• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Battery Metals Market
    Battery Metals News
    Battery Metals Stocks
    • Battery Metals Market
    • Battery Metals News
    • Battery Metals Stocks
    lithium investing

    A.I.S. Resources Commenced Drill Hole One at Guayatayoc Mina, Argentina on January 20, 2019. Guayatayoc Mina III Assembly Document Signed by Rincondillas Community – Planned Date for UGAMP, February 24, 2019

    Anwesha Sengupta
    Jan. 25, 2019 06:52AM PST
    Battery Metals
    Lithium Investing

    A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that drilling commenced at the Guayatayoc Minacateo in Northern Argentina on January 20, 2019. 

    A.I.S. Resources Limited (TSX: AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that drilling commenced at the Guayatayoc Minacateo in Northern Argentina on January 20, 2019.  The target depth is 400 metres. 143 metres has been drilled so far.

    Figure 1 – Drill Rig

    Brine sampling using a handheld resistivity meter has provided the following encouraging results:

    • Resistivity 182 ms (micro siemens) (three times the salt concentration of sea water which is 54 ms))
    • Specific Gravity is 1.12 (fresh water is 1.0) (lithium brines are usually 1.2-1.25)
    • Ph is 7.12 (slightly alkaline which is possibly due to the presence of bi-carbonates that combine with Li, Ca, Mg, and other elements)

    Brine samples from the packer test at 102 metres depth will be sent to the laboratory this week for detailed analysis. We expect lithium values to increase as we approach 250-300 metres depth. The next packer test for brines will be at 250 metres. The drill core (Fig 2) is composed of black and green clays down to 102 metres. We are seeing more sand in the clay and the presence of salt flakes, which is a good sign for porosity.

    Figure 2 – Drill Core.

    Picture above shows the drill core at 94.5m depth displaying gray clay sediment with sand and salt crystals. The picture below (Fig 3) shows the black clays with sand and salt crystals in it.

    Figure 3 – Black Clays.

    Phil Thomas CEO said that, “The drilling guys have really put in and got us going three days earlier than expected.  We haven’t seen any significant evidence of brine pressure so far so we didn’t have to stop to cement the hole.  Core coming out has been very encouraging.  It seems to have the predicted porosity, resistivity and Ph we want to see. The packer brine sampling test results will tell us if we are in the right location.

    Guayatayoc III
    We are delighted that the Rincondillas community signed the Assembly Document and a meeting with the Department of Mines was concluded to provide some additional technical information and set a date for the UGAMP meeting on 24 February 2019.  Phil Thomas will attend this meeting.

    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,
    AIS Resources Ltd.
    Phillip Thomas, President & CEO

    Corporate Contact
    Phillip Thomas
    President & CEO
    T: 747 200 9412
    E: pthomas@aisresources.com

    Martyn Element
    Chairman
    T: 604 687 6820
    E: melement@aisresources.com

    Website: www.aisresources.com

    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.

    Source: aisresources.com

    a.i.s. resources limitedlithium investing
    The Conversation (0)

    Go Deeper

    AI Powered

    Drill Tracker Weekly: Balmoral Intersects Longest High-grade Interval to Date at Martiniere

    TSXV:SPOT

    GoldSpot Provides High Quality Targets for Pacton’s Red Lake Project

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Battery Metals Stocks

    International Lithium Corp.

    ILC:CA

    Lithium Africa

    Atlantic Lithium

    A11:AU

    Galan Lithium

    GLN:AU

    Jindalee Lithium

    JLL:AU

    CleanTech Lithium

    CTLHF
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×