A.I.S. Resources starts drilling Fosterville-Toolleen

Nov 4, 2021

2021-11-04 06:55 ET – News Release


Mr. Phil Thomas reports


A.I.S. Resources Ltd.’s drilling program is now under way at the Fosterville-Toolleen project. The driller has been contracted to commence in November and most land access permits have been signed. Air core/RC (reverse circulation) drilling will start on the western side of the exploration licence EL006001. AIS will initially target 20 drill holes, with an overall 42-hole program planned. The drill hole depth will be an average of 65 metres.

The main gravity edge running north-south has an associated arsenic-in-soil response that broadens out significantly over a deeper strong gravity anomaly in the northern part of the survey.

Phil Thomas, chief executive officer, commented: “We are very excited to start this second drill program with the new data we have compiled. Our data includes the drill hole, gravity and soils information, as well as advanced models of the structural geology, soil-based gold pathfinders and relationship between the Permian lithology delineated. The Permian rocks where gold nuggets were previously found overlays the Ordivician sediments where historically gold has been found in the local area at Kirkland Lakes’s Fostervile gold mine whose high-grade Swan zone is located only 12 kilometres from our project’s western boundary.”

Technical information in this news release has been reviewed and approved by Phillip Thomas, BSc, Geol FAusIMM, MAIG, MAIMVA (CMV), who is a qualified person under the definitions established by the National Instrument 43-101.

About A.I.S. Resources Ltd.

A.I.S. Resources is a publicly traded investment issuer focused on precious and base metals exploration. A.I.S.’s value-add strategy is to acquire prospective exploration projects and enhance their value by better defining the mineral resource with a view to attracting joint venture partners and enhancing the value of the company’s portfolio. The company is managed by a team of experienced geologists and investment bankers, with a record of successful capital markets achievements.

We seek Safe Harbor.


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