Business
AIS Announces Successful UGAMP Meeting
(via TheNewswire) Vancouver, British Columbia / TheNewswire / July 13, 2018 - A.I.S. Resou...
About this update from Ais Resources Ltd
[{"type":"text","content":"AIS Announces Successful UGAMP Meeting(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / July 13, 2018 - A.I.S. Resources Limited (TSX-V: AIS, OTCQB: AISSF) (the \"Company\" or \"AIS\") is pleased to advise shareholders that the UGAMP meeting of the Provincial Mining Environmental Management Unit was convened on July 5, 2018 to review the Company's exploration plans for the Guayatayoc project. \n\n\n \nThe meeting went very well with no objections to AIS's exploration activities being raised. A 30-day consultation period is now in effect, during which time further information may be requested by the three communities affected. One of the communities Quebralena, has already signed an assembly document regarding AIS's planned exploration work program. \n\n\n \nMarc Morin CEO stated. \"The Secretary for the Department of Mines along with his officers were very supportive of our project. He asked AIS to follow up with his department in the next 10 days to get an update on the status of the issue of the drilling permit.\" \n\n \n \nAIS has a drilling company on standby in anticipation of receipt of its drilling permit. The Company intends to complete its seismic analysis, drill six holes to a depth of 350 meters each to test targets at its Guayatayoc concessions. Initially roads will be constructed, then drill pads and four 10,000 litre water tanks.\n\n\n \nAbout Guayatayoc Property\n\n\n \nAIS has an option over 5,225 ha in the Guayatayoc Salar which hosts favourable geology for lithium and was previously mined for boron, which is closely associated with lithium deposition. The salar is adjacent to the Salinas Grades salar and is situated 46km from the main sealed highway. The Company's January 2017 sampling program sampled two trenches where values of 920 ppm and 270 ppm of Li with Mg to Li Ratios of 1:1 (Refer to February 1, 2017 News Release) were discovered. Thirty five pits were also sampled with encouraging results (refer to February 22, 2017 News Release). Magnesium to lithium ratios were less than 4 to 1, which is excellent for low cost processing. The Company has produced 22 kilograms of samples to date. The AIS team met with Dr. R L Steinmetz PhD and representatives from the National Scientific and Technical Research Council (CONICET) who was able to provide valuable seismic, stratigraphy and other geologi...