AIS Resources Commences Drilling 12 km East of Fosterville Gold Mine at the Highly Prospective Fosterville-Toolleen Gold Project
A.I.S. Resources Limited reports that drilling has now commenced on the Company’s Fosterville-Toolleen Gold Project in Victoria Australia, following successful interpretation of the ground based gravity survey. The Fosterville Toolleen Gold Project is located 12 km east of Kirkland Lake’s Fosterville gold mine – currently one of the richest gold mines in Australia. Phil Thomas, AIS’s CEO commented, “The …
A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the “Company” or “AIS”) reports that drilling has now commenced on the Company’s Fosterville-Toolleen Gold Project in Victoria Australia, following successful interpretation of the ground based gravity survey.
Tech One advises they have signed a facility fee agreement to utilize the
Ekosolve™ lithium Solvent Exchange Extraction process that can efficiently manage the processing of the brines to produce lithium carbonate with a grade higher than 99.2% and a recovery of 97% far exceeding any ion exchange or adsorption process available to date. Ekosolve™ is licensed to University of Melbourne, Australia.
The key advantage of the Ekosolve system is the high rate of lithium yield at 97% and 95% of the solvent is reclaimed. Other systems such as adsorption achieve 72-80%, fractional crystallization 50-70%, and ion exchange up to 90%. In adsorption and ion exchange extra processes may be required to manage the magnesium and boron in the brines whereas this is not an issue with the Ekosolve process. Hence the capital and operation expenditure is usually much lower. There are no ponds required which is a more eco-friendly solution.
A.I.S. Resources Started Drilling Today on Yalgogrin Gold Property, Lachlan Fold Belt, NSW, Australia
A.I.S. Resources Limited is delighted to report that Drillit Consulting from Parkes NSW have mobilized their diamond drill rig and commenced drilling today for a 1,000m drill program on the highly prospective gold bearing Neighbours Farm Prospect, part of the 60% owned Yalgogrin Property on the Lachlan Fold Belt, NSW, Australia. Phil Thomas, CEO commented, “We have been able to combine the geophysics with new 3D …
A.I.S. Resources Limited (TSXV: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is delighted to report that Drillit Consulting from Parkes NSW have mobilized their diamond drill rig and commenced drilling today for a 1,000m drill program on the highly prospective gold bearing Neighbours Farm Prospect, part of the 60% owned Yalgogrin Property on the Lachlan Fold Belt, NSW, Australia.
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 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 5-7.5mvv 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 …
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 5-7.5mvv 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 diam
VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE)
A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has closed its non-brokered private placement of 15,625,000 units (“
Units“) at a price of $0.08 per unit for gross proceeds of $1,250,000 (the “
Private Placement“). The proceeds will be used for exploration of the Company’s gold projects and general working capital purposes.
Each Unit consists of one common share and one transferrable share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of 24 months from the closing date of the offering at a price of $0.12 per common share. Insiders participated in the aggregate amount of $159,040 for 1,988,000 units. The Company shall pay finders fees totaling $62,640 and shall issue 783,000 finders warrants.