A.I.S. Resources Ltd. is pleased to announce that the final TEM Geophysics report from Quantec with detailed analysis of the TEM profiles has been interpreted. Two major aquifer structures, one almost 8km wide and 100 metres in depth, based on low resistivity values have been identified. In five of the six profiles analysed all have resistivity values below 0.026 ohm-m which is considered exceptional. Two independent [...]
A.I.S. Resources Limited announces a non-brokered private placement of up to 5 million units of the Company at a price of $0.11 per unit for gross proceeds of up to $550,000. Each unit will consist 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 12 months from the closing date of the offering at a price [...]
A.I.S. Resources Ltd. is pleased to announce that the final TEM Geophysics report from Quantec with detailed analysis of the TEM profiles has been interpreted. Two major aquifer structures based on low resistivity values have been identified. During this past week Phil Thomas, Exploration Director and CEO undertook a 20 trench sampling program using a 321C Caterpillar excavator to trench down to 5 metres at each point [...]
A.I.S. Resources Limited is pleased to announce that it has been issued with a seismic and drilling exploration permit for Guayatayoc Mina. It is expected that the permit for Guayatayoc III will also be issued shortly. Detailed discussions with Quantec have been undertaken with regards to a TEM survey and results will be available shortly, subject to inhouse analysis and interpretation. We are planning a two-hole drill [...]
A.I.S. Resources Limited is pleased to announce that further to the Company's September 13, 2018 news release AIS has paid US$200,000 to extend its right to explore the Guayatayoc III, Guayatayoc Mina and Vilama properties from October 1, 2018 to March 31, 2019. The Company may exercise its option to acquire the property for US$4.5million. On September 28, 2018 the Company entered into a loan agreement with Mr. Bulent [...]
A.I.S. Resources Limited announces that the Company has applied to the TSX Exchange to amend the expiry date of 4,505,000 warrants exercisable at $0.30 from October 5, 2018 to October 5, 2019. The amendment is subject to TSX Exchange approval. About A.I.S. Resources A.I.S. Resources Ltd. is a TSX listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals, who have a [...]
A.I.S. Resources Ltd. is pleased to announce that it has signed an option agreement to extend its right to explore the Guayatayoc III, Guayatayoc Mina and Vilama properties from October 1, 2018 to March 31, 2019 for consideration of US$200,000. The Company may exercise its option to acquire the property for US$4.5million. The 60 day notice period for UGAMP submissions has concluded and the Company has responded to all [...]
AIS Resources Limited is pleased to report completion of the previously announced Time Domain Electromagnetic survey at the Salinitas lithium brine joint venture project located in the Salinas Grande Salar, Northwest Argentina. The first of the TEM geophysics profiles has been interpreted and potentially substantial aquifers exist over two 3 km x 2km x 180m depth areas. Preliminary highlights from the TDEM program show [...]
A.I.S. Resources Ltd.. is pleased to announce that the Company has amended the exercise price of certain options as follows: Effective August 23, 2018 AIS has increased the exercise price of 1,000,000 options expiring August 17, 2023 from $0.13 to $0.20. Effective August 23, 2018 AIS has amended the exercise price of 1,240,000 options expiring November 24, 2022 and held by certain consultants of the Company from $0.91 to [...]
A.I.S. Resources Ltd.. is pleased to announce the appointment of Phillip Thomas, COO as the new President and CEO of the Company. Phillip Thomas has functioned as the Company's COO and director of exploration since October 31, 2016. He has been a key driver of the acquisition and exploration of AIS's Argentinian lithium properties. Phillip has degrees in Geology and Business Marketing and is a certified mineral valuer. He [...]
A.I.S. Resources is pleased to announce that effective August 9, 2018 it has granted 126,667 stock options to a consultant of the Company pursuant to the Company's Stock Option Plan. The options vest immediately, have an exercise price of $0.15 per share and an expiry date of August 9, 2023. Effective August 17, 2018 AIS has granted an additional 1,000,000 stock options to directors, officers and consultants of the [...]
A.I.S. Resources Ltd. is pleased to announce completion of the previously announced Time Domain Electromagnetic survey at the Salinitas lithium brine project located in the Salinas Grande Salar in northwest Argentina. The TDEM geophysical survey was conducted across 52 stations at 500 meter spacings totaling approximately 26 kilometers. Data compilation is underway and interpretation is expected to begin shortly. Based on [...]
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