Business
A.I.S. Detects Potential Lithium-Rich Aquifers at Chiron Project, Prepares For Drilling
(via TheNewswire) Click Image To View Full Size Vancouver, British Columbia / T...
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Detects Potential Lithium-Rich Aquifers at Chiron Project, Prepares For Drilling(via TheNewswire)\n\n \n\n\n\nClick Image To View Full Size\n\n\n\n \n \nVancouver, British Columbia / TheNewswire / January 29, 2018 - A.I.S. Resources Limited (TSX-V - AIS, OTCQB: AISSF) (the \"Company\" or \"AIS\") is pleased to announce that seismic testing has detected three distinct aquifers over a broad area at its Chiron Project in the Pocitos Salar, Salta Province, Argentina. \n\n\n \nPreliminary highlights from the TEM (Transient Electromagnetic Survey) program are as follows:\n\n\n \n\n\n- Low resistivity sequences interpreted as aquifers have been detected in what correlates to sand-rich units at depths of 10 meters, 20 meters and 100 meters at each of AIS's four Chiron concessions.\n\n\n\n- Extremely low resistivity (0.4-1.0 ohm-m) at each of 19 data points covering the 27 sq. km project suggests the potential for lithium brines and at scale;\n\n\n\n- Chiron appears to be the preferred area in the salar for brine saturated sequences, based on seismic data, and will be drill tested shortly (in February) with an 8-hole, 3,200-meter drill program.\n\n\n\n \n \nFurther geophysics modelling data will be available in 7-10 days, immediately ahead of the commencement of drilling.\n\n\n \nPhil Thomas, Chief Operating Officer and exploration director of A.I.S., stated: \"This initial seismic data from Chiron based on the TEM geophysics strongly supports our case for acquiring these strategic concessions. Together with our Guayatayoc Project to the northwest in Jujuy province, where we've made excellent progress with our pilot plant production chemistry, A.I.S. is on track for a breakthrough year as an emerging new producer in the lithium brine space in Argentina.\"\n\n\n \nGuayatayoc Update\n\n\n \nCrews will be mobilized to Guayatayoc to commence a 14-hole, 4,000-meter program upon receipt of final drilling permits and completion of drilling at Chiron. \n\n\n \nThe program at Guayatayoc will test grade, porosity and permeability and include a 30-day pumping test of the aquifers. This will be followed by geohydrology, reservoir modelling and an initial resource report. Based on results the Company may proceed to a Mineral Resource Report followed then by a definitive Feasibility Study, to be delivered in 2018. \n\n\n \nWhen permits are gran...