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.

 

Martyn Element stated, "I am pleased to accept the role of CEO and look forward to providing a full corporate update of the recent activities and results at the Company's lithium and gold properties shortly."

 

In conjunction with this appoint Phillip Thomas has resigned as COO, CEO and President of AIS. He will remain as a director of the Company and will provide geological consulting services to the Company on certain projects. The Company thanks Phillip for his significant contributions and wishes him the best in his future endeavours.

 

AIS is currently acting as project manager for the Spey Resources (TSXV:SPEY) and Recharge Resources (CSE:RR) Pocitos drilling program in Argentina.

 

  About AIS Resources Limited  
AIS Resources Limited is a publicly traded investment issuer listed on the TSX Venture Exchange focused on lithium, gold, 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 9.9 km from Kirkland Lake's Fosterville gold mine, a 60% interest in the 57 sq km Bright Gold project (with the right to acquire 100%), a 40% interest in the 58 sq km New South Wales Yalgogrin Gold Project, and 100% interest in the 167 sq km Kingston Gold Project in Victoria Australia near Stawell and Navarre. AIS has further options to acquire three lithium concessions in the Pocitos and Cauchari Salars in Argentina and also has 20% joint venture interest with Spey Resources Corp. in the Incahuasi lithium brine project and 15% royalty at the Pocitos Salars JV in Argentina.

 

On Behalf of the Board of Directors,
A.I.S. Resources Limited

Martyn Element
President, CEO, Chairman

 

Corporate Contact
For further information, please contact:
Martyn Element. CEO, 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.

 

 

 

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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.

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Exploring and Expanding Australian Gold Assets

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."

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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  

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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.

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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."

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A.I.S. Resources Completes Peru Manganese Trade, Zambian Ores Assay 53 Percent Mn

A.I.S. Resources Limited (TSXV:AIS, OTCQB:AISSF) (the “Company” or “AIS”) announces that it has received payment for the first 292 DMT (“dry metric tonnes”) of Manganese fines sold in November 2019.  There was no discrepancy between the China Import Quarantine (“CIQ”) and Veritas Peru certificate of chemical analysis.  The buyer paid the benchmark price of US$3.70 per DMTU and the final grade was 42.75% Mn.

AIS has sourced very high quality manganese from its Zambian supplier which will be sold on a CIF basis from Dar Es Salaam Port in Tanzania.  The ore was independently assayed by our Chinese buyer with an assay of 53.66% Mn with low iron, silica and aluminum.  We will move to contracts after the Chinese new year.

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