A.i.s. Resources Guayatayoc Mina Lithium Project, North Argentina Completes Initial Analysis of Six Brine Samples from Drill Hole 1 with Excellent Mg:li Ratios.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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A.I.S. RESOURCES GUAYATAYOC MINA LITHIUM PROJECT,
NORTH ARGENTINA COMPLETES INITIAL ANALYSIS OF SIX BRINE
SAMPLES FROM DRILL HOLE 1 WITH EXCELLENT MG:LI RATIOS.
Vancouver, British Columbia – February 11, 2019 – A.I.S. Resources Limited (TSX-V – AIS, OTCQB:
AISSF) (the “Company” or “AIS”) is pleased to announce that the lithium brine samples taken from
Drill Hole 1 (DH1) at the Company’s Guayatayoc Mina lithium project have been analysed by SGS,
an international accredited chemistry analysis firm in Salta.
The results are excellent given this hole had to be moved 150 metres east of the target zone to
the Quebralenas area where we have drilling rights. We expect to receive our drilling permit for
the target zone which is in the Rincondillas area within 30 days of the 28th February 2019 UGAMP
meeting.
Mg:Li ratio is below 8 with an average of 7.1, which means we will have a lower cost of
production, in the event we reach the production stage, as we will only need 7 parts of
calcium hydroxide to remove the magnesium.
Lithium range is 95-106ppm. Our minimum commercial value is 187ppm in our
production model. Pit G6 sampled 270ppm Li which was previously reported.
Potassium and boron are both low thus the sodium sulphate input for the potassium
removal and the ion exchange system to remove the boron will not be of any significance.
Phil Thomas CEO said that, “These results are great news given the location where we drilled was
not optimal. We intersected porous green and brown clays containing salt and sand and didn’t
encounter any major fresh water sub-aquifers that would have collapsed the hole and
contaminated it with fresh water. The lithium values are in the ball park but more important is
the lithium to magnesium ratio, being sub 8 on average. This is encouraging news and we look
forward to drilling Rincondillas in the target zone where the resistivity areas are sub 0.015ohm-
m where we expect to encounter much higher lithium values and higher specific gravity due to
lithium concentration at depth. We have four drill holes planned in the target zone with a depth
AIS Resources Ltd Lithium Guayatayoc Project - SGS Laboratories Salta Analysis
ppm
Sample Depth M Lithium Magnesium Mg:Li Potassium B2O3 Boron SG
1 102 91.5 586 6.40 3600 1640 1119
2 153 106 694 6.55 4080 2110 1134
3 251 105 689 6.56 4050 2110 1134
4 306 95.8 647 6.75 3790 1890 1125
5 351 95.2 775 8.14 4590 3080 1140
6 401 94.2 769 8.16 4540 3050 1140
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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of 250m each. Now that we have the lithology from DH1 it enables us to improve the accuracy
of our geological model.”
Fig 1. The star shows the location of DH1. G1- G36 show where we have trenched and sampled
and the solid yellow lines are the VES geophysics traverses. The black lines show the community
boundaries.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Fig 2. Is the geophysics at 100m depth. The DH1 location was moved another 50 metres to the
east away from the target zone, to the 0.025 Ohm-m zone. The community boundaries are
marked in red. The geophysics traverse line is in black.
Fig 3. Shows traverse 11750 or line 1 in Rincondillas area and the target zone (dark purple area)
which is 150m in depth and 7 kilometres wide with a length of 5 kilometres. The target zone has
a resisitivity of 0.015ohm-m, lower than salt water which is 0.025 Ohm-m.
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
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
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Martyn Element
Chairman
T: 604 687-6820
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