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A.I.S. Resources Ltd.
Summary
| Project: | Laguna Vilama | |
|---|---|---|
| Deposit: | Laguna Vilama | |
| Location: | Argentina | |
| Commodities: | Lithium | |
| Date: | 6/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-6-2017: A.I.S. Resources Ltd. announces a Supporting Acquisition report for its Laguna Vilama deposit at the Laguna Vilama project. Summary of property in support of acquisition. The Guayatayoc Laguna and Vilama Laguna Salares are located in the Puna Re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Carlos Sorentino, Phillip Thomas (Independent;Internal) | |
| ABSTRACT: | The Guayatayoc Laguna and Vilama Laguna Salares are located in the Puna Region, a geographical unit of the southern Andes defined as terrain of more than 2600m of altitude above sea level (m asl), some of which occurs in the north-western part of Argentina. Mina Guayatayoc is located in Guayatayoc Laguna, and Mina Gianinna is located in Vilama Laguna. Both projects are declared mines and are early stage projects being undertaken by A.I.S. Resources Limited (AIS). AIS has an option over 5,225 hectares of concessions in the southern part of the Guayatayoc Laguna, and an option over 7,500 hectares that covers almost all of the Vilama Laguna (Mina Gianinna). These options expire on 4 May 2017 and can be exercised for a single payment of USD4.5 million. An extension agreement for month by month has been negotiated to 4 August 2017. This Technical Report details the reconnaissance studies undertaken to date, the initial pit sampling results undertaken by me and Mr. Thomas, and provides recommendations for further investigations aimed initially at establishing an Inferred Mineral Resource and later, if the results warrant, a study incorporating pump tests and mass and thermal balance geochemistry. The Guayatayoc Laguna has been explored in the past by several companies and is at the time of writing extensively staked by a number of listed and unlisted companies. Dr. Romina L Steinmetz completed a three year study on Guayatayoc from 2010- 2013 for which she was awarded her doctorate, and the company has a copy of her thesis. | |
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