A.I.S. Resources Ltd. announces it has received the assays from parts of diamond drill core GDD001 acquired from the Golden Bar reef on exploration licence EL006194. The exploration licence is a joint venture with Clarus Resources Pty Ltd in which AIS Resources holds a 60% interest. Highlights Zones of alteration encountered in the first drill hole confirmed as horizons of gold mineralisation Gold and alteration are [...]
A.I.S. Resources Ltd. announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 12,622,222 warrants expiring on February 26, 2022. The share purchase warrants were issued pursuant to a private placement of 12,622,222 units accepted for filing by the TSXV on February 26, 2019. The warrants will be extended for a period of one year until February 26, 2023. The exercise price remains [...]
A.I.S. Resources Ltd. announces it has completed logging the 224m of diamond drill core acquired from the Golden Bar reef drilling program on exploration licence EL006194. The core has been sawn, split and bagged for delivery to the laboratory for assay. About the Bright Gold Project Bright Gold Project EL006194 contains more than 250 historical gold mines, reefs and gold occurrences dating back to the 1890's [...]
A.I.S. Resources Ltd. announces it has acquired a 60% interest in the exploration licence EL006194 from Clarus Resources Pty Ltd. The EL006194 contains more than 250 historical gold mines, reefs and gold occurrences dating back to the 1890's. Historically the EL006194 yielded 341,000 oz gold at grades ranging between 7-9912g/t, averaging 22 g/t Au. The Bright Gold Project and surrounds comprises many major historical [...]
A.I.S. Resources Ltd. announces the Company has closed its non-brokered private placement of 5,000,000 shares at a price of $0.05 per Share for gross proceeds of $250,000 . The proceeds will be used for exploration of the Company's Australian gold projects and for general working capital purposes. Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All securities issued in connection [...]
A.I.S. Resources Ltd. announces its ULTRATRACE soils analysis program results at the Fosterville-Toolleen project have reconfirmed the prospectivity of the drill targets. Phil Thomas, CEO commented, "Analysis was conducted for gold, arsenic, copper, lead and eight other elements and they were all present along the litho-boundaries and target zones to be drilled. This means our drill program to commence in early 2022 will [...]
A.I.S. Resources Ltd. announces a non-brokered private placement of up to 5,000,000 common shares at a price of $0.05 per Share for gross proceeds of $250,000 . The proceeds will be used for general working capital and exploration of the Company's gold projects in Australia. The Company may pay finders fees of up to 8% cash and 8% finders warrants on a portion of the placement. Amended Loan Financing Further to the [...]
A.I.S. Resources Ltd. announces the Company has entered into loan agreements with certain parties for aggregate loan proceeds of $400,000. Loans totaling $300,000 are for the term of one year and bear interest at 3% per annum. Pursuant to the Loan Agreements and upon approval of the TSX Venture exchange the lenders shall also receive from the Company 1,200,000 bonus shares at a deemed price of $0.05 representing 20% of [...]
A.I.S. Resources Ltd. announces its drilling program is now underway at the Fosterville-Toolleen project. The driller has been contracted to commence in November and most land access permits have been signed. Aircore/RC Drilling will start on the western side of the exploration licence EL006001. AIS will initially target 20 drill holes, with an overall 42-hole program planned. The drill hole depth will be an average of 65 [...]
A.I.S. Resources Ltd. announces that Kirkland Lake Limited has won the tender issued by Earth Resources Victoria through the Department of Jobs Precincts and Regions. The tender was won on a commitment to spend up to $90 million on the three blocks it won. Kirkland Lake's block 3 is adjacent to A.I.S. Resources EL006001 Fosterville-Toolleen project. Across the three blocks for which it was the successful tenderer [...]
A.I.S. Resources Ltd. announces it has received the Geophysics Reprocessing Report from Nordic Geoscience. The red circles in figure one below show the major drill targets on R1 and R2 on the second order faults resulting from the analysis. Second and third order faults are key mineralization hosts where gold may be found. A number of filters and normalizing was applied to the data that screened out signal noise and [...]
A.I.S. Resources Ltd. announces the Company has commenced a soil sampling program at its Fosterville Toolleen project, located 12 km from the Kirkland Lake Fosterville mine as a pre-cursor to its next drilling program. The sampling is taking place adjacent to the area where the high antimony and arsenic pathfinders were detected in drill hole 31. Figure 1 - Map of the EL006001 Fosterville-Toolleen project showing the [...]
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