Vancouver, British Columbia – February 1, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H) (the “Company” or “AIS”) is pleased to announce that results of sampling programs at Guayatayoc Salar and Laguna Vilama have been received from the Australian Government National Measurement Institute (“NMI”).
- A total of 11 pit samples were taken, 2 in Guayatayoc and 9 in Laguna Vilama;
- Guayatayoc sample 1618 (G9) returned 910ppm lithium (0.091% Li), with 27,300 mg/L potassium (2.73% K) and magnesium to Lithium ratio of 1.0:1;
- Vilama sample 1626 (V18) returned 820ppm lithium (0.082% Li), 7 320ppm potassium (0.732% K) and a magnesium to lithium ratio of 7.9:1.
- The first pit sampling program of 34 sample pits at Guayatayoc are complete and samples have been sent to NMI for Analysis. Results are pending.
Location of the Sample Pits
The location of the pits are as follows:
|Hole No||South Latitude||West Longitude|
|G6||S23 20.721||W65 51.169|
|G9||S23 21.167||W65 51.144|
|V11||S22 35.405||W66 54.715|
|V12||S22 35.396||W66 54.732|
|V13||S22 35.390||W66 54.741|
|V14||S22 35.383||W66 54.193|
|V15||S22 34.862||W66 54.197|
|V16||S22 34.818||W66 54.210|
|V18||S22 34.783||W66 54.185|
The company is extremely pleased with these exploration sampling results. This is the first step to creating lithium and potassium isobars and the ground work to locate the sonic seismic and drill hole programs.
Samples collected at Guayatayoc and Vilama have lithium values in the range that would be considered exceptionally commercial along with very high relative potassium grades. Note that a NI 43-101 Report has not been issued and that readers should be cautioned that the inference of commerciality relates only to the grade and not to any resource estimates. The magnesium to lithium ratio is very low at Guayatayoc which implies a lower usage of Slaked lime and Sodium Sulphate to remove the magnesium from the brine.
Phillip Thomas, COO said, “The results of our recent sampling campaign continue to meet and exceed expectations. We look forward to our additional assays and the mapping of lithium, boron and potassium isobars in the coming weeks. ”
Phil Thomas, COO and Exploration Director and Marc Enright-Morin, CEO accompanied by local geologists visited the Guayatayoc Salar and Laguna Vilama in November 2016 and conducted a sampling program taking a total of eleven samples of which two samples were duplicated making a total of nine sampling locations.
Nine one litre bottles were rinsed out in brine from the sample pits and were immersed by hand to the middle depth of the pit at an elevation of 3,410 metres in Guayatayoc and 4,451 metres in Laguna Vilama. Samples were then prepared for shipping.
The samples were sent to the Australian National Measurement Institute (“NMI”) in Sydney, Australia which is one of the highest rated analysis institutions in the world. It is responsible for Australian measurement standards.
The above analysis is very encouraging with ph and sodium values in the ideal range.
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM MAIMVA, CMV MCIM, 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 a shareholder.
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 and production and the 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.
On Behalf of the Board of Directors, Marc Enright-Morin, President
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.