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A.I.S. Resources Announces Option Payment, Start of Exploration Campaign, adds Lithium to its Mining Licences and appoints new Director
(via Thenewswire.ca) Vancouver, B.C. / TheNewswire / Oct 31 , 2016 - A.I.S. Resour...
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Resources Announces Option Payment, Start of Exploration Campaign, adds Lithium to its Mining Licences and appoints new Director(via Thenewswire.ca)\n\n \nVancouver, B.C. / TheNewswire / Oct 31, 2016 -A.I.S. Resources Ltd. (\"AIS\" or the \"Company\") (TSX.V: AIS.H), is pleased to announce AIS has made the $150,000 option payment to the vendor in Argentina and appointed Philip Thomas to its board of directors. The Company has also added lithium minerals to its mining licences and commenced Phase 1 exploration on Guayatayoc. \n\n\n \nThe CEO of the company, Marc Enright-Morin said, \"We are pleased to kick off our exploration campaign in such a short period of time post acquisition. The addition of Mr. Thomas to the board will strengthen our position moving forward. Having lithium mining licences under our belt will help fast track the project. These will be exciting months for the Company and its shareholders.\" \n\n\n \nThe Jujuy mining court has accepted the addition of lithium and potassium minerals to the Company's existing mining licences. This is a major milestone for the Company, enabling AIS to progress rapidly through all exploration stages.\n\n\n \nThe initial stages of exploration will consist of systematic sampling using pits, 4 to 5 metres deep, excavated on a 500 to 1000 meter grid, with subsequent selective infill pits at 100 to 250 metres spacing. \n\n\n \n Deliverables from the above exploration will include:\n\n\n \n-Report and analysis of multiple brine samples.\n\n\n \n-Complete lithium and chemistry isoconcentration maps.\n\n\n \n-Drill locations. \n\n\n \nPositive studies from the above will give us the necessary information required for a drill campaign with the goal of outlining a 43-101 Inferred and Indicated Resource of lithium.\n\n\n \nMr. Phillip Thomas, BSc (geology), MBusM, MAIG, MAIMVA, MCIM, CMV specializes in finance and capital raising; management of mining companies; planning and development. He was actively engaged in developing two major lithium projects in Argentina and has been active in three lithium projects in the last four years. Mr. Thomas has specialized in the exploration, development, financing and sales of lithium deposits within the public company structure. He has extensive knowledge of the lithium carbonate markets in Japan, Korea, China and Taiwan. From 2003 to 2008, he ...