VANCOUVER, British Columbia, Jan. 30, 2019 (GLOBE NEWSWIRE) — A.I.S. Resources Limited (TSX-V – AIS, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that brine sampling commenced at the Guayatayoc Mina in Northern Argentina on January 29, 2019 at 295 metres depth. The target depth is 400 metres.
Fig 1. Drill Rig
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a0b6b1d4-cb97-4690-8a37-57f535163598
Brine sampling using a handheld resistivity meter has provided the following encouraging results and confirms the previous results at 200m:
- Resistivity 188.5 ms (micro siemens) (three times the salt concentration of sea water which is 54 ms)
- Specific Gravity is 1.15 (fresh water is 1.0) (lithium brines are usually 1.2-1.25)
- Ph is 6.85 (slightly acid which is possibly due to the presence of chlorides that combine with Li, Ca, Mg, and other elements)
Brine samples will be sent to SGS in Buenos Aires for testing and to Geoanalytics in Tucson to measure porosity and brine release characteristics. SGS will take about 10-14 days to process the samples after they receive them. The next packer test for brines will be at 325 metres where the maximum resistivity contrast occurred.
Fig 2. Brine sample bottles duplicated
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2a0401c3-b4bc-4fbf-935d-5113383d8716
Fig 3. Core sample sealed and prepared for analysis at Geoanalytics, Tucson USA
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/3b330c0d-2f1e-4108-a0bb-620c871868cd
Fig 4. Drill core showing halite (salt) sequences at 292m depth
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/44886252-bfa8-4bb6-b4ac-8c1d3af9f1c3
Phil Thomas CEO said that, “Core coming out has been very encouraging as is the increase in specific gravity. In places the clays are soaked and we are not able to retrieve the core due to the brine levels which is good. The packer brine sampling test results will tell us in the next few weeks if the contrast between fresh water and salt water is lithium enriched brines.”
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, A.I.S. Resources Limited
Phillip Thomas
President and CEO
Contact
Phillip Thomas – President and CEO
E: [email protected]
Website: www.aisresources.com
Martyn Element
Chairman
T: 604 687-6820
E: [email protected]
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.
