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A.I.S. Resources Limited (AIS.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.07500.0000 (0.00%)
As of 10:20AM EDT. Market open.
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Previous Close0.0750
Open0.0700
Bid0.0700 x 0
Ask0.0750 x 0
Day's Range0.0700 - 0.0750
52 Week Range0.0200 - 0.1000
Volume13,000
Avg. Volume285,309
Market Cap11.405M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.0110
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t
    GlobeNewswire

    AIS Resources’ Australian Yalgogrin Gold Project’s first drill hole returns gold intercepts averaging 1.5g/t over 87 meters including 0.9 meters at 9.3 g/t

    Fig 1. YDD1 drill hole with gold assays intervals. Fig 2. Drillhole location and downhole trace on chargeability image from IP survey (red indicates high chargeability blue indicates low chargeability) VANCOUVER, British Columbia, April 15, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or "AIS) reports that the assay analysis from YDD1 at Neighbour’s Farm historic mine workings, the first diamond drill hole at its Yalgogrin Gold Project, NSW, Australia has been completed by SGS Australia. Extensive gold mineralisation was intersected from 58m through to the end of hole at 162.3m with gold mineralisation remaining open at depth and returning gold Intercepts over 87m averaging 1.5g/t. The best individual grades returned up to 9.3 g/t Au that are supported by consistent mineralisation hosted within the altered rock mass. A summary of the intervals and average assays is set out below from the top of the core: Hole IDcommentIntervalFrom(m)IntervalTo (m)DrilledThickness(m)Gold Grade(grams/tonne)YDD001 5888301.5 includes637181.8 includes737415.3 includes808882.5YDD001 90101112.2 includes909111.6 includes9410173.0 which includes969718.3YDD001 105151461.4 includes10810913.5 includes111.4112.71.35.0 Includes112.7113.60.99.3 includes113.6114.30.74.6 includes114.31216.71.0 includes127139121.5YDD001 153162.3*9.30.6 Notes: Intervals calculated using 0.3 g/t lower cutoff, include up to 1m of internal dilution* gold mineralisation was present in end of hole. Phil Thomas, CEO commented, “This hole was a great success, the ubiquitous gold is closely associated with disseminated sulphides in the altered rock mass and higher grades are associated with veining. Extensive sericite-muscovite-carbonate-chlorite alteration in the granite is hosting disseminated pyrite-arsenopyrite-sphalerite-galena sulphides which clearly explain the elevated IP chargeability results and provide confidence for further exploration utilizing the IP survey. We are building our model of structural controls directing the mineralisation corridors and so are defining the character of what is a promising gold mineralizing system. The drill program is testing various locations of the high conductivity zones from the IP survey completed earlier this year. This will assist us in subsequent drilling programs. In total 1,000m of drilling has been planned for the initial framework drilling program and the results of this first hole gives us great confidence to continue to drill out the target to define the extent of the mineralized zone. We are currently processing samples for lab submission from drill hole YDD2 that was drilled 90 degrees to the azimuth of YDD1 and YDD3 is currently at 162m depth near the Adelaide mine area. Thin sections are being prepared of the sulphide-gold mineralisation so we can better understand the mineralisation and metallurgy for ore processing. Soil geochemical sampling work is being carried out to refine drill targets and we have commenced work in the Asia Wyalong area where we have 56 sq kilometers of exploration license.” Fig 1. YDD1 drill hole with gold assays intervals:https://www.globenewswire.com/NewsRoom/AttachmentNg/00003b59-2779-4c51-abe6-32671b128519 Fig 2. Drillhole location and downhole trace on chargeability image from IP survey (red indicates high chargeability blue indicates low chargeability)https://www.globenewswire.com/NewsRoom/AttachmentNg/d5ce318b-37e2-4d7b-93cd-a98974421e36 Fosterville-ToolleenA successful ground based gravity survey was completed at Fosterville-Toolleen to complement the Deep Ground Penetrating Radar results and the interpretation of the key features identified in the gravity survey is currently being completed. Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol MAIG 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’s 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 its portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements. In November 2020, AIS acquired a 60% interest in the 58sqkm New South Wales Yalgogrin Gold Project JV (with the right to acquire 100%), the right to acquire the 28 sqkm Fosterville-Toolleen Gold Project located 10 km from Kirkland Lakes Fosterville gold mine and 100% interest in 167 sqkm Kingston Gold Project in Victoria Australia near Stawell which settled in January 2021. It has also acquired an option over 596 sq km of exploration licence in western Victoria near Casterton where gold and other minerals have been discovered. A.I.S. Resources LimitedFor further information, please contact:Phillip Thomas, Chief Executive Officer Tel: +1-747-200-9412 Email: pthomas@aisresources.com OrMartyn Element, Executive Chairman Tel: +1-604-220-6266Email: 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. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation 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 intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation 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 Initiates Exploration Program with Tech One Lithium Resources Corp. at Incahuasi Lithium Salar, Argentina
    GlobeNewswire

