VANCOUVER, British Columbia,
Jan. 5, 2018 /PRNewswire/ --
A.I.S. Resources Limited (TSX-V: AIS, OTCQB: AISSF) (the
"Company" or "AIS") announces it has been granted an exploration
licence for seismic and drilling at its Chiron project. This allows
the company to quickly progress to a TEM seismic program and then
drilling immediately following.
AIS has entered into a contract with Quantec Geoscience
Argentina S.A. to conduct a 19 point TEM (VES) seismic survey in early January 2018. The survey will utilize one Geonics
EM37 transmitter, a Geonics Protem 37 receiver and a 3D coil.
The main objective of the requested TEM surveys is to define the
subsurface horizon's that are highly conductive that will likely
define the presence of aquifers on the properties down to a depth
of approximately 400 metres for drill targets.
The work will be completed by February 2018. Preliminary
tenders have been received from a number of drilling companies for
an eight hole program of 3,200 metres.
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
portions of this news release, and has approved the disclosure
herein. Mr. Thomas is not independent of the Company as he is an
officer and shareholder.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
About A.I.S. Resources
A.I.S Resources Limited 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 network, they identify and
develop early stage projects worldwide that have strong potential
for growth with the objective of providing significant returns for
shareholders. The Company's most recent activities have been the
exploration of lithium properties in Northern Argentina.
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.
Contact:
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
W: http://www.aisresources.com
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SOURCE A.I.S. Resources Limited
