A.I.S. Resources Limited provided an update on its exploration program at Bright Australia. GBDD003 finds two shows of visible gold at 75.5m of the Golden Bar Reef: AIS has commenced preparations for its fourth drill hole at Golden Reef. Highest ever gold content in soil assays of 4.53 g/t gold recorded near Rose, Thistle, and Shamrock mine.

LiDAR planned on lower half of tenement in January to identify new drill targets near old workings. Legacy LiDAR interpretation shows hundreds of historic worked reef lines on the 57km2 exploration licence. Logging of hole GBDD003 at Golden Bar is complete with samples ready to be dispatched for assay prior to the holiday break.

AIS geologists have found that the intersection associated with the Golden Bar Reef (Figure 1) measures 4.45m down hole, which is expected to be nearly representative of the true width. It is expected that this interval has a true width of about 4m. These faults bound a visible gold intersection which has now been established as containing 2 visible gold occurrences in a white mica/siderite fracture fill at 75.5m (Figure 2).

This fracture fill of the quartz vein hosting the visible gold showings gives it a distinctly ‘olive green’ appearance.