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AIS Resources Ltd
Symbol AIS
Shares Issued 172,975,409
Close 2021-09-13 C$ 0.06
Recent Sedar Documents

A.I.S. plans soil sampling at Fosterville-Toolleen

2021-09-14 06:36 ET - News Release

Mr. Phil Thomas reports

A.I.S. RESOURCES PLANS AGGRESSIVE 1000+ SOIL SAMPLE PROGRAM TO FOLLOW UP ON EXCEPTIONAL ANTIMONY PATHFINDER RESULTS AT FOSTERVILLE-TOOLLEEN GOLD PROJECT

A.I.S. Resources Ltd. plans a phase 2 exploration program beginning with an aggressive 1,000-soil-sample program to follow up on the high-grade antimony results at its Fosterville-Toolleen gold property. The multielement results for the RC (reverse circulation) drilling program conducted at Toolleen have been processed using IoGas special-purpose software to measure the relationship between gold and the other elements such as antimony and arsenic to direct the soil sampling program.

Martyn Element, chairman of A.I.S. Resources, stated, "Given that antimony was the leading pathfinder element that led to the discovery of the Kirkland Lake Fosterville gold mine, one of the world's lowest-cost high-grade gold producers, A.I.S. is very encouraged by the exceptional antimony grade at its Fosterville-Toolleen gold property."

A.I.S. is planning follow-up soil sampling and then an RC drilling program in the vicinity of the higher-grade antimony (Sb) results continuing the traverse to the east and in the area of elevated gold in the southern traverse. A.I.S. will use its XRF (X-ray fluorescence) gun, a portable lab-quality analyzer that measures element composition, to assess results in real time and further refine its direction of exploration. The on-site laboratory is awaiting samples for prompt ICP (inductively coupled plasma) assay.

Phil Thomas, chief executive officer, said: "We have combined the RC drilling, soils and gravity structural geology to develop a robust rigorous exploration program for the coming months. This second phase of exploration will assist in developing our model of gold deposition in the Ordovician Permian lithology units around our Fosterville-Toolleen gold project. Ordovician lithology is a key characteristic of the Kirkland Lake Fosterville gold mine."

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.'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 the company's portfolio. The company is managed by a team of experienced geologists and investment bankers, with a record of successful capital markets achievements.

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