A.I.S. Resources Limited (TSXV:AIS) News and Share PriceMining
A.I.S. Resources Ltd, listed on TSX Venture Exchange under ticker ‘AIS’, focuses on precious and base metal exploration, including lithium and manganese.
A.I.S. Resources has operations in Latin America, Canada and Australia.
The management team comprises experienced geological and mining professionals, the company claims.
The mining company focuses on developing advanced drill-ready gold projects in Australia’s Lachlan Fold Belt or the ‘Golden Triangle’.
The three projects are:
Fosterville-Toolleen Gold Project - The drill-ready project includes an open-pit mine, surface gold and evidence of quartz supported by substantial geological work. The reported production is estimated at 7,000 tonnes @ 10 g/t Au. It is located close to the Kirkland Lake Gold’s mine in the Lachlan Fold belt.
Yalgogrin Gold Project - Includes two drill-ready advanced gold projects located in West Wyalong gold corridor, New South Wales. The project includes 31 drill holes, shallow gold intercepts, seven historical mines and auger mining. Other major gold prospects in the area includes the Lake Cowal Gold Mine, the North Parkes copper & gold mine and Cadia Newcrest.
Kingston Gold Project - The drill-ready project covers two areas under one exploration license (EL) number: Ararat EL and the North Kingston EL. Stavely Minerals and Navarre Minerals surround the Ararat EL area. However, North Kingston EL is flanked by Providence Gold and Navarre Minerals.
The diversified resources firm is also engaged in lithium and manganese exploration and is presently focused on trading manganese ores from Brazil, Peru and Zambia.
In March 2021, A.I.S. Resources acquired 20 per cent interest in a mining license, Candela II, covering 3 square kilometres in Argentina’s Incahuasi Salar lithium triangle. Tech One Lithium Resources Corporation appointed A.I.S. Resources as its operator and exploration partner in the lithium project for 12 months duration. In addition, if the lithium resource estimate is at least 45,000 tonnes of metal equivalent, Tech One can acquire 20 per cent stake held by A.I.S. by paying US$6,000,000.
It is listed on the OTC-QB and trades under the ticker ‘AISSF’.
Suite 3500 1055 Dunsmuir Street PO Box 49114 Vancouver BC V7X 1H7 Canada