AIS Resources to Begin Drilling 1000M in First Week of March 2021 at Yalgogrin Gold Project Based on Excellent IP Geophysics Results
A.I.S. Resources Limited
Suite 2300 – 1177 West Hastings Street
Vancouver BC Canada V6E 2K3
T: +1-604-687-6820
www.aisresources.com
AIS Resources to Begin Drilling 1000M in First Week of March 2021
at Yalgogrin Gold Project Based on Excellent IP Geophysics Results
Vancouver, British Columbia, February 25, 2021 – A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the
"Company" or "AIS) is delighted to report that Fender Geophysics has completed the Gradient Array Induced
Polarization and Dipole-Dipole Geophysics survey at EL5891 Yalgogrin gold project with chargeability readings
of 5-7.5mv/v over the targeted area that are up to five times background values . The results are outstanding
and give us confidence to commit to a 800-1000m diamond drill program. Drillit Consulting from Parkes NSW
have been contracted to complete the diamond drill program commencing the first week in March 2021.
“The results achieved by Fender Geophysics Gradient Array survey are extremely encouraging,“ commented
Phil Thomas, CEO. “We have been able to combine the geophysics with results from previously completed
drill holes, on ground observations, the large number of augur holes and soils geochemistry to guide our
understanding of the mineralization system and give us confidence to drill test the selected targets.”
Correlation with ground geology has identified the peak chargeability associated with gossanous altered
granite that is mineralized with gold. There is a broad spatial association of chargeability trends with gold in
soil geochemical anomalisms across the property.
The gradient array survey provides plan view results which has enabled us to best locate the Dipole-Dipole
survey for interpreting results along 2D sections. Our independent geophysicist is working on an inversion of
the data to better define the results at depth and integrate with the gradient array geophysics. These results
will be available in the next week or so and will assist us to optimize drillhole placement.
Prior augur and drilling gold assays include:
• § 0.5m @ 32.2 g/t Au from 1.5m.
• § 22m @ 1.9 g/t Au from 1m, including 1m @ 21.5 g/t Au.
• § 14m @ 2.6 g/t Au from 1m.
• § 9m @ 2.2 g/t Au from 1m, including 1m @ 13.3 g/t Au from 7m.
Our Immediate opportunity is to define a s hallow oxide gold resource , then the d eeper high Grade gold
resource potential.
Fig 1. Yalgogrin is located in the Lachlan fold belt near Cowal and Cadia gold mines.
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Fig 2. Gradient Array IP Chargeability with gold in soil contour and 8 proposed drill hole locations.
Fig 3. Gradient Array IP Resistivity with gold in soil contour and 8 proposed drill hole locations.
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Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol MAIG
who is a Qualified Person under the definitions established by the National Instrument 43-101.
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. 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 and investment bankers , with a track -record of successful capital markets achievements. In
November 2020, AIS acquire d the 58sqkm New South Wales Yalgogrin Gold Project JV, the right to acquire
the 28 sq km Fosterville-Toolleen Gold Project located 10 km from Kirkland Lakes Fosterville gold mine and
the 167 sq km Kingston Gold Project in Victoria Australia near Stawell which settled in January 2021 . It has
also acquired an option over 596 sq km of exploration licence in western Victoria near Casterton where gold
and other minerals have been discovered.
A.I.S. Resources Limited
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
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responsibility for the adequacy or accuracy of this release.