A.I.S. Resources Ltd. confirms the Company will not proceed with the option to acquire a 100% interest in the 1,525 hectare Yareta XIII lithium concessions in Salta, Argentina. Andrew Neale, President & CEO of AIS commented, "AIS acquired this option in June 2021 as part of a larger package of lithium properties arranged by the company's previous CEO. While the concession area is quite large, less than half lies over the [...]
A.I.S. Resources Ltd. wishes to confirm the recent decision of C29 Metals Limited not to proceed with their option to acquire an 80% interest in the Pocitos 7 & 9 lithium concessions in Salta, Argentina. The due diligence completed by C29, confirmed concerns around minimal lithium grade and porosity of the aquifer zone encountered during the C29 drill program. Considering these findings, AIS has declined the opportunity [...]
A.I.S. Resources Ltd. is pleased to announce the appointment of Andrew Neale as President and CEO of the Company, in addition to his role as Director as announced on March 15th, 2023. Martyn Element, Chairman, stated, "Speaking on behalf of AIS we are pleased that Andrew Neale has agreed to join our executive team, allowing me to re-focus my efforts as Chairman of the Board. Andrew has extensive experience at the [...]
A.I.S. Resources Ltd. 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. Highlights are: Golden Bar GBDD003 returned; 75.35 to 77.1m, 1.75m @ 1.57 g/t Drill hole GBDD006 encountered a broad zone of sulphide, quartz reef, and silicified shearing between [...]
A.I.S. Resources Ltd. announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 16,240,000 warrants expiring on May 9, 2023. The share purchase warrants were issued pursuant to a private placement of 16,240,000 units accepted for filing by the TSXV on April 5, 2022. The warrants will be extended for a period of one year until May 9, 2024. The exercise price remains unchanged at $0.05 [...]
A.I.S. Resources Ltd. announces that Recharge Resources has exercised its option to acquire Pocitos 1 from Spey Resources . In accordance with AIS' option agreement with Spey and AIS' underlying option agreement with Ekeko S.A., AIS will receive net proceeds as follows: POCITOS 1 Cash Value of Shares Total Consideration Receive from Spey $ 800,000 $ 200,000 $ 1,000,000 Pay to Ekeko $ 640,000 $ 160,000 $ 800,000 Net [...]
A.I.S. Resources Ltd. is pleased to announce the appointment of Andrew Neale as a director of the Company. Andrew is a Canadian engineer who has been involved in all aspects of the mining industry since the late 80s. Starting his career in Canada with Falconbridge and Noranda, Andrew joined PT Freeport Indonesia in 1993, completing his career with Freeport as VP-Technical Services in 2005 with wide ranging [...]
A.I.S. Resources Ltd. congratulates Recharge Resources on signing an option agreement with Spey Resources Corp. whereby Recharge may acquire up to a 100% undivided interest in the Pocitos 2 Project. AIS retains a 7.5% royalty of the FOB price of lithium carbonate or other lithium compounds sold on Pocitos 1 & 2 pursuant to AIS' underlying Option Agreement with Spey Resources. If the Pocitos 1 and 2 options are exercised [...]
A.I.S. Resources Ltd. announces C29 Metals Limited has intercepted a +30 m brine acquifer at Hole DDH1 on the Pocitos 7 property, which C29 has optioned from AIS. Highlights are: Maiden hole at Pocitos 7 intercepts +30m brine aquifer zone at 370m Drill Hole pumped at 2,000 litres per hour with 49mm pipe Samples taken for assay and testing with Ekosolve™ DLE technology Drilling concluded at 420m Martyn Element, CEO [...]
A.I.S. Resources Ltd. announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 15,625,000 warrants expiring on January 29, 2023. The share purchase warrants were issued pursuant to a private placement of 15,625,000 units accepted for filing by the TSXV on March 3, 2021. The warrants will be extended for a period of one year until January 29, 2024. The exercise price remains unchanged at [...]
A.I.S. Resources Ltd. announces that Phillip Thomas has resigned from the board of directors effective January 17, 2023. Mr. Thomas will continue to provide consulting services to the Company. The Company would like to thank Mr. Thomas for his contribution and wishes him well in his future endeavours. About A.I.S. Resources Limited A.I.S. Resources Ltd. is a publicly traded investment issuer listed on the TSX Venture [...]
A.I.S. Resources Ltd. is pleased to provide an update on its exploration program at Bright Australia. Recent Highlights 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 [...]
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