A.i.s. Resources Corporate Update
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Since 1967
TSX-V: AIS A.I.S. Resources Limited
A.I.S. RESOURCES CORPORATE UPDATE
Vancouver, British Columbia – March 22, 2018 – A.I.S. Resources Limited (TSX-V –
AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce final
interpretation of geophysics at Chiron. The company’s fundamentals have not changed,
but improved, and it remains on target with its timelines to become a lithium carbonate
producer in the first quarter of 2020.
Chiron Project Update
Final Interpretation of Geophysics
The TEM (transient electromagnetic survey) testing has detected substantial aquifers
over a broad area at its Chiron Project in the Pocitos Salar, Salta Province, Argentina.
Low resistivity sequences at 10 meters, 20 meters and 100 meters are interpreted as
rich sandy acquifers. See below.
East West Profile Through Chiron 1 -2
The surface acquifer can easily be seen but it is quite narrow in comparison to the
acquifer at 3605m MASL (meters above sea level) which is 80 metres in depth. These
extremely low values suggest the brines are highly conductive and not consolidated at
this depth. We would expect middle size grains of sand and some clay components
(that improve conductivity).
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Since 1967
TSX-V: AIS A.I.S. Resources Limited
Chiron 7 North South Profile
The brines at the southern end of the concession have built up close to the tectonic/fault
structure adjacent to the concessions. The geological model of the alluvial fans filling
the basin with sands and lithium bearing minerals from the local ignimbrites and
andesites is consistent with a porous sandy medium.
Chiron 9 East West Profile
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Since 1967
TSX-V: AIS A.I.S. Resources Limited
Drilling at Chiron
The Puna region has experienced unusually high levels of rains due to “La Ninã”
weather patterns over the last several weeks. The company is ready to mobilize a
drilling crew as soon as the Salar dries and drill pads are in. All the necessary
permitting is in place and drill hole locations have been finalized. The company has
sufficient funds to carry out the drilling program. A total of 3200 meters is planned
across all tenements.
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Since 1967
TSX-V: AIS A.I.S. Resources Limited
Guayatayoc Permit Update
The company has completed all the necessary requirements under current mining
legislation for the approval of its drilling permit and we are waiting for the Government of
Jujuy to set the date for our UGAMP meeting. The meeting is comprised of several
government agencies, communities and the company to discuss the project and final
approval of a drilling permit.
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 portions 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.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
Marc Enright-Morin
President and CEO
About A.I.S. Resources
A.I.S Resources Limited 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 network, 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 most recent activities have been the
exploration of lithium properties in Northern Argentina.
Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
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Since 1967
TSX-V: AIS A.I.S. Resources Limited
T: 778-892-5455
W: www.aisresources.com
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.
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