09:02:22 EST Sun 28 Nov 2021
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AIS Resources Ltd
Symbol AIS
Shares Issued 136,442,909
Close 2021-03-03 C$ 0.08
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A.I.S. Resources begins drilling at Yalgogrin

2021-03-03 20:09 ET - News Release

Mr. Phillip Thomas reports


Drillit Consulting, from Parkes in New South Wales (NSW), has mobilized its diamond drill rig and commenced drilling for a 1,000-metre drill program on the highly prospective gold-bearing Neighbours Farm prospect, part of A.I.S. Resources Ltd.'s 60-per-cent-owned Yalgogrin property on the Lachlan Fold belt, NSW, Australia.

Phil Thomas, chief executive officer, commented: "We have been able to combine the geophysics with new 3-D inversions to better target the drill holes where 32.2 grams per tonne gold (g/t Au) have been recorded at 0.5 metre below surface at the Neighbours Farm prospect. These geophysics results suggest a high probability of exceptional grades in the oxidized zone down to roughly 30 metres depth. Deeper drilling will also be carried out in the granites below to target the sulphide zone."

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 Ltd.

A.I.S. Resources is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. A.I.S. Resources' 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 record of successful capital markets achievements. In November, 2020, A.I.S. Resources acquired a 60-per-cent interest in the 58-square-kilometre New South Wales Yalgogrin gold project joint venture (JV), the right to acquire the 28-square-kilometre Fosterville-Toolleen gold project, located 10 kilometres from Kirkland Lakes Fosterville gold mine, and a 100-per-cent interest in 167-square-kilometre Kingston gold project in Victoria, Australia, near Stawell, which settled in January, 2021. It has also acquired an option over 596 square kilometres of exploration licence in western Victoria near Casterton, where gold and other minerals have been discovered.

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