A.I.S. Confirms the C29 Decision on the Pocitos 7 & 9 Salars in Argentina
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A.I.S. Resources Limited
1120 – 789 West Pender Street
Vancouver BC V6C 1H2 Canada
www.aisresources.com
A.I.S. Confirms the C29 Decision on the Pocitos 7
& 9 Salars in Argentina
July 19th, 2023
Vancouver, British Columbia – A.I.S. Resources Limited (TSX-V: AIS, OTC: AISSF, FRA:
5YHA) (the “Company” or “AIS”) wishes to confirm the recent decision of C29 Metals
Limited (C29) not to proceed with their option to acquire an 80% interest in the Pocitos 7
& 9 lithium concessions in Salta, Argentina. The due diligence completed by C29, confirmed
concerns around minimal lithium grade and porosity of the aquifer zone encountered
during the C29 drill program. Considering these findings, AIS has declined the opportunity
to exercise this option on its own behalf.
Andrew Neale, President & CEO of AIS commented, “This decision, while disappointing, was
not unexpected, and simply confirms that not all salars (literally, a salt encrusted
depression) contain lithium, and of those that do, not at levels sufficient to support
commercial development. We have benefitted from the professional relationship with C29,
respect their decision, and wish them the best as they focus their efforts on their high
potential copper and gold properties in Australia.”
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded investment issuer listed on the TSX Venture
Exchange focused on natural resource opportunities. AIS’s value add strategy is to acquire
early-stage projects and provide technical and financial support to enhance their value. The
Company is managed by a team of experienced engineers, geologists, and investment
bankers, with a track-record of successful capital market achievements.
On Behalf of the Board of Directors, A.I.S. Resources Limited.
Andrew Neale
President & CEO
Email: [email protected]
Website: www.aisresources.com
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A.I.S. Resources Limited
ADVISORY: This press release contains forward-looking statements. Although the Company
believes that the expectations reflected in these forward-looking statements are reasonable,
undue reliance should not be placed on them because the Company can give no assurance that
they will prove to be correct. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and uncertainties. The forward-
looking statements contained in this press release are made as of the date hereof and the
Company undertakes no obligations to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events or otherwise,
unless so required by applicable securities laws. Neither TSX Venture Exchange nor its
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