A.I.S. Resources Acquires Strategic 57 Sq Km Bright Gold Project Adjacent to E79 Happy Valley

A.I.S. Resources Acquires Strategic 57 Sq Km Bright Gold Project Adjacent to E79 Happy Valley

A.I.S. Resources Limited (TSXV: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces it has acquired a 60% interest (with an option to acquire 100%) in the exploration licence EL006194 from Clarus Resources Pty Ltd. The EL006194 contains more than 250 historical gold mines, reefs (quartz veins) and gold occurrences dating back to the 1890’s. Historically the EL006194 yielded 341,000 oz gold at grades ranging between 7-991 2g/t, averaging 22 g/t Au.


The Bright Gold Project and surrounds comprises many major historical workings and recorded production of over 730,0003 oz from both alluvial and rock mining. The largest producers on the Project were the Rose, Thistle and Shamrock mine @ 22.2g/t Au for 140,000 oz and the Oriental Mine @ 28g/t for 6,194 oz. The Bright Project is in a premium location and only 6km from E79’s Happy Valley Project.

Phil Thomas, CEO commented, “This is a major acquisition for AIS Resources, and a potential game changer as it provides us with numerous well-defined targets and the ability to use modern exploration techniques. Very little systematic exploration has been applied in this area, which historically had limited drilling below 60 metres. A maiden drilling program commenced late last year at the Golden Bar Prospect with two drill holes completed to 104 and 119 metres. The core will be submitted for assay very shortly.“

AIS Resources Golden Bar Prospect Drill

Fig 1 – Golden Bar Prospect Drill core section showing massive sulphide mineralization from the quartz. To be submitted for assay very shortly. Fig 2 – Drill rig with unnamed adit at Golden Bar Prospect in background

AIS Resources Map

Fig 3 – Map of A.I.S. Resources EL006194 and surrounding area

The terms of the acquisition were AUD$150,000 cash and the issuance of 10 million shares at CAD$0.06 per share for a 60% equity interest. The Company has the option to acquire 100% by exercising two 20% options at a pre-determined cost based on the indicated and measured gold mineral resources defined. Full details of the acquisition will be set out in a separate release. AIS also announces that Stewart Govett, the Principal of the Vendor and renown, highly experienced geologist from Exact Geoscience has contracted to work with the Company. AIS Resources will benefit from his experience and detailed knowledge of the area.

Rose, Thistle & Shamrock Gold Mine

The Rose, Thistle and Shamrock (RTS) Gold Mine, including Landtax reef is an area of significant potential. According to official Victorian Government Mining records, over 140,0004 oz of gold was produced at an average grade of 22.2 g/t between 1860 and 1934. Mining proceeded to a maximum depth of around 330m. The RTS gold mine is geologically and structurally complex resulting in the strong potential for significant economic ore. No significant exploration has been undertaken at or around the RTS mine since its closure almost 80 years ago.

AIS Resources Rose, Thistle & Shamrock Gold Mine

Fig 4 – Rose, Thistle & Shamrock Gold Mine

Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc Geol, MBM, FAusIMM MAIG MAIMVA(CMV) who is a Qualified Person under the definitions established by the National Instrument 43-101.

About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on precious and base metals exploration. AIS’ 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 our portfolio. The Company is managed by a team of experienced geologists and investment bankers, with a track-record of successful capital markets achievements.

AIS owns 100% of the 28 sq km Fosterville-Toolleen Gold Project located 9.9km from Kirkland Lake’s Fosterville gold mine, a 60% interest in the 58sqkm Bright Gold project, a 60% interest in the 58 sq km New South Wales Yalgogrin Gold Project (with the right to acquire 100%), and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. It also has joint venture interests with Spey Resources Corp in lithium brines in Argentina at Incahuasi and Pocitos salars.

On Behalf of the Board of Directors,
A.I.S. Resources Ltd.
Phillip Thomas, President & CEO

Corporate Contact
For further information, please contact:
Phillip Thomas, Chief Executive Officer
T: +1-323 5155 164
E:pthomas@aisresources.com

Or
Martyn Element.Chairman
T: +1-604-220-6266
E:melement@aisresources.com
Website:www.aisresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company 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 forward-looking statements contained in this press release are made as of the date hereof and the Company 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.

This article includes content from A.I.S. Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

AIS:CA
The Conversation (0)
A.I.S. Resources

A.I.S. Resources

Overview

A.I.S. Resources Ltd. (TSXV:AIS,OTCQB:AISSF)is a diversified resource company working to be a high-quality producer of precious metals and battery materials, particularly lithium, manganese and gold. To fulfill this goal, the company has assembled a team of highly-qualified professionals with a track record of success in exploration, production, commodity trading and capital markets. A.I.S. Resources is currently focused on developing its pair of gold projects in Australia, the Yalgogrin orogenic gold project and the Toolleen-Fosterville gold project.

The Yalgogrin orogenic gold project is located in the historic West Wyalong gold corridor, which produced 445,700 ounces of gold between 1894 and 1921. A.I.S. Resources has confirmed existing gold assays at Yalgogrin after reviewing 12 drill core samples from the property. The advanced-stage Yalgogrin gold project has seen extensive gold production over the past 100 years, including three major gold prospects that are in operation as of Q3 2020: Cadia Newcrest, the Lake Cowal gold mine and the Northparkes copper-gold mine.

Keep reading...Show less

Exploring and Expanding Australian Gold Assets

A.I.S. Resources - Appoints Martyn Element CEO and President

A.I.S. Resources - Appoints Martyn Element CEO and President

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") is pleased to announce the appointment of Martyn Element as CEO and President of the Company.

