A.I.S. Resources Announces Plans to Fast Track Its Fosterville-Toolleen Gold Project Drilling Program
A.i.S. Resources Limited
Suite 2300 – 1177 West Hastings Street
Vancouver BC Canada V6E 2K3
T: +1-604-687-6820
www.aisresources.com
A.I.S. Resources Announces Plans to Fast Track Its
Fosterville-Toolleen Gold Project Drilling Program
Vancouver, British Columbia, September 15, 2020 – 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.”
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.
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: [email protected]
Or
Martyn Element, Executive Chairman
Tel: +1-604-220-6266
Email: [email protected]
Website: 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. 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.