AIS Resources Reports Successful Meeting at Rincondillas Guayatayoc III, North Argentina
VANCOUVER, November 28, 2018 - AIS Resources Limited ("AIS")( (TSX-V - AIS, OTCQB: AISSF) has had a successful meeting with the Management Committee and community of Rincondillas, that occupies most of Guayatayoc III cateo. This was a major breakthough, as we have been working with the community over the past 18 months to arrange this meeting. Phillip Thomas, CEO, David Carabanti, geologist, Federico Gonzales, AIS community liaison and a notary presented to 43 members of the community. The Management Committee said they were pleased with the presentation and would work with the rest of the community over the next week to resolve any outstanding issues. The chairman said AIS received a vote of confidence from the Management Committee as a result of our presentation.
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Fig 1 shows the geophysics overlay with the dark purple areas having a resistivity below 0.025 ohms per metre, and the hole locations with hole 01 and 02 currently having the road built on Guayatayoc Mina and Guay 1-6 being the holes on Guayatayoc III cateo.
The Assembly Notes of the meeting were certified by AIS's notary and submitted on November 26, 2018 to the Secretary of the Mines Department in Jujuy. AIS has also submitted a request to have the UGAMP meeting held as soon as practical. A follow up to these submissions will be a tour of the drill hole locations with the Management Committee of Rincondillas so they can view the location of the road and the two proposed drill holes, Guay 2 and Guay 4. We have asked the Management Committee to permit us to start road construction (which will take 14-21 days) prior to the granting of the drill permit. We envisage a 20 day drilling campaign (10 days per hole) after the drilling permit is issued.
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Fig 2 shows the Guayatayoc III cateo from Rincondillas village with Guay 6 drill hole 5.7km away
Phil Thomas, President of AIS Resources stated "This was a fantastic meeting as the Rincondillas Management Committee arranged for us to meet with the whole community and there was nearly 100% attendance. Great questions were asked, misconceptions were resolved, and we received a round of applause at the end! All documents required have been filed. It has been a long 18 months to get to this point but I feel we are now on the fast track. The Rincondillas community recognized our concern for the landscape and the environment and the prosperity that has come to the Quebralenas community with our roadbuilding at Guayatayoc Mina."
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 Ltd
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 early-stage projects worldwide that have strong potential for growth with the objective of providing significant returns for shareholders. The Company's current activities are focused exclusively on the exploration and development of lithium brine projects in northern Argentina.
On Behalf of the Board of Directors,
Phillip Thomas
President and CEO
Contact
Contact
Phillip Thomas - President and CEO
T: 747-200 9412
E: pthomas@aisresources.com
Martyn Element
Chairman
T: 604 687-6820
E: melement@aisresources.com
Website: www.aisresources.com
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.
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