Canada markets closed

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

TSXV - TSXV Real Time Price. Currency in CAD
Add to watchlist
0.0800-0.0050 (-5.88%)
At close: 3:13PM EDT
Full screen
Previous Close0.0850
Open0.0850
Bid0.0800 x 0
Ask0.0850 x 0
Day's Range0.0750 - 0.0850
52 Week Range0.0200 - 0.1100
Volume144,050
Avg. Volume499,264
Market Cap8.901M
Beta (5Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)-0.0680
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    A.I.S. Resources Announces Grant of Option to Acquire Kingston Gold Project, Victoria Australia

    VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) [http://aisresources.com/investors/stock-quote/] today announced the Company has been granted an option (the “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 (vendor) 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 acquisition by the Company of the Optionor’s 100% interest in Exploration Licence 006318, that covers 167 sq kilometres but excluding Prospecting Licence (“PL”) PL007020 contained within the Exploration Licence area, an area of 5 hectares. The Optionor, ConnorCoote Mining, is a joint venture between Owen Coote and Glenn Connor, both of Victoria, Australia.  The Company will pay AUD$35,000, non-refundable to the Optionors for the Option.The consideration payable by the Company for the Exploration Licence, assuming satisfactory completion of due diligence and settlement of the Sale and Purchase Agreement, is AUD$260,000, 4,000,000 common shares of the Company and 4,000,000 share purchase warrants exercisable at $0.15 for a period of five years. The Optionor will retain a 1% NSR up to a cap of 50,000 oz of gold.  The Optionor will also be permitted to carry on mining activities outside of the PL007020 where the shaft started inside the PL, and an agreement has been reached on a 15% revenue share.The transaction is subject to acceptance by the TSX Venture Exchange.The Company has granted a total of 450,000 incentive stock options to various 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 $0.085 per Share being the closing price of the Shares on the TSX Venture Exchange on September 17, 2020. The Options vested on grant and will expire on September 18, 2025. The stock options granted are subject to the acceptance of the TSX Venture Exchange.About A.I.S. Resources  A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals, with a track-record of successful capital markets achievements. In July-August 2020, AIS entered into agreements to acquire and develop the Toolleen-Fosterville Gold Project in Victoria Australia and the Yalgogrin Gold Project in central New South Wales, Australia.On Behalf of the Board of Directors, AIS Resources Ltd. Phillip Thomas, President & CEO Corporate Contact  Phillip ThomasMartyn Element President & CEOChairman T: 747 200 9412, +61433747380T: 604 220-6266 E: pthomas@aisresources.com  E: melement@aisresources.com     Website:  www.aisresources.com  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.

  • A.I.S. Resources Announces Plans to Fast Track Its Fosterville-Toolleen Gold Project Drilling Program
    GlobeNewswire

    A.I.S. Resources Announces Plans to Fast Track Its Fosterville-Toolleen Gold Project Drilling Program

