06:50 AM EDT, 04/09/2024 (MT Newswires) -- A.I.S. Resources ( AISSF ) overnight Monday said that it is renewing its focus on gold exploration in Australia.

Through its wholly-owned Australian subsidiary AIS Resources Aust. Pty, AIS continues to own 100% interest in the 28 square kilometers squared Fosterville-Toolleen Exploration License; 60% interest in the 58 km squared Bright Exploration License, with an option to buy 100%; and 100% interest in the 167 km squared Kingston Exploration License.

The company said previous work has identified "high-potential" drill targets on the Toolleen property, with geological characteristics similar to the neighboring high-grade Fosterville mine.

"The significant increase in gold prices has renewed interest in gold exploration, and the three properties in Australia are ready for immediate on-site work," Andrew Neale, president and CEO of A.I.S., said. "Our major shareholders are indicating their ongoing support for work in this area, and the Company is actively engaged in evaluating opportunities to raise the appropriate funding," The Company will be providing updates in a timely manner as these efforts progress."