{kanada_flagge}A.I.S. Resources Limited (TSX: AIS, FRA: 5YHA) has completed soil geochemical sampling at its Fosterville-Toolleen gold project in Victoria, Australia using a technology called Ultratrace. This looks for traces of pathfinder elements such as gold, arsenic, copper, lead and eight other elements that should provide information about underlying mineralization. These results are now available (see Figures 1 and 2) and reconfirm the potential of the drill targets, according to geologists.
Phil Thomas, CEO of AIS Resources, commented, “The spatially concentrated multi-element results suggest a source possibly related to primary gold occurrences in Ordovician age rocks where the minerals form. Also considered is the possibility that they may be paleochannel gold deposits.”
Fig. 1 The red and yellow dots show the gold trend along the faults, which are shown as black dashed lines.
Fig. 2 The red and yellow dots show the trend of copper soil along the faults shown as black dashed lines.
Summary: Exploration at Fosterville-Toolleen just 12 kilometers from the world-class Fosterville mine is something for the advanced. On the surface, the deposit is blind, i.e. only very fine indications exist, mainly in the form of so-called pathfinder minerals. Chief geologist Denis Walch knows the procedure from the time when he worked for neighbor Kirkland Lake on its Fosterville project. In principle, AIS Resources is now following the same procedure to minimize the risk of upcoming drill holes as much as possible and maximize opportunities. In the end, however, the market wants to see drill results and, of course, preferably a Fosterville 2.0. We are keeping our fingers crossed.
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they do not in any way replace individual expert investment advice and do not constitute an offer to sell the stock(s) discussed or a solicitation to buy or sell securities. This is expressly not a financial analysis, but an advertising / journalistic text. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. There is no contractual relationship between the GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities involves high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
According to §34b WpHG and § 48f Abs. 5 BörseG (Austria) we would like to point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares of both Spey Resources and A.I.S. Resources and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the companies at any time. Furthermore, GOLDINVEST Consulting GmbH is remunerated by A.I.S. Resources for reporting on the company. This is another clear conflict of interest.
