AIS Completes Geophysics & Identifies Prospective Aquifers at Mgx /AIS Salinitas JV Project, Salinas Grandes, Argentina
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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AIS COMPLETES GEOPHYSICS & IDENTIFIES PROSPECTIVE AQUIFERS
AT MGX /AIS SALINITAS JV PROJECT, SALINAS GRANDES, ARGENTINA
VANCOUVER, BRITISH COLUMBIA, September 3, 2018 / AIS Resources Limited (“AIS”)( (TSX-V
– AIS, OTCQB: AISSF) is pleased to report completion of the previously announced Time Domain
Electromagnetic (TDEM) survey at the Salinitas lithium brine joint venture project (the “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
(Figure 1) show the red zone as highly conductive. Interpreted aquifers outlined in black line
(Figure 1) are likely to represent brine soaked sands and clay. The large blue structures in Figure
1 are black volcanic rocks that can been seen outcropping in Figure 3. On line one, the size of the
two blocks in the low resistivity area is approximately 6,000m x 180m.
Interpretation of lines two and three are now underway and will provide an indication of potential
widths. The purple line on the surface (Figure 1) shows the main area of interest that will be
trenched with a backhoe in the near future.
Figure 1. Salinitas Project, Salinas Grandes - Blue dots represent survey lines along 26km .
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Figure 2. Blue dots represent survey lines and areas of focus for future trenching.
Figure 3. Black volcanic rocks outcropping at surface
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Salinitas Drilling Permit Update and Exploration Plans
A.I.S. has been advised that the Salta Department of Mines Administration is expected to issue
drill permits within the next week. Upon full completion and interpretation of all TDEM data, A.I.S.
plans to conduct trenching as well as an auger drilling program to test the shallow, near surface
brine targets that may potentially contain anomalous concentrations of lithium and other
elements. Exploration is being overseen by AIS’s Exploration Director and newly appointed CEO
Phillip Thomas. Mr. Thomas specializes in development of lithium brine projects and previously
acted as CEO of Admiralty Resources, where he was responsible for putting the Rincon Salar in
Argentina into production.
Phil Thomas stated: “This initial seismic data from the Salinitas Project based on the TEM
geophysics models strongly supports our case for acquiring an option on these strategic
concessions. Once all the geophysics analysis is completed we will start our trenching program
followed by our initial drilling program of two to four holes.”
About the Salinitas Lithium Brine Project
The Salinitas tenements are located in the lithium triangle at the Salar de Salinas Grandes, in the
Province of Salta. The 4,308 hectare contiguous land package resides in the Puna region of
northwest Argentina near the border of Chile, an area renowned for its lithium- and potassium-
rich brine resources. MGX has partnered with A.I.S. on the Project and MGX is currently earning
an undivided 80% interest by incurring total exploration expenditures of at least US$1.2 million
by May 31, 2020 and by making payments totaling US$3.2 million which are primarily due at
that time.
MGX Rapid Lithium Brine Extraction Technology
MGX has developed a rapid lithium extraction technology eliminating or greatly reducing the
physical footprint and investment in large, multi-phase, lake sized, lined evaporation ponds, as
well as enhancing the quality of extraction and recovery across a complex range of brines as
compared with traditional solar evaporation.
Qualified Person
Phillip Thomas, BSc. Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined under
NI-43-101 regulations, has reviewed the technical information that forms the basis of this news
release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company
as he is an officer and shareholder.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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About A.I.S. Resources
A.I.S. Resources Ltd. is a TSX-V listed investment issuer, was established in 1967 and is managed
by experienced, highly qualified professionals who have a long track record of success in lithium
exploration, production and capital markets. Through their extensive business and scientific
networks, they identify and develop early-stage projects worldwide that have strong potential for
growth with the objective of providing significant returns for shareholders.The Company’s current
activities are focused exclusively on the exploration and development of lithium brine projects in
northern Argentina.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas - President and CEO
T: 747-200 9412
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
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
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adequacy or accuracy of this release.