A.I.S. Resources Completes 10.3 line km of DGPR Geophysics on Fosterville-Toolleen Property
December 17 2020 - 8:30AM
A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the "Company" or
"AIS") announces that Derek Reeves, senior geophysicist, and his
team Worldwide Geological Services completed 10.3 line kilometres
of Deep Ground Penetrating Radar (“DGPR”) to define the alluvial
channels and geological structures on EL006001 (“EL” or “6001”).
Permission to conduct the geophysics has kindly been provided by
the vendor, Providence Gold and Minerals Pty Ltd, while waiting for
the contract to complete.
Fig.1:
https://www.globenewswire.com/NewsRoom/AttachmentNg/44f5d570-955f-40d8-a35b-035aedafd918
DGPR (or non-dispersive EM wave propagation in
the ground) is a geophysical technique offering images with
excellent resolution in the sediments; up to 150m of the surface in
ideal conditions and, routinely, 100m. On the EL, quartz reefs are
known in the vicinity in addition to multiple older leads and they
could both be the source of the nuggets at Toolleen. AIS
constrained the scope of the radar to 50m to obtain finer
resolution of the gold bearing structures. Initial results will be
available within the next few days. The interpretation will include
analysis of the petrophysical logs from previous drilling work.
Fig.2
:https://www.globenewswire.com/NewsRoom/AttachmentNg/c9fde1c1-097b-4d91-9231-5f30778b8eeb
Fig.3:
https://www.globenewswire.com/NewsRoom/AttachmentNg/db5f64c7-fdaf-45c5-9a1a-5927194bd341
The IP geophysics for Yalgogrin, NSW has been
booked for early January 2021. The area for the gradient array has
been set out at EL5891 and ELA006030. The focus on ELA006030 is
near the Asia-Wyalong mine shaft. The licence area has been
unaffected by the recent heavy rains in northern NSW.
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 ltd.For 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
* Fosterville Mine’s past and present resources
of 9Moz Au as reported by Earth Resources, Victoria State
Government
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adequacy or accuracy of this release.
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