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AIS Resources Ltd
Symbol AIS
Shares Issued 52,692,766
Close 2018-10-12 C$ 0.12
Recent Sedar Documents

A.I.S. identifies two aquifer structures at Guayatayoc

2018-10-12 09:08 ET - News Release

Mr. Phillip Thomas reports

A.I.S. RESOURCES COMPLETES GEOPHYSICS ANALYSIS AT GUAYATAYOC SALAR, JUJUY PROVINCE, NORTHERN ARGENTINA WITH OUTSTANDING RESULTS

A.I.S. Resources Ltd. has interpreted the final TEM (time-domain electromagnetic) geophysics report from Quantec with detailed analysis of the TEM profiles has been interpreted. Two major aquifer structures, one almost eight kilometres wide and 100 metres in depth, based on low resistivity values have been identified. In five of the six profiles analyzed, all have resistivity values below 0.026 ohm-metre which is considered exceptional. Two independent geophysicists have examined the profiles and come to the same conclusion as the company's exploration director, Phil Thomas.

Preparations have commenced to start a drilling program in the next four weeks subject to drill rig availability.

Profile summary

Profile 1 (L1N) was eight kilometres and cross both Guayatayoc III and Guayatayoc Mina concessions. Profile 2 (L2N) was five kilometres across the northern portion of Guayatayoc III and profiles 3 through 6 (L3N, L4N, L5N and L6E) concentrated in the northern section of Guayatayoc Mina.

Profile 1

Profile 1 (L1N) shows an aquifer region that is eight kilometres wide. Some areas show resistivity of 0.015 ohm-metre or lower. This is exceptionally low considering a concentration of 280,000 parts per million salt in water at 10 C has a value of 0.025 ohm-metre, so it appears there are other conductive ions besides sodium present where resistivity values are 0.015 ohm-metre or lower.

Profile 2 -- Guayatayoc III

Profile 2 (L2N) shows resistivity values less than 0.72 ohm-metre, which is very exciting given the west side appears to continue into L3N at Guayatayoc Mina.

Profile 3

Profile 3 (L3N) shows a low-resistivity area to the east, which is the end of the continuation of L2N but shows much lower resistivity at the 250-metre level. Plan views have been constructed for each 50-metre level down to 400 metres. TEM survey results here are exceptional because there is high contrast between drier and wet strata at depth.

Profile 4

Profile 4 shows the edge of the delta and there are no significant low-resistivity zones here, so there is no point drilling this area.

Profile 5

Profile 5 (LN5) shows a low-resistivity area to the east of the survey area but shows much lower resistivity at the 250-metre level. The company extensively sampled the surface north and south of LN5 with 36 two-metre-deep trenches and recorded lithium values from 50 parts per million to 200 parts per million. These concentrations of lithium are coming in at 0.277 ohm-metre near the surface and so the company concludes there are likely to be higher concentrations of lithium at depth where lithium has concentrated over the past 1.6 million years.

Profile 6 is diagonally across the top corner of Guayatayoc Mina and picks up the sampling results at the surface of 145 parts per million lithium. A zone of less than 0.015 ohm-metre is less than 100 metres from the surface and would be an ideal drilling target.

Phil Thomas, president and chief executive officer, said: "These results are exactly what we were looking for -- a deep basin with very large aquifers defined at the moment by low-resistivity zones, eight kilometres wide by five kilometres in length at about 200 metres with depths of up to 100 metres. Our first drill hole is located over the widest point of the low-resistivity zone in Guayatayoc Mina, so we are very anxious to get the results of the packer brine sampling test and look at the core."

Qualified person

Phillip Thomas, BSc (geology), MBusM, MAIG, MAIMVA, (CMV), a qualified person as defined under National Instrument 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 Ltd.

A.I.S. Resources is a TSX Venture Exchange-listed investment issuer, was established in 1967 and is managed by experienced, highly qualified professionals who have a long record of success in lithium exploration, production and capital markets.

The company's current activities are focused on the exploration and development of lithium brine projects in northern Argentina.

We seek Safe Harbor.

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