A.I.S. Resources Provides an Update on Its Advanced Kingston Gold Project Located Adjacent to Navarre Minerals in Victoria’s Golden Triangle in Australia - Seite 2

In January 2012 Navarre Minerals Limited which held the concession at the time announced diamond drill results of 16.9m at 5.5g Au/t from a depth of 65.7m down-hole, including 3.1m at 29.5g Au/t. Visible gold was identified between 65.7m and 65.9m down-hole within a quartz breccia on the hanging wall side of a quartz lode structure.

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Drilling Undertaken by Current Owners
HQ Diamond Drilling was undertaken in four holes in March 2019 near the Old Kingston Mine site. Holes SWK001 to 4 were drilled by Starwest Drilling contractors to a depth of 70 to 80m. There was a range of results up to 24.27g/t Au.

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The Kingston Gold Project Site Visit
Phil Thomas, CEO inspected the old alluvial workings beside the Old Kingston Mine and the North Kingston mine. He traversed some of the area adjacent to ConnerCoote’s Prospecting Licence (PL) and inspected the significant outcrop of breccias and numerous shafts and old workings, some of which are up to 60 feet deep. The ConnerCoote PL covers the Old Kingston Mine and North Kingston Mine area.

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Commenting on the project, Phil Thomas stated, ”Our objective is to explore for larger zones of gold mineralisation. The target area has an extent of some 2 kilometres of strike compared to the 160 metres of strike tested by recent drilling at the historic Kingston shaft area. The extent of historic workings and gold and soil geochemical anomalies will be pursued. It is rare to find a late stage exploration gold project in Victoria with such a significant amount of quality data, and prospectivity. With COVID-19 restrictions going to phase 2 in Australia and summer approaching our timing is very good.

About the Toolleen-Fosterville Gold Project
The Toolleen-Fosterville Project includes the 26 sq km EL6001 located 12km from Kirkland Lake’s 7.58 Moz Au Fosterville Gold Mine and 42km from Bendigo, Victoria. The property has Permian glacials that have yielded gold nuggets on the surface. The property also includes an abandoned alluvial mine.

About the Yalgogrin Gold Project
The Yalgogrin 2.8 sq km EL5891 and 56 sq km ELA6030 properties are located 37km west of West Wyalong, New South Wales in the gold corridor. The properties include seven historical mines, 31 drill holes, extensive auger and many outstanding shallow gold intercepts with up to 32.2 gm/tonne.