A.I.S. Resources Ltd. announces that it has appointed Senior Geologist Denis M. Walsh to the position of Chief Geologist of A.I.S Resources Ltd. Previously Denis was the Senior Contract Exploration Geologist with Kirkland Lake Gold guiding a team of up to 6 geologists exploring over 1,400sqkm regional exploration tenure surrounding Fosterville. The board of Directors is delighted with this key appointment which is [...]
A.I.S. Resources Ltd. announces that it has closed its oversubscribed non-brokered Private Placement of 18,970,000 Units at $0.07 per unit for gross proceeds of $1,327,900. Martyn Element Chairman stated, “I am so pleased due to the significant over subscription of this financing. We are now able to aggressively explore our extensive land packages in the Fosterville-Toolleen area of the exciting gold rich Bendigo zone in [...]
A.I.S. Resources Ltd. announces that due to significant investor demand it has increased its previously announced financing from up to $700,000 to up to $1,299,900. The non-brokered private placement will increase to up to 18,570,000 units at a price of $0.07 per unit for gross proceeds of up to $1,299,900 . The proceeds will be used for acquisition and exploration costs and general working capital purposes. Each Unit [...]
A.I.S. Resources Ltd. announces that it has signed definitive agreements to acquire the Fosterville-Toolleen and Kingston Gold Projects. Our Primary Focus is the Fosterville-Toolleen Drill-ready Gold Project AIS’s primary focus in the near term will be to make Fosterville-Toolleen drill ready. Exploration Licence EL006001 is located only 12 km from and is the closest property to Kirkland Lake's 9 Moz Au* Fosterville [...]
A.I.S. Resources Ltd. is pleased to announce that further to its news release of May 19, 2020, the Company has finalized its settlement with MGX Minerals Inc. . On November 1, 2019, the Company commenced an action against MGX in the Supreme Court of British Columbia claiming unpaid fees for exploration and related services. In May 2020, AIS entered into a settlement agreement whereby AIS was to receive shares in MGX in [...]
A.I.S. Resources Ltd. announces that the Company has signed the definitive agreement , to acquire the Yalgogrin advanced gold project . Acquisition Terms Under the terms of the Agreement, upon receipt of TSXV acceptance AIS will acquire a 60% interest in the Yalgogrin Gold Project in exchange for a cash payment of AU$275,000 , and the issuance of four million AIS common shares. AIS has an obligation to incur exploration [...]
A.I.S. Resources Ltd. announces that the Company has granted a total of 1,550.000 incentive stock options to various directors 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 $0.075 per Share being the closing price of the Shares on the TSX Venture Exchange on October 2, 2020. The Options vested on grant and will expire on [...]
A.I.S. Resources Ltd. continues due diligence on its new Kingston Gold Project. This advanced gold project is located in Victoria’s Golden Triangle in Australia and encompasses two areas – the North Kingston EL and the Ararat EL under one exploration licence number EL006318. The Ararat EL is adjacent to Navarre Minerals and Stavely Minerals. The North Kingston EL is surrounded by Providence Gold and Navarre [...]
A.I.S. Resources Ltd. today announced the Company has been granted an option to conduct due diligence and formalize a sale and purchase agreement in respect of the Kingston Gold Project near Navarre, in north-western Victoria, Australia. The Company and the Optionor have agreed to use their best endeavours to settle the form of and execute a definitive sale and purchase agreement on or before November 16, 2020 for the [...]
A.I.S. Resources Ltd. announces management’s plans to fast track its drilling program on the Company’s new Fosterville-Toolleen Gold Project the, located only 12 km from Kirkland Lake's 7.58 Moz Au Fosterville Gold Mine in Victoria, Australia. Chairman of AIS, Martyn Element commented, “The plans to fast track a drilling program at our new Fosterville-Toolleen Gold project are now our immediate focus [...]
A.I.S. Resources Ltd. announces that due diligence on the Yalgogrin Orogenic Gold Project , has been completed with a three-day project inspection of the historic mines and geology on ELA6030 and EL5891. Twelve drill core samples from EL5891 have been verified as correct and show a strong correlation. Fig 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/0b55828a-809f-469e-97e9-2f5ce72d5dde Fig 2 [...]
A.I.S. Resources Ltd. announces that the Company has granted a total of 2,465,000 incentive stock options to various directors, officers, employees, 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 $0.07 per Share being the closing price of the Shares on the TSX Venture Exchange on August 25, 2020. The Options [...]
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