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A.I.S. Resources Identifies Six Reefs in Sheehans Historic Mine Area and Commences Due Diligence for West Wyalong Advanced Gold Project
VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Ltd. (TSX-V:AIS) (“AIS” or the “Company”) announces commencement of due diligenc
About this update from Ais Resources Ltd
[{"type":"text","content":" VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Ltd. (TSX-V:AIS) (“AIS” or the “Company”) announces commencement of due diligence on the Yalgogrin orogenic gold project (the “Project”) with a detailed review of RC and Air Core drilling sample trays and surface samples and identification of six reefs in Sheehans historic mine area. The detailed information has been entered into Micromine and Mapinfo software. Rockchip samples were reviewed and four samples had fire assay gold values of 4.89gm/t YR74, 4.82gm/t YTRD, 1.012gm/t YR21, and YR8 1.756 as well as silver being present. Six Reefs Discovered On EL6030 Approximately 10.1 km southwest of Yalgogrin is a group of workings comprising the Asia-Wyalong Mine, Rowe and Prestons Mine, and the Sheehan Mine, which were staked as EL6030. Further research has identified six reefs in the Asia Wyalong – Sheehans historic mine area. Magnum Gold NL conducted some auger drilling in 1990. The main workings comprise of three shafts up to 91.5m deep, drives, crosscuts, winzes, stoping and shallow pits extending about 15.3m over the surface. Prior work was mostly carried out between 1932 and 1936 on a number of quartz veins, which were between 0.76 and 2.2m wide. They strike 340o, with a near vertical dip. Altogether there are six parallel reef lines within a 60m wide strip. They run parallel to the cleavage and include numerous smaller crosscutting veins. The richest gold is reported to have come from the intersection between the main veins and the smaller veins. Officially, a total of 21.225 kg of gold was won from ore yielding 36g/t (1.15 troy oz) Au up to 1936. Fig 3 below shows the arsenic contours that correlate with gold at 20 ppm, eight mine workings, the main shaft and head frame and the auger locations. Exploration Strategy for the Yalgogrin Gold Project The primary exploration targets on EL 5891 are large tonnage low to medium grade deposits amenable to open pit mining. The secondary exploration targets on EL 5891 are high grade resources amenable to underground mining. The tenement is deemed prospective for these types of mineralisation due to: extensive gold in soil anomalism; historical high grade gold mining; high grade rock chips; extensive low grade rock chips; extensive mineralisation identified in trench sampling; intersecting mineralized veins ...