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

TSXV - TSXV Real Time Price. Currency in CAD
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0.0900+0.0050 (+5.88%)
As of 9:48AM EST. Market open.
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Previous Close0.0850
Open0.0900
Bid0.0800 x 0
Ask0.0950 x 0
Day's Range0.0900 - 0.0900
52 Week Range0.0200 - 0.1000
Volume397,830
Avg. Volume339,651
Market Cap10.07M
Beta (5Y Monthly)0.85
PE Ratio (TTM)N/A
EPS (TTM)-0.0610
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • AIS Resources to Begin Drilling 1000M in First Week of March 2021 at Yalgogrin Gold Project Based on Excellent IP Geophysics Results
    GlobeNewswire

    AIS Resources to Begin Drilling 1000M in First Week of March 2021 at Yalgogrin Gold Project Based on Excellent IP Geophysics Results

    Fig1. Yalgogrin is located in the Lachlan fold belt near Cowal and Cadia gold mines. Fig 2. Gradient Array IP Chargeability with gold in soil contour and 8 proposed drill hole locations. Fig 3. Gradient Array IP Resistivity with gold in soil contour and 8 proposed drill hole locations. VANCOUVER, British Columbia, Feb. 25, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or "AIS) 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 Parkes NSW have been contracted to complete the diamond drill program commencing the first week in March 2021. “The results achieved by Fender Geophysics Gradient Array survey are extremely encouraging,“ commented Phil Thomas, CEO. “We have been able to combine the geophysics with results from previously completed drill holes, on ground observations, the large number of augur holes and soils geochemistry to guide our understanding of the mineralization system and give us confidence to drill test the selected targets.” Correlation with ground geology has identified the peak chargeability associated with gossanous altered granite that is mineralized with gold. There is a broad spatial association of chargeability trends with gold in soil geochemical anomalisms across the property. The gradient array survey provides plan view results which has enabled us to best locate the Dipole-Dipole survey for interpreting results along 2D sections. Our independent geophysicist is working on an inversion of the data to better define the results at depth and integrate with the gradient array geophysics. These results will be available in the next week or so and will assist us to optimize drillhole placement. Prior augur and drilling gold assays include: § 0.5m @ 32.2 g/t Au from 1.5m.§ 22m @ 1.9 g/t Au from 1m, including 1m @ 21.5 g/t Au.§ 14m @ 2.6 g/t Au from 1m.§ 9m @ 2.2 g/t Au from 1m, including 1m @ 13.3 g/t Au from 7m. Our Immediate opportunity is to define a shallow oxide gold resource, then the deeper high Grade gold resource potential. Fig 1. Yalgogrin is located in the Lachlan fold belt near Cowal and Cadia gold mines.https://www.globenewswire.com/NewsRoom/AttachmentNg/a2d221b3-58b0-4509-9b42-2acf82514b40 Fig 2. Gradient Array IP Chargeability with gold in soil contour and 8 proposed drill hole locations.https://www.globenewswire.com/NewsRoom/AttachmentNg/b0745a40-fbb8-4dc9-90b0-b2643da6f473 Fig 3. Gradient Array IP Resistivity with gold in soil contour and 8 proposed drill hole locations.https://www.globenewswire.com/NewsRoom/AttachmentNg/65f87e20-5253-4aa7-a7b9-958ba8cd8ddd 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 the 58sqkm New South Wales Yalgogrin Gold Project JV, the right to acquire the 28 sqkm Fosterville-Toolleen Gold Project located 10 km from Kirkland Lakes Fosterville gold mine and the 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.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 Option on 596 sq km Exploration Licence Near Casterton, Western Victoria, Australia with Gold, Nickel, Copper, Zinc, Chrome, Gemstone mineralization - Exploration Area Now Totals 852 sq km
    GlobeNewswire

    AIS Resources Acquires Option on 596 sq km Exploration Licence Near Casterton, Western Victoria, Australia with Gold, Nickel, Copper, Zinc, Chrome, Gemstone mineralization - Exploration Area Now Totals 852 sq km

