VANCOUVER, British Columbia., Dec. 21, 2021 (GLOBE NEWSWIRE) — 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.
Fig. 2 The red and yellow dots show the copper soils trend along the faults/lithoboundaries shown as black dashed lines.
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 Limited
A.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
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-323 5155 164
E: [email protected]
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.