A.i.s. Resources Announces Argentine Property Option Agreement and Completion of First Payment
Since 1967
TSX-V: AIS.H A.I.S. Resources Limited
A.I.S. RESOURCES ANNOUNCES ARGENTINE PROPERTY OPTION AGREEMENT
AND COMPLETION OF FIRST PAYMENT
Vancouver, British Columbia – October 16, 2017 – A.I.S. Resources Limited (TSX – NEX:
AIS.H, OTCQB:AISSF) (the “Company” or “AIS”) is pleased to announce the Company has
negotiated an Option Agreement to purchase the Guayatayoc, Guayatayoc III and Laguna Vilama
projects in Argentina.
Under the terms of the option agreement AIS paid $720,000 US on October 12, 2017 for a six
month option to evaluate the properties and complete a drilling and geohydrological program. The
agreement allows for a further six month option upon payment of $280,000 US. At any time during
the option term AIS can acquire a 100% interest in the properties by making a single payment of
$4,500,000 US.
The properties are subject to a 4.5% royalty on revenue from sales of lithium carbonate, payable
to the Argentine provincial and federal governments. Currently, Argentina is the world’s third-
largest lithium-producing country, accounting for 16 percent of production at 29,000 tonnes.
Guayatayoc and Guayatayoc III are located in Jujuy Province along highway 11, 5 kilometres
from the town of Abralaite in the Puna plateau. The property covers approximately 5,250 hectares
of the Guayatayoc Salar which hosts favourable geology for lithium, boron and potasium, located
adjacent to the El Aguilar mountain range, the source of lithium and boron. Previous exploration
on the property by AIS has returned values between 200 ppm and 900 ppm of lithium. The
magnesium to lithium ratios are less than 2 to 1, which is excellent for low cost processing. Ulexite
is outcropping at surface and in layers only 30 centimetres below the surface. Infrastructure in the
area includes 220v power and a gas pipeline 5km from the concessions.
A PhD study published in 2013 by Dr. Steinmetz models the geology of aquifers and provides a
detailed analysis of the structural geology and lithology of the basin. Steinmetz analysed previous
2D Seismic surveys dating back to 1995 over the entirety of the basin. The area has been mined
for borates and has a borate mining licence. Surface sampling of nine pits conducted earlier in the
year returned nine lithium values of greater than 120ppm (0.012%), five pits had Potassium values
greater than 4000 ppm (0.4%) and 11 pits had Boron values of greater than 400 ppm. Drilling and
seismic permits are in the final stages of approval.
Laguna Vilama is located in Jujuy Province, in north western Argentina along the Bolivian and
Chilean borders. The property is comprised of 2,500 contiguous hectares covering the middle of
the salar. Early mapping and sampling has identified a favourable environment for the presence of
brines.
The Jujuy province of Argentina is a well-known, favourable mining jurisdiction. Orocobre’s new
Since 1967
TSX-V: AIS.H A.I.S. Resources Limited
development at the Olaroz salar, hosts a JORC/NI43-101 compliant, measured and indicated
resource of 6.4 Mt LCE (Orocobre website, Oct 2, 2016). Lithium Americas is developing the
Cauchari salar, jointly with SQM a JORC/NI43-101 compliant, measured and indicated resource
of 8.7 Mt LCE. (Lithium Americas website. Oct 2, 2016). Both are less than 100km from the
properties.
In June 2017 the TSX Venture exchange accepted the 43-101 report on the properties which is
available on SEDAR and AIS’s website.
Qualified Person
Phillip Thomas, BSc Geol, MBusM, MAIG, MAIMVA, (CMV), a Qualified Person as defined
under NI 43-101 regulations, has reviewed the technical information that forms the basis for
portions of this news release, and has approved the disclosure herein. Mr. Thomas is not
independent of the Company as he is an officer and a shareholder.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
About A.I.S. Resources
A.I.S Resources Limited a TSX-V listed investment issuer, was established in 1967 and is
managed by experienced, highly qualified professionals who have a long track record of success
in lithium exploration, production and capital markets. Through their extensive business and
scientific network, they identify and develop early stage projects worldwide that have strong
potential for growth with the objective of providing significant returns for shareholders. The
Company’s most recent activities have been the exploration of lithium properties in Northern
Argentina.
Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
W: www.aisresources.com
Since 1967
TSX-V: AIS.H A.I.S. Resources Limited
ADVISORY: This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the anticipated use of the proceeds of the Private
Placement. Although the Corporation believes that the expectations reflected in these forward-
looking statements are reasonable, undue reliance should not be placed on them because the
Corporation 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 intended use of the proceeds of the Private Placement by the Corporation
might change if the board of directors of the Corporation determines that it would be in the best
interests of the Corporation to deploy the proceeds for some other purpose. The forward-looking
statements contained in this press release are made as of the date hereof and the Corporation
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 Regulation Services Provider
(as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.