    Fig 1. Earth Resources Victoria historical location of mineralization, magnetic survey, EL boundary in aqua. Fig 2. Tenement boundary and major towns in the EL006958 Fig 3a. 3a Hummocks nickel chromite mine Fig 3b. Serpentinite intrusion Fig 4. Analysis of rock chip sample from Hummocks Mine, Casterton VANCOUVER, British Columbia, Feb. 01, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTCQB: AISSF) (the "Company" or "AIS) 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 to 852 sq km. Phil Thomas, CEO commented, “This is a fantastic opportunity for us to develop a multi-commodity project stream. The famous Hummocks Nickel, Chromite mine still has part of the infrastructure there and a sample from the feed chute was assayed by AIS at On-site Laboratories at 1,200ppm nickel and 1,100 ppm chromium. The base metal prospects are in the bright red staurolite zone in the schist that can be mineralized with copper and nickel. Low-grade nickel in serpentinite occurs at The Hummocks, north of Casterton (Bush et al. 1995b). With significant past exploration this will significantly enhance our portfolio.” Fig 1 – Earth Resources Victoria historical location of mineralization, magnetic survey, EL boundary in aqua.https://www.globenewswire.com/NewsRoom/AttachmentNg/abf4411c-5958-4740-a0f5-6ce30bfc6f73 Fig 2 - Tenement boundary and major towns in the EL006958https://www.globenewswire.com/NewsRoom/AttachmentNg/8a3e6379-de19-4d57-96e3-c19353fe2625 Fig 3a Hummocks nickel chromite mine and Fig 3b Serpentinite intrusionhttps://www.globenewswire.com/NewsRoom/AttachmentNg/ff953fe9-35b4-498e-8b52-1d3b3b834139https://www.globenewswire.com/NewsRoom/AttachmentNg/aae17a42-cda1-460e-bcb0-5383adecf6bb Fig 4 Analysis of rock chip sample from Hummocks Mine, Castertonhttps://www.globenewswire.com/NewsRoom/AttachmentNg/4f414e73-fa73-46c3-94e1-b38719c946e8 Past Historical Exploration GoldBHP Gold Mines in 1987 found gold in the volcanics in the Cavendish AreaGoldBaracus Pty Ltd in 1988 found Gold in the Pigeon Ponds area.DiamondsAshton Mining in 1980-81 found diamonds and prospective rocks in PigeonPonds areaGold SilverAsarco Australia found precious and base metals in Casterton areaDiamondsCRA Exploration found in 1980 heavy mineral sands and diamondsGold CRA exploration found gold in the Brolga Downs area in 1991-93GoldCRA targetted gold in the Glenelg River Metamorphic complex and gold associated in the burthong area with tertiary laterization in 1991-93GoldNewmont Holdings found gold in the laterite hosted gold deposits in the Balmoral area in 1986GoldNorgold in 1988-89 found hypogene gold mineralisation in the Coleraine-Balmoral-Harrow regionGoldPS Forwood found major gold deposits through gold and arsenic geochemical anomalies in laterites in the Balmoral area. Models used included breccia pipe, greenstone, granite and boddington style mineralisation. Gold was also found in the Mather Creek area.Base MetalsRosscraft Minerals in 1983-1988 found base metal sulphide mineralisation in the Dergholm Casterton area.Au-Ag-Cu-Pb-ZnStawell Gold Mines in 1993-95 found polymetallic skarn mineralisation associated with the contact with the Wando granodiorite.Base metals Western Mining found in 1973-74 massive or disseminated base metal sulphidesNickelWestpoint exploration found in 1970-71 nickel and allied mineralisation in ultra basic rocks in the Coleraine area.Coal Western mining explored the Pashendale area for cretaceous black coal seams in 1978-82 Previous mining for Zinc and Lead occurred in the Nolans Creek area in 1908. 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, with a track-record of successful capital markets achievements. In November 2020, AIS received TSX-V approval to acquire the New South Wales Yalgogrin Gold Project JV, the Fosterville-Toolleen Gold Project and the Kingston Gold Project in Victoria Australia which settled in January 2021. 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.

  • GlobeNewswire

    A.I.S. Resources Announces Closing of $1.25 Million Financing

    VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has closed its non-brokered private placement of 15,625,000 units ("Units") at a price of $0.08 per unit for gross proceeds of $1,250,000 (the "Private Placement"). 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 additional common share for a period of 24 months from the closing date of the offering at a price of $0.12 per common share. Insiders participated in the aggregate amount of $159,040 for 1,988,000 units. The Company shall pay finders fees totaling $62,640 and shall issue 783,000 finders warrants. Closing of the Private Placement is subject to acceptance by the TSX Venture Exchange. All securities issued in connection with the Private Placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws. 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, with a track-record of successful capital markets achievements. In November 2020, AIS received TSX-V approval to acquire the New South Wales Yalgogrin Gold Project JV, the Fosterville-Toolleen Gold Project and the Kingston Gold Project in Victoria Australia. Phillip ThomasCEO 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 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.