A.I.S. Resources Overview
A.I.S Resources Limited is a TSX-V and OTC-QB listed investment issuer managed by an experienced, highly qualified team of professionals with a long track record of success in resource exploration and mining, and the capital markets. Through our extensive geological and mining business networks, we have identified and are developing four highly prospective lithium projects in Argentina, and four gold projects located in prolific Australian gold mining regions.
Lithium Projects in Argentina’s Lithium Triangle
With our partners, AIS Resources in developing four highly prospective lithium projects:
Candela II Project, Incahuasi Salar – the 300 hectares Incahuasi Salar is located in the Lithium Triangle of Northern Argentina. Optioned to Spey Resources, AIS currently retains a 20% equity interest with a US$6 Million buyout for the balance plus a substantial project performance reward.
Pocitos 1 & 2 Projects, Pocitos Salar – located in the Pocitos Salar, the two projects of 800 hectares and 532 hectares are also in the Lithium Triangle of Northern Argentina. Optioned to Spey & Recharge Resources, AIS retains a 7.5% royalty on lithium carbonate sales for both properties.
Pocitos 7 & 8 Projects, Pocitos Salar – AIS retains a 20% interest in the 1,400 hectares project located in the Lithium Triangle of Northern Argentina. To evaluate the lithium potential, currently the project is optioned to C29 Metals (listed ASX: C29). Total option fee is US$430,000 for a 9-month exploration licence, plus a total of US$2.38 million for 80%.
Yareta III Project, Cauchari Salar – the 500 hectare Yareta III Project is located at the southern end of the Cauchari Salar in the Lithium Triangle. AIS is seeking to option the property and currently reviewing expressions of interest.
Gold Projects in Highly Prolific Australian Gold Belts
The Fosterville-Toolleen Gold Project – this 26 sq km project had a reported production of 7,000 tonnes @ 10 g/t Au from the top 60 metres and an 88 gm nugget was found on surface. The drill-ready property is the closest one (12 km) to the world renown Fosterville Mine – the lowest-cost gold producer with present reserves of 9 Moz Gold*.
The Yalgogrin Gold Project – two drill-ready 56 sq km and 2.8 sq km projects are advanced gold properties located in the historic West Wyalong gold corridor of central New South Wales, Australia. Historical mines produced 445,700 oz gold mined between 1894-1921.
The Bright Gold Project – is strategically adjacent to E79 Happy Valley. Historically the 57 sq km property yielded 341,000 oz gold averaging 22 g/t Au with 771,700 oz coming from the immediate neighbouring area.
The Kingston Gold Project – this 167 sq km project is located 35 km northwest from Stawell, Victoria. The drill-ready property is flanked by Navarre Minerals (ASX: NML) and was previously explored by BHP and WMC. Recent drill results recorded were 3.6m at 16.89 g/t Au, including 2.5m at 24.27 g/t Au.
A.I.S Resources’ short- and long-term growth strategy is to implement an aggressive exploration program, establishing and increasing the company’s gold reserves with the ultimate objective of becoming a gold producer.
Learn more about our four drill-ready gold projects here:
- The Fosterville-Toolleen Gold Project
- The Yalgogrin Gold Project
- The Bright Gold Project
- The Kingston Gold Project