A.I.S. Resources Completes 10.3 line km of DGPR Geophysics on Fosterville-Toolleen Property
A.I.S. Resources Completes 10.3 line km of DGPR
Geophysics on Fosterville-Toolleen Property
Vancouver, British Columbia, December 17, 2020 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF ) (the
"Company" or "AIS") announces that Derek Reeves, senior geophysicist and his team Worldwide Geological
Services completed 10.3 line kilometres of Deep Ground Penetrating Radar (“DGPR”) to define the alluvial
channels and geological structures on EL006001 (“EL” or “6001”). Permission to conduct the geophysics has
kindly been provided by the vendor, Providence Gold and Minerals Pty Ltd while waiting for the contract to
complete.
Fig. 1 – DGPR antennas being laid out before the measurement is taken (left hand photo) Denis Walsh
assisting with directions with geophysicist Derek Reeves (right hand photo).
DGPR (or non-dispersive EM wave propagation in the ground) is a geophysical technique offering images with
excellent resolution in the sediments; up to 150m of the surface in ideal conditions and, routinely, 100m. On
the EL, quartz reefs are known in the vicinity in addition to multiple older leads and they could both be the
source of the nuggets at Toolleen. AIS constrained the scope of the radar to 50m to obtain finer resolution of
the gold bearing structures. Initial results will be available within next few days. The interpretation will include
analysis of the petrophysical logs from previous drilling work.
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Fig. 2 – Some gold nuggets found on the project area where DGPR will be conducted. The nuggets are
well water worn but occasionally nuggets attached to quartz are found to appear locally. The pen knife
is 45mm long.
Fig. 3 – Map of the traverses of the Deep Ground Penetrating Radar – shown as green lines on the map of
AIS’ EL006001 – the closest gold property (12 km) to Kirkland Lake Gold’s (NYSE: KL) Fosterville Mine with
past and present reserves of 9 Moz gold*.
The IP geophysics for Yalgogrin, NSW has been booked for early January 2021. The area for the gradient array
has been set out at EL5891 and ELA006030. The focus on ELA006030 is near the Asia-Wyalong mine shaft. The
licence area has been unaffected by the recent heavy rains in northern NSW.
About A.I.S. Resources Limited
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A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on
precious and base metals exploration. AIS’s 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 its portfolio. The Company is managed by a team of experienced
geologists, with a track-record of successful capital markets achievements. In November 2020, AIS received
TSX-V approval to acquire the New South Wales Yalgogrin Gold Project JV, the Fosterville-Toolleen Gold
Project and the Kingston Gold Project in Victoria Australia.
Phillip Thomas
CEO
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
* Fosterville Mine’s past and present resources of 9Moz Au as reported by Earth Resources, Victoria State Government
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
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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-
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