A.i.s. Resources Begins Exploration at the Salar de Quirón, Salta, Argentina
Since 1967
TSX-V: AIS A.I.S. Resources Limited
Page 1 of 4
A.I.S. RESOURCES BEGINS EXPLORATION AT THE SALAR DE QUIRÓN, SALTA,
ARGENTINA
Vancouver, British Columbia – December 1, 2017 – A.I.S. Resources Limited (TSX-V – AIS,
OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has begun
exploration activities in the Salar de Quirón, (The “Chiron Project’) in the Province of Salta,
located approximately 10 kilometers from the township of Pocitos.
The Chiron Project is comprised of the following concessions
File No Concession Name Area Ha Environmental Study
Current
N° 19.457 Pocitos 1 800 Yes
N° 19.458 Pocitos 2 532 Yes
N° 19.463 Pocitos 7 800 Yes
N° 19.465 Pocitos 9 599 No
Pocitos 2,732 Ha
Environmental impact assessments have been completed on three of the four
concessions. The Pocitos 9 environmental impact assessment study is being completed
after which AIS will commence seismic and drilling immediately.
A VES geophysics study is being prepared by Quantec Geoscience Argentina S.A. to
cover the newly acquired concessions.
AIS has planned an intensive exploration program of sampling, mapping, geophysics and
drilling for the period December 2017 - March 2018 and plans to complete a NI 43-101
compliant study in the first quarter of 2018.
Previous Exploration in the Salar de Quirón
The 60-kilometre-long Pocitos salar basin has been previously drill tested with 12 shallow
holes in 1979 by an Argentine government agency. The most significant result from the
historical work programs includes a shallow drill hole, which averaged 417 parts per
million (ppm) lithium and 15,300 ppm potassium. However, AIS’s recent research suggests
that highly concentrated brines are at 100-350 meters depth.
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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AIS has completed research to understand the likely occurrence of lithium rich brines in
the Salar at depth. The research suggests that at least three adjacent salars in the region
of the Salar de Quirón have been exposed to significant tectonic and volcanic events
during the Proterozoic period “burying” previously existing salars at depths of 100-350
meters. AIS intends to determine the extent of this hypothesis.
In 2010, Li3 Energy Inc. announced the results of 46 brine samples taken immediately east
of the Chiron Project, with brine assays ranging from 300 ppm to 600 ppm lithium.
Millennial Lithium Corp. and Liberty One Lithium Corp’s August 2017 VES survey reported
encouraging results in the area of the Salar de Quirón near the Chiron project.
https://libertyonelithium.com/liberty-one-lithium-reports-positive-geophysical-survey-
results-exceed-expectations-in-argentina/
Portions of Pure Energy’s October 2017 VES seismic traverse the Chiron project.
http://www.pureenergyminerals.com/pure-energy-minerals-announces-positive-results-
from-geophysical-program-at-its-terra-cotta-lithium-project-in-argentina
Since 1967
TSX-V: AIS A.I.S. Resources Limited
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Marc Enright-Morin, AIS President and CEO, commented: “Very encouraging results from
nearby explorers classify the Chiron Project as having significant prospectivity. We look
forward to testing the hypothesis that highly concentrated brines exist at depth through
our upcoming program of geophysics and drilling. Our strategy is to fast track both our
Mina Guayatayoc and Chiron Projects.”
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 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 A.I.S. Resources Limited
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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.