VANCOUVER, British Columbia,
April 27, 2018 /PRNewswire/ --
A.I.S. Resources Limited
(TSX-V: AIS) (OTCQB: AISSF) (the "Company" or "AIS") is
pleased to announce it has engaged a second drilling contractor,
AGV Falcon S.R.L. of Salta, Argentina to complete up to four diamond drill
holes for a total of 1,300 meters across four tenements at its
Chiron project in the Pocitos Salar.
AGV Falcon has mobilized a drill rig
onto the site and is expected to begin drilling on Saturday
29 April 2018. AIS is looking
to expedite exploration at Chiron to gather all the necessary data
prior to purchasing the project.
Phil Thomas, Chief Operating
Officer and exploration director of A.I.S., stated: "It will be
exciting to see the brine results in the core and how well it
correlates with the geophysics we have completed. We will
drill one hole in Pocitos 2 down to 400m to examine the lithium concentration in the
brine at depth. Our modelling suggests there is a significant
aquifer at depth but this will give us proof. I will be
overseeing the data collection and ensure that QA/QC is monitored
and our local geologist will be supervising the packer
testing."
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.
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 early-stage projects worldwide, that have strong potential
for growth with the objective of providing significant returns for
shareholders. The Company's current activities are focused
exclusively on the exploration and development of lithium brine
projects in northern Argentina.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
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.
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
E: memorin@aisresources.com
Website: http://www.aisresources.com
SOURCE A.I.S. Resources Limited
