A.I.S. Resources Limited has concluded the initial drill program at the Bright Property with a total of 597.6m metres drilled at Golden Bar and 523.6m drilled at Reliance prospect for a total of 1,121.2m drilled from May 2022 to February 2023. Golden Bar GBDD003 returned; 75.35 to 77.1m, 1.75m @ 1.57g/t (inc. 0.3m @ 2.13 g/t, of visible gold) Drill hole GBDD006 encountered a broad zone of sulphide, quartz reef, and silicified shearing between 113.1 – 125.4m, demonstrably good signs of gold mineralisation. Significant results from GBDD005: 0.45m @ 18.56 g/t Au and 4,807 ppm As Significant results from GBDD006: 1.5m @ 1.34 g/t Au and 2,912ppm As from 113.2m, 2.65m @ 6.97 g/t Au and 2,72ppm As, including 1m @15.9 g/t from 122.9m, Myrtle Reef - High grade surface face sample 1.2m@14.22 g/t Au (lab repeat).

Broad low-grade shear related gold assayed in surface sampling indicated north of Rose, Thistle, and Shamrock mine. By 1905 mining fronts associated with the Home Reef and Shaw's Reef had concluded. At the conclusion of mining, it was calculated that Shaw's Reef yielded a grade of 10.14 g/t from 487.7 tonnes of ore and Home Reef yielded 22.28 g/t from 287 tonnes of ore.

The weighted average from a total of 779.3 tonnes of ore is 14.66 g/t, with auriferous pyrite contributing between 1.2-1.5 g/t1. Historically, the Golden Bar Reef was never mined with preference given to Shaws, Red Leader, and Home Reefs. Unexpectantly, the drilling to date at Golden Bar prospect likely shows that there exist decent prospects in considering the namesake reef a viable untouched insitu resource drill target.

Visible gold (GBDD003) and consistently high values for arsenic affirmed the potential for high grade gold on the Golden Bar reef with 0.45m @ 18.6 g/t from GBDD005 and 1.5 @ 1.34 g/t in GBDD006. These recent drill results (namely GBDD003, GBDD05, and GBDD006) are an excellent conclusion to a long drill campaign that produced widths consistent to mining records up plunge, however not consistent with historic grades. The presence for gold was consistently observed where arsenic was very high.

Generally, sub 1g/t and high-grade gold were observed to occur where arsenic was greater than 2,000ppm arsenic. Owing to the nuggetty nature of this style of mineralisation it should be expected that gold is typically underreporting, with occasional high-grade gold retuned from reefs containing high values of arsenic. This trend was also observed in a new, previously unexpected reef found in close proximity to the Golden Bar Reef.

This new reef returned 2.65m @6.82 g/t Au and 2,72ppm, including 1m @15.9 g/t in GBDD006. It is expected that these two merges down plunge and strike contributing to substantial upside potential.