    Fig 1 and 2 Fig 1 (left) – Maps shows 12 km proximity to 7.58 Moz Fosterville Gold Mine and Fig 2 (lower right) shows AIS’ Gold Project’s open cut mine operated In 1995.VANCOUVER, British Columbia, Sept. 15, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited  (TSX: AIS, OTCQB: AISSF) (the "Company" or "AIS") announces management’s plans to fast track its drilling program on the Company’s new Fosterville-Toolleen Gold Project the (Project), 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. The Gold Project has historically produced at approximately 10 g/t gold and we see considerable upside in the immediate area around the old Toolleen Gold Mine. The Victoria State Government considers mining to be a key essential industry, so conducting exploration on the Company's assets can be performed during these globally difficult times. We are working with our geological consultants to plan an initial drilling program for our highly prospective Project located only 12 km from one of the world’s most profitable underground gold mines. Management’s objective is to take advantage of the global gold price surge, by aggressively exploring our excellent gold assets.”As previously announced, AIS Resources signed a Binding Letter of Intent to acquire the Fosterville-Toolleen Gold Project, and work is progressing on the completion of this important acquisition. Complete details of the acquisition can be found in the Company's news release of August 24, 2020. Technical information in this news release has been reviewed and approved by Phillip Thomas, CEO of AIS, who is a Qualified Person under the definitions established by the National Instrument 43-101.About the Fosterville-Toolleen Gold Project This advanced stage gold Project is located 12 km from Kirkland Lake’s 7.58 Moz Fosterville Gold Mine and three km from the township of Toolleen. The project includes an open cut mine, free gold on the surface, substantial geological work and evidence of quartz. The Toolleen Gold Zone was mined underground until 1957 with a reported 7,000 tonnes @ 10g/t Au being produced from the top 60 metres. Other explorers around the AIS Resources project include: Fosterville South Exploration (FSX-V), Nubian Resources (NBR-V), Catalyst Metals (CYL-AX), and Petratherm Limited (PTR-AX).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. The Company is managed by a team of experienced mining and geological professionals, with a track-record of successful capital markets achievements. In July-August 2020, AIS entered into agreements to acquire and develop the Toolleen-Fosterville Gold Project in Victoria Australia and the Yalgogrin Gold Project in central New South Wales, Australia.A.I.S. Resources ltd. For further information, please contact: Phillip Thomas, Chief Executive Officer Tel: +1-747-200-9412 Email: pthomas@aisresources.com Or Martyn Element, Executive Chairman Tel: +1-604-220-6266 Email: melement@aisresources.com  Website: www.aisresources.comNeither 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.A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1c104c0a-0312-493e-9252-024443aac60c

  • A.I.S. Resources Verifies Assay Results and Completes Due Diligence at West Wyalong Advanced Gold Project in Australia
    GlobeNewswire

    A.I.S. Resources Verifies Assay Results and Completes Due Diligence at West Wyalong Advanced Gold Project in Australia