Martyn Element has served as Chairman of AIS since 2014. Martyn has been instrumental in raising over a half billion dollars in financing for public and private companies. Martyn brings a skill set of identifying needs and developing strategic plans and has a proven track record of successfully advising and marketing business ventures. He has cultivated an extensive global network of investment and financial contacts and developed strong working relationships with specialized funds and parties in the mining space.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

AIS Resources' RC Drilling Program Returns Exceptionally High Levels of Antimony in the Eastern Portion of the Fosterville-Toolleen Gold Project

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the discovery of elevated antimony levels in the eastern portion of the Company's Fosterville-Toolleen Gold Project.

AIS Resources CEO Phil Thomas emphasized, "This is a major breakthrough for our exploration team's efforts at our Toolleen Fosterville Gold Project. It is well known that antimony is a key pathfinder for gold as is evident at the neighbouring Kirkland Lake Fosterville Gold Mine and the Mandalay Resources Costerfield Gold Project . Antimony was the biggest pathfinder element for the Kirkland Lake Fosterville Gold Mine discovery. Costerfield is producing both gold and antimony with a gold grade of 15 g/tonne. The Fosterville Gold Mine is only 10 km and the Costerfield Gold Mine is 31 km from our Fosterville Toolleen Gold Project."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources' Optionee Spey Resources Prepares for Drilling at Incahuasi Lithium Salar, Argentina

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the Company's optionee Spey Resources Corp. (Spey) has engaged Amaru Mining Services and preparations are being made to commence drilling at the Incahuasi Salar, Argentina in the next three weeks. The drilling will take place in the locations shown below:

Figure 1: Red stars show drill hole locations 1 -5
https://www.globenewswire.com/NewsRoom/AttachmentNg/c73a3793-c98f-4d5f-9d6d-33a0fafacd0c

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources Announces ISIN & CUSIP Change

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces that effective July 9, 2021 the Company's ISIN changed from "BS0014301076" to " CA0014311058 ". Concurrently, the Company's CUSIP changed from "001430107" to " 001431105 ".

The change was due to a change of jurisdiction. There was no change in the Company's name, no change in its trading symbol and no consolidation of capital.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

A.I.S. Resources Closes Oversubscribed Financing

A.I.S. Resources Limited ( TSXV: AIS, OTCQB: AISSF ) (the "Company" or "AIS") announces the Company has closed its oversubscribed non-brokered private placement of 10,547,500 units ("Units") at a price of $0.08 per unit for gross proceeds of $843,800 (the "Private Placement"). The proceeds will be used for exploration of the Company's Australian gold projects and for general working capital purposes.

Martyn Element, Chairman of the Board stated, "We are pleased to close this oversubscribed placement. The funds will enable us to aggressively pursue our exploration and development program on our highly prospective Australian gold properties."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Silver bars, upward trend arrow and "Weekly Editor's Picks" text on stock market backdrop.

Editor's Picks: Gold Price Breaks US$3,400, Silver Added to Draft US Critical Minerals List

The gold price was on the rise this week, breaking through US$3,400 per ounce once again.

It's been pushed higher by US dollar weakness, as well as Federal Reserve turmoil.

President Donald Trump has been pressuring Fed Chair Jerome Powell to cut interest rates for months, and on Monday (August 25) the situation developed further when Trump posted a letter on his social media platform Truth Social. In it, he said he was removing Lisa Cook from her position on the central bank's board of governors due to allegations of mortgage fraud.

Keep reading...Show less
Gold bars with text "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Trifecta Shines with 117 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its second-quarter gross domestic product (GDP) figures on Friday (August 29). The data showed that the Canadian economy shrank 0.4 percent in the second quarter and declined 1.6 percent on an annualized basis. The decrease comes following first-quarter gains of 0.5 percent and a 2 percent annualized increase.

Much of the decrease was attributed to a 7.5 percent drop in exports compared to Q1. Canadian exports had risen 1.4 percent in the first three months of the year as US companies increased imports to get ahead of incoming tariffs.Excluding the lower costs at the pumps, CPI remained steady at 2.5 percent, the same increase as May and June.

Keep reading...Show less
Earthwise Advertising & Investor Awareness Campaign

Earthwise Advertising & Investor Awareness Campaign

Earthwise Minerals Corp. (CSE:WISE)(FSE:966) ("Earthwise" or the "Company) is pleased to announce ithas entered into an advertising and investor awareness campaign with Dig Media Inc. dba Investing News Network ("INN"). For the 12-month term of the agreement starting June 27,2025 and ending June 27, 2026.

INN will provide advertising on its website www.investingnews.com to increase awareness of the Company. The cost of the campaign is CAD $21.000. There is no other relationship between Earthwise and INN. INN does not provide investor relations or market-making services. INN is based in Vancouver, BC, and can be reached at 604-688-8231 or info@investingnews.com.

Keep reading...Show less
john hathaway, gold bars

John Hathaway: Gold Price Can Double, This Factor Isn't Priced In

John Hathaway, managing partner at Sprott (TSX:SII,NYSE:SII) and senior portfolio manager at Sprott Asset Management USA, shares his outlook for gold, including how high it could go.

"In my opinion, the gold price could more than double," he said.

Keep reading...Show less
Stack of shiny gold coins featuring a buffalo design on a wooden surface.

Navigating Uncertainty: How Trump's Tariffs Are Affecting the Gold Market

The gold price has been on the rise in 2025 as a slew of factors work in its favor.

Central bank buying has long been a key point of support, as has escalating conflict in the Middle East and elsewhere. A newer addition is tariff tensions as the Trump administration fleshes out trade policies.

The gold price has benefited from safe-haven demand amid the turmoil, but concerns that the yellow metal itself might face tariffs have also impacted the sector as industry insiders react to uncertainty.

Keep reading...Show less

Latest Press Releases

Related News

×