A.i.s. Resources Commenced Drill Hole One at
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TSX-V: AIS A.I.S. Resources Limited
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A.I.S. RESOURCES COMMENCED DRILL HOLE ONE AT
GUAYATAYOC MINA, ARGENTINA ON 20 JAN 2019
GUAYATAYOC III ASSEMBLY DOCUMENT SIGNED BY RINCONDILLAS
COMMUNITY – PLANNED DATE FOR UGAMP 24 FEB 2019
Vancouver, British Columbia – January 25, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) is pleased to announce that drilling commenced at the
Guayatayoc Mina cateo in Northern Argentina on January 20, 2019. The target depth is 400
metres. 143 metres has been drilled so far.
Fig 1 – Drill Rig
Brine sampling using a handheld resistivity meter has provided the following encouraging
results:
- Resistivity 182 ms (micro siemens) (three times the salt concentration of sea water which
is 54 ms))
- Specific Gravity is 1.12 (fresh water is 1.0) (lithium brines are usually 1.2-1.25)
- Ph is 7.12 (slightly alkaline which is possibly due to the presence of bi-carbonates that
combine with Li, Ca, Mg, and other elements)
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Brine samples from the packer test at 102 metres depth will be sent to the laboratory this week
for detailed analysis. We expect lithium values to increase as we approach 250-300 metres
depth. The next packer test for brines will be at 250 metres.
The drill core (Fig 2) is composed of black and green clays down to 102 metres. We are seeing
more sand in the clay and the presence of salt flakes, which is a good sign for porosity.
Fig 2 – Drill Core
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TSX-V: AIS A.I.S. Resources Limited
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Picture above shows the drill core at 94.5m depth displaying gray clay sediment with sand and
salt crystals. The picture below (Fig 3) shows the black clays with sand and salt crystals in it.
Fig 3 – Black Clays
Phil Thomas CEO said that, “The drilling guys have really put in and got us going three days
earlier than expected. We haven’t seen any significant evidence of brine pressure so far so we
didn’t have to stop to cement the hole. Core coming out has been very encouraging. It seems
to have the predicted porosity, resistivity and Ph we want to see. The packer brine sampling test
results will tell us if we are in the right location.
Guayatayoc III
We are delighted that the Rincondillas community signed the Assembly Document and a
meeting with the Department of Mines was concluded to provide some additional technical
information and set a date for the UGAMP meeting on 24 February 2019. Phil Thomas will
attend this meeting.
Video is available on twitter @Phil_AISResourc
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 for this news
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release, and has approved the disclosure herein. Mr. Thomas is not independent of the Company
as he is Chief Executive Officer and a shareholder.
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 projects worldwide that have strong potential for growth with
the objective of providing significant returns for shareholders. The Company’s current activities
are focused 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
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,
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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.