Tickers: XTSX:AIS, PINX:AISSF
Tags: Mining
Vancouver, British Columbia / TheNewswire / October 12, 2018 - A.I.S. Resources Limited (TSX-V - AIS, OTCQB: AISSF) (the "Company" or "AIS") is pleased to announce that the final TEM Geophysics report from Quantec with detailed analysis of the TEM profiles has been interpreted. Two major aquifer structures, one almost 8km wide and 100 metres in depth, based on low resistivity values have been identified. In five of the six profiles analysed all have resistivity values below 0.026 ohm-m which is considered exceptional. Two independent geophysicists have examined the profiles and come to the same conclusion as our Exploration Director, Phil Thomas.
Preparations have commenced to start a drilling program in the next four weeks subject to drill rig availability.
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Fig 1. Shows the six TEM lines that were surveyed from left to right, 1-6. Profile one (L1N) was 8km and cross both Guayatayoc III and Guayatayoc Mina concessions. Profile two(L2N) was 5km across the northern portion of Guayatayoc III and Profiles three through six (L3N, L4N, L5N & L6E) concentrated in the northern section of Guayatayoc Mina.
Profile One
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Profile One (L1N) showing aquifer region which is 8km wide. Areas of resistivity of 0.015ohm-m or lower are outlined in black. This is exceptionally low considering a concentration of 280,000ppm salt in water at 10 degrees has a value of 0.025 ohm-m so it appears there are other conductive ions besides sodium present where resistivity values are 0.015 ohm-m or lower.
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Resistivity Legend
Profile 2 - Guayatayoc III
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Profile two (L2N) shows resistivity values less than 0.72 ohm-m which is very exciting given the west side appears to continue into L3N at Guayatayoc Mina.
Profile 3
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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 (yellow/green) and wet (purple/red) strata at depth.
Profile 4
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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
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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. We extensively sampled the surface north and south of LN5 with 36 two metre deep trenches and recorded lithium values from 50-200ppm. These concentrations of lithium are coming in at 0.277 ohm-m near the surface and so we conclude there are likely to be higher concentrations of lithium at depth where lithium has concentrated over the past 1.6 million years.
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Profile 6 is diagonally across the top corner of Guayatayoc Mina and picks up the sampling results at the surface of 145ppm lithium. The purple zone of less than 0.015 ohm-m is less than 100 metres from the surface and would be an ideal drilling target.
Phil Thomas said that, "These results are exactly what we were looking for, a deep basin with very large aquifers defined at the moment by low resistivity zones, 8km wide by 5 km in length at about 200m 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. 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
T: 747-200 9412
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
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 Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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