    AIS Resources Initiates Exploration Program with Tech One Lithium Resources Corp. at Incahuasi Lithium Salar, Argentina

    Fig 1. Concession Map of main land holders and Incahuasi Salar Fig 2. 20 point, 3 line TEM resistivity survey, with a point station every 175m, Lines 100m apart VANCOUVER, British Columbia, April 01, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or "AIS") and Tech One Lithium Resources Corporation (“Tech One”), is delighted to report that the Company has commenced exploration at the Candela II property at Incahuasi Salar (salt lake). In summary, AIS earned a 20% interest in Mining Licence File Number 23262 covering 3 sq kilometres on the Incahuasi Salar in the lithium triangle in Argentina by negotiating the property, and developing an exploration and processing plan for Tech One. Initially a US$450,000 budget will be spent by Tech One on TEM geophysics, drilling and brine analysis. A 200 litre sample is being collected for Ekosolve the selected processor to process the brines at the University of Melbourne pilot facility, chemical engineering department in Australia. Gangfeng Lithium, China’s largest producer of the battery metal, Orocobre, a lithium producer in Argentina and PepinNini an ASX explorer all have mining licences on the Incahuasi Salar. Tech One Lithium Resources Corporation (“Tech One”), has optioned the Exploration license for 12 months to complete due diligence and further exploration work, and has the right to acquire 100% of the property for USD one million dollars (CAD1.3 million). The option fee paid by Tech One was US$100,000 and a further fee of US$100,000 payable by Tech One in six months time. AIS has received the first payment for exploration. Fig 1. Concession Map of main land holders and Incahuasi Salar:https://www.globenewswire.com/NewsRoom/AttachmentNg/c25afec3-1067-4075-a438-0f669e80a313 Previous explorers have sampled brines between 270-300ppm, from the top 50 metres of the Salar. Fig 2. 20 point, 3 line TEM resistivity survey, with a point station every 175m, Lines 100m apart:https://www.globenewswire.com/NewsRoom/AttachmentNg/e84162e2-8dbb-4173-9733-bfd38761b8c3 Fast Track Ekosolve Lithium Processing Facility Tech One advises they have signed a facility fee agreement to utilize the Ekosolve™ lithium Solvent Exchange Extraction process that can efficiently manage the processing of the brines to produce lithium carbonate with a grade higher than 99.2% and a recovery of 97% far exceeding any ion exchange or adsorption process available to date. Ekosolve™ is licensed to University of Melbourne, Australia. The key advantage of the Ekosolve system is the high rate of lithium yield at 97% and 95% of the solvent is reclaimed. Other systems such as adsorption achieve 72-80%, fractional crystallization 50-70%, and ion exchange up to 90%. In adsorption and ion exchange extra processes may be required to manage the magnesium and boron in the brines whereas this is not an issue with the Ekosolve process. Hence the capital and operation expenditure is usually much lower. There are no ponds required which is a more eco-friendly solution. Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol MAIG 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’s 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 its portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements. AIS acquired a 60% interest in the 58sqkm New South Wales Yalgogrin Gold Project JV (with the right to acquire 100%) that is currently being drilled, the right to acquire the 28 sqkm Fosterville-Toolleen Gold Project located 10 km from Kirkland Lakes Fosterville gold mine which is undergoing a geophysics survey and 100% interest in 167 sqkm Kingston Gold Project in Victoria Australia near Stawell which settled in January 2021. It has also acquired an option over 596 sq km of exploration licence in western Victoria near Casterton where gold and other minerals have been discovered. AIS holds a 20% equity interest in the Incahuasi concession 23262 in the lithium triangle in Argentina and its team are experienced explorers and producers of lithium carbonate. A.I.S. Resources LimitedFor further information, please contact:Phillip Thomas, Chief Executive Officer Tel: +1-747-200-9412 Email: pthomas@aisresources.com OrMartyn Element, Executive Chairman Tel: +1-604-220-6266Email: melement@aisresources.com Website: 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. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation 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 intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation 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 Acquires 20% Equity Interest in Tech One Lithium Resources Corp. Incahuasi Lithium Salar, Argentina
    GlobeNewswire

