A.I.S. Resources Ultratrace Soil Program Results at Fosterville-Toolleen Gold Project Substantially Increases Confidence on Next Phase of Drilling
December 21 2021 - 08:00AM
A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or
“AIS”) 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 aim to define the presence of gold in the
Ordovician rocks. These spatially associated multielement results
suggest that the source is potentially related to primary gold
occurrence in the oldest Ordovician rocks where the minerals form
rather than the younger secondary deposits. The presence of
paleochannel gold deposits is also a real possibility, which will
be incorporated into the exploration program.”
Fig. 1 The red and yellow dots show the gold trend
along the faults/lithoboundaries shown as black dashed
lines.https://www.globenewswire.com/NewsRoom/AttachmentNg/37a529e0-34d3-4abe-887c-68619a1073d0
Fig. 2 The red and yellow dots show the copper
soils trend along the faults/lithoboundaries shown as black dashed
lines.https://www.globenewswire.com/NewsRoom/AttachmentNg/97afd405-a7cf-4646-bd59-2f2bc923ebcd
Martyn Element, Chairman of AIS stated, “We are pleased that
evidence is continuing to accumulate that we are getting even
closer to our intended target especially with the presence of gold
in the latest analysis.”
Technical information in this news release has
been reviewed and approved by Phillip Thomas, BSc Geol FAusIMM MAIG
MAIMVA(CMV) who is a Qualified Person under the definitions
established by the National Instrument 43-101.
About A.I.S. Resources
LimitedA.I.S. Resources Limited is a publicly traded
investment issuer listed on the TSX Venture Exchange focused on
precious and base metals exploration. AIS’ value add strategy is to
acquire prospective exploration projects and enhance their value by
better defining the mineral resource with a view to attracting
joint venture partners and enhancing the value of our portfolio.
The Company is managed by a team of experienced geologists and
investment bankers, with a track-record of successful capital
markets achievements.
AIS owns 100% of the 28 sq km
Fosterville-Toolleen Gold Project located 9.9km from Kirkland
Lake’s Fosterville gold mine, a 60% interest in the 58 sq km New
South Wales Yalgogrin Gold Project (with the right to acquire
100%), and 100% interest in the 167 sq km Kingston Gold Project in
Victoria Australia near Stawell and Navarre. It also has joint
venture interests with Spey Resources Corp in lithium brines in
Argentina at Incahuasi and Pocitos Salars.
On Behalf of the Board of Directors,A.I.S. Resources Ltd.Phillip
Thomas, President & CEO
Corporate ContactFor further information,
please contact:Phillip Thomas, Chief Executive OfficerT: +1-323
5155 164E: pthomas@aisresources.comOrMartyn
Element. ChairmanT: +1-604-220-6266E:
melement@aisresources.comWebsite: www.aisresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
ADVISORY: This press release contains
forward-looking statements. Although the Company believes that the
expectations reflected in these forward-looking statements are
reasonable, undue reliance should not be placed on them because the
Company can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The forward-looking statements contained in this
press release are made as of the date hereof and the Company
undertakes no obligations to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
AIS Resources (TSXV:AIS)
Historical Stock Chart
From Feb 2024 to Mar 2024
AIS Resources (TSXV:AIS)
Historical Stock Chart
From Mar 2023 to Mar 2024