said the Golden Bar drill program was intended to test the geological model down lunge of the historic reef workings of Shaw, Home and Red Leader.

Historical production at Golden Bar and adjacent reefs was 58,753 tons of ore for 20,479 ounce of gold at a grade of 10.84 g/t.

A.I.S. Resources is focused on lithium, gold, and other precious and base metals exploration.

Shares of A.I.S. Resources (AIS) are unchanged at C$0.015 .

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