    AIS Resources Acquires 20% Equity Interest in Tech One Lithium Resources Corp. Incahuasi Lithium Salar, Argentina

    Fig.1 Concession Map of main land holders Fig. 2 View of Incahuasi Salar, Argentina VANCOUVER, British Columbia, March 23, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or "AIS") is delighted to report that AIS Resources has acquired from Tech One Lithium Resources Corp. a 20% interest in Mining Licence File Number 23262 (Candela II) 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 Corporation (“Tech One”), a private company, has optioned the Exploration license for 12 months to complete due diligence and further exploration work, and has the right to acquire 100% of the property for USD one million dollars (CAD1.3 million). The option fee paid by Tech One was US$100,000 and a further fee of US$100,000 payable by Tech One in six months time. Fig. 1 – Concession Map of main land holders:https://www.globenewswire.com/NewsRoom/AttachmentNg/a34abb51-b065-449c-9842-1a094b229cbf Tech One has appointed AIS as its operator and exploration team. A one-year exploration plan has already been outlined by AIS’s technical team. Tech One can acquire the 20% held by AIS (for a total of 100%) by paying US$6,000,000 to AIS if there is a resource estimate of at least 45,000 tonnes of lithium metal equivalent, and this increases by US$250,000 for each increment of 5,000 tonnes. Previous explorers have sampled brines between 270-300ppm, from the top 50 metres of the Salar.Fast Track Ekosolve Lithium Processing Facility Tech One advises they have signed a facility fee agreement to utilize the Ekosolve™ lithium Solvent Exchange Extraction process that can efficiently manage the processing of the brines to produce lithium carbonate with a grade higher than 99.2% and a recovery of 97% far exceeding any ion exchange or adsorption process available to date. Ekosolve have demonstrated a three-hour residence time to produce lithium chloride – a base material for producing lithium carbonate. Tech One selected the process based on - it being proven at the University of Melbourne using Argentine brines - the capital cost of a plant being significantly less than other processes available and its modularity and the operational expenditure being in the mid $2,000 per tonne due to the ability to recover 95% of the solvent for reuse. The near zero carbon emission footprint is due to no evaporation ponds required and minimal input chemicals required to remove unwanted elements such as magnesium. Ekosolve™ is licensed to University of Melbourne, Australia. Fig. 2 – View of Incahuasi Salar, Argentina:https://www.globenewswire.com/NewsRoom/AttachmentNg/4b0d06dc-f2f3-4f7b-9707-79e020abecf6 Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol MAIG 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’s 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 its portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements. AIS acquired a 60% interest in the 58sqkm New South Wales Yalgogrin Gold Project JV (with the right to acquire 100%) that is currently being drilled, the right to acquire the 28 sqkm Fosterville-Toolleen Gold Project located 10 km from Kirkland Lakes Fosterville gold mine which is undergoing a geophysics survey and 100% interest in 167 sqkm Kingston Gold Project in Victoria Australia near Stawell which settled in January 2021. It has also acquired an option over 596 sq km of exploration licence in western Victoria near Casterton where gold and other minerals have been discovered. AIS holds a 20% equity interest in the Incahuasi concession 23262 in the lithium triangle in Argentina and its team are experienced explorers and producers of lithium carbonate. A.I.S. Resources LimitedFor further information, please contact:Phillip Thomas, Chief Executive Officer Tel: +1-747-200-9412 Email: pthomas@aisresources.com OrMartyn Element, Executive Chairman Tel: +1-604-220-6266Email: melement@aisresources.com Website: 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. More particularly, this press release contains statements concerning the anticipated use of the proceeds of the Private Placement. Although the Corporation believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Corporation 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 intended use of the proceeds of the Private Placement by the Corporation might change if the board of directors of the Corporation determines that it would be in the best interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof and the Corporation 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.