A.I.S. Resources Commences New Soil Sampling Program at Fosterville Toolleen Gold Project
October 05 2021 - 03:00AM
A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the
“Company” or “AIS”) announces the Company has commenced a soil
sampling program at its Fosterville Toolleen project, located 12 km
from the Kirkland Lake Fosterville mine as a pre-cursor to its next
drilling program. The sampling is taking place adjacent to the area
where the high antimony and arsenic pathfinders were detected in
drill hole 31.
Figure 1 – Map of the EL006001
Fosterville-Toolleen project showing the sample lines and
background gravity shaded in blue to
red.https://www.globenewswire.com/NewsRoom/AttachmentNg/3985176d-d906-4fa8-a2ab-f965ef08af10
The location is close to the Toolleen-Angle Road
that dissects the project. The survey lines extend up to 1.4 km in
the north-east area of the exploration licence. The soil sampling
will be done at 20m intervals with 50m separation between the
lines. Our latest model Olympus XRFp gun will analyse samples
collected on a daily basis. Samples will be sent to the laboratory
for pathfinder element analysis.
Gravity Survey Reprocessing and
InterpretationThe gravity survey completed recently by
Fender Geophysics is being reprocessed and interpreted by Nordic
Geoscience, with chief Geophysicist Asbjorn N Christensen
completing the work. The reprocessed gravity survey in conjunction
with the results of the soil survey will be used to determine
additional high priority drill targets.
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
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’ 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 12 km from Kirkland
Lake’s Fosterville gold mine (subject to completion of certain
exploration expenditures), 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
Corporate ContactFor further information,
please contact:Phillip Thomas, Chief Executive OfficerT: +1-323
5155 164E: pthomas@aisresources.comOrMartyn
Element. ChairmanT:
+1-604-220-6266E: 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. 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.
AIS Resources (TSXV:AIS)
Historical Stock Chart
From Feb 2024 to Mar 2024
AIS Resources (TSXV:AIS)
Historical Stock Chart
From Mar 2023 to Mar 2024