    Fig-1 From left to right looking from Holland to Walsh’s along the depression (mineralised area) with a rehabilitated historic mine in the foreground near True Blue and Adelaide historic workings. Fig-2 Drill holes and trenching on EL5891 with historical mines Fig-3 and 4 Fig 3 (L) Sample bags from hole YAC72; Fig 4 (R) YAC64 showing the sample that assayed 5.41 gm/t Gold Fig-5 YAC64-72 Drill core assay results from Onsite Laboratory Services Fig-6 and 7 Fig 6 (L) – Talmore mine showing carbonaceous slate. Fig 7 (R) – Asia Wyalong mine and shaft with visible drives and a depth of 91 metres Fig-8 Arsenic is correlated with gold and this map shows the Arsenic (As) contours and old workings, and sampling along the creek. Fig-9 and 10 Fig 9 (L) – Quartz veins intruding cracks in host rock at Asia Wyalong mine. Fig 10 (R) – Folding in bedrock with tensional cracks and quartz veins at Asia Wyalong mine Fig-11 Total magnetic intensity map. White circle represents centre of pit. White star indicates location of metallic debris. White lines indicate locations of the three TEM coincident loop profiles. Line AB reflects trend in TEM data. Black dashed lines indicate major fracture systems and possible drill targets.VANCOUVER, British Columbia, Sept. 02, 2020 (GLOBE NEWSWIRE) -- A.I.S. Resources Ltd. (TSX-V:AIS) (“AIS” or the “Company”) announces that due diligence on the Yalgogrin Orogenic Gold Project (the “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-97e9-2f5ce72d5ddeFig 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/2df0a2d3-497a-4512-90cf-30b43dadd0c6Twelve samples from YAC64-72 were assayed to verify 2018 assay results. Results are in Fig.5 below. One blank was included for QA/QC. Onsite Laboratory is the only ISO registered commercial mineral laboratory in Victoria. Fig 3 & 4: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7e64b5a-515d-4690-bc19-1dd476a51cb4 Fig 5: https://www.globenewswire.com/NewsRoom/AttachmentNg/c3408914-d87c-435e-912c-827a17d0be63Assay Results Verified The Pearson correlation co-efficient is 98.4%, which is exceptionally high and gives us full confidence in the assay results. Sample YAC64, original SGS assay was 5.49gm/t and Onsite Laboratory assays were at 5.01gm/t and 5.6 gm/t. Out of the twelve samples assayed, eight were higher than the original assay, which is due to the sample sizes. The 10.5% sampling difference is reasonable given the sample size.The EL6030 Group of Gold Workings Approximately 10 km southwest of Yalgogrin is a group of workings comprising the Asia-Wyalong Mine, and the Talmore Mine, which cover 56 sq km and were staked as ELA6030. AIS’s property is surrounded by Thomson Resources’ Yalgogrin Gold Field property.Fig 6 & 7: https://www.globenewswire.com/NewsRoom/AttachmentNg/9841f12e-200e-4eee-a8d6-b85ee96d1ed7Fig 8: https://www.globenewswire.com/NewsRoom/AttachmentNg/e41c65eb-4c98-4949-ae46-de293cd19ee9“With 11 km strike length of known gold workings, and production over 15,000 oz from surface workings, the assay results are what we were expecting. This gives us confidence going forward with our highly prospective gold project in the Lachlan Fold Belt in NSW. And the geology and topography we examined gives us additional assurance that further exploration will be rewarding,” stated A.I.S. Resources CEO, Phillip Thomas. “The Asia-Wyalong and Talmore mine areas displayed geology consistent with the occurrence of gold. And the numerous pits and historic workings give us strong indications where to explore. To develop a drill target program, we had detailed discussions with geophysics consultants about conducting an IP survey over the key areas of interest. We also met with the drill team to discuss the area’s geology. Preparation of the Option Definitive Agreement for the initial acquisition of 60% is progressing well. Upon completion we will be able to close the transaction. All technical due diligence has been finalised and the returns for the NSW Resources and Geoscience Division have been completed.”Fig 9 & 10: https://www.globenewswire.com/NewsRoom/AttachmentNg/66acfea5-ff01-4bb6-9d98-54c2456e2abeFig 11: https://www.globenewswire.com/NewsRoom/AttachmentNg/71842386-cb77-40b2-8db9-8790f9212aa1Evidence of Significant Lineaments in Magnetisation Evident  Magnetic data is presented as a contour image of total magnetic intensity. The significant lineaments in magnetisation are clearly evident in Figure 11. These are assumed to be associated with the prospective fracture systems that may be the location of gold mineralisation close to the surface. Numerous short wavelength features are also evident throughout the survey area.Technical information in this news release has been reviewed and approved by Phillip Thomas, CEO of A.I.S. Resources, who is a Qualified Person under the definitions established by the National Instrument 43-101 and a Certified Mineral Valuer.About the Yalgogrin Gold Project The advanced-stage exploration project is located in the historic Yalgogrin gold field, only 37 km west of the town of West Wyalong on the Newell Highway and 595 km north of Melbourne. The 5,880 hectares (14,530 acres) project is in the Koetong suite of granites in the Lachlan Fold Belt of NSW, Australia.About A.I.S. Resources Limited A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focussed on precious and base metals exploration. The Company is managed by a team of experienced mining and geological professionals. AIS has been involved in manganese trading from mines in Peru. In July-August 2020, AIS entered into agreements to acquire and develop the Tooleen-Fosterville Gold Project in Victoria Australia and the Yalgogrin Gold Project in central New South Wales, Australia.For further information, please contact Phillip Thomas, Chief Executive Officer A.I.S. Resources Limited Tel: +1-747-200-9412 Email: pthomas@aisresources.com Or Martyn Element, Executive Chairman Tel: +1-604-220-6266 Email: melement@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.