A.I.S. Resources Ltd. is delighted to report that AIS Resources has acquired from Tech One Lithium Resources Corp. a 20% interest in Mining Licence File Number 23262 covering 3 sq km on the Incahuasi Salar in the lithium triangle in Argentina. The Candela II licence neighbours Gangfeng Lithium, China's largest producer of the battery metal and Orocobre, a lithium producer in Argentina. Tech One Lithium Resources [...]
A.I.S. Resources Ltd. is delighted to report that Drillit Consulting from Parkes NSW have mobilized their diamond drill rig and commenced drilling today for a 1,000m drill program on the highly prospective gold bearing Neighbours Farm Prospect, part of the 60% owned Yalgogrin Property on the Lachlan Fold Belt, NSW, Australia. Phil Thomas, CEO commented, "We have been able to combine the geophysics with new 3D inversions [...]
A.I.S. Resources Ltd. is delighted to report that Fender Geophysics has completed the Gradient Array Induced Polarization and Dipole-Dipole Geophysics survey at EL5891 Yalgogrin gold project with chargeability readings of 5-7.5mv/v over the targeted area that are up to five times background values. The results are outstanding and give us confidence to commit to a 800-1000m diamond drill program. Drillit Consulting from [...]
A.I.S. Resources Ltd. is delighted to report that it has signed a 90 day option agreement to acquire the exploration licence EL006958 known as Casterton in the Glenelg zone, in Western Victoria, Australia. The option agreement has provision for extensions to 31 July 2021. If the option is exercised AIS can acquire the property for AUD$1,500,000 in cash and shares. This brings the total square kilometres AIS is exploring [...]
A.I.S. Resources Ltd. announces it has closed its non-brokered private placement of 15,625,000 units at a price of $0.08 per unit for gross proceeds of $1,250,000 . The proceeds will be used for exploration of the Company's gold projects and general working capital purposes. Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one [...]
A.I.S. Resources Ltd. is delighted to report that Fender Geophysics commenced the Induced Polarization Geophysics survey at EL5891 on Monday 11 January 2021. Approximately 36 line kilometres will be measured. This survey will detect the presence of sulphides and other highly conductive elements. Low-resistance anomalies such as areas with sulphides if present will be observed. Phil Thomas CEO commented, “This is a [...]
A.I.S. Resources Ltd. announces that it is amending the terms of its non-brokered private placement previously announced on January 7, 2021. The expiry of the warrants has been increased to 24 months from closing and the warrants will not be subject to accelerated expiry. All other terms of the private placement remain unchanged. Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All [...]
A.I.S. Resources Ltd. AIS announces a non-brokered private placement of up to 15,625,000 units at a price of $0.08 per unit for gross proceeds of $1,250,000. . The proceeds will be used for exploration of the Company’s gold projects and general working capital purposes. Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one [...]
In a release issued on January 7, 2021 under the same headline by A.I.S. Resources Ltd. please note that in the first sentence the number of incentive stock options granted was changed from 2,250.000 to 2,250,000. The corrected release follows: VANCOUVER, British Columbia, Jan. 07, 2021 -- A.I.S. Resources Ltd. announces that the Company has granted a total of 2,250,000 incentive stock options to various directors, and [...]
A.I.S. Resources Ltd. announces that the Company has granted a total of 2,250.000 incentive stock options to various directors, and consultants of the Company in accordance with the Company’s stock option plan. Each Option is exercisable into one common share of the Company at a price of $0.08 per Share being the closing price of the Shares on the TSX Venture Exchange on January 6, 2021. The Options vested on grant and [...]
A.I.S. Resources Ltd. announces that the initial results from the Deep Ground Penetrating Radar of the Fosterville-Toolleen Gold Property have been received. Response anomalies are evident in the preliminary results with early output provided by LozaRadar in a colored 2D section set out below. The strong near surface response is yet to be fully interpreted, however, early data analysis suggests the existence of a shallow [...]
A.I.S. Resources Ltd. announces that Derek Reeves, senior geophysicist, and his team Worldwide Geological Services completed 10.3 line kilometres of Deep Ground Penetrating Radar to define the alluvial channels and geological structures on EL006001 . Permission to conduct the geophysics has kindly been provided by the vendor, Providence Gold and Minerals Pty Ltd, while waiting for the contract to complete. Fig.1 [...]
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