A.i.s. Resources Expands Lithium Brine Footprint IN Argentina
A.I.S. RESOURCES EXPANDS LITHIUM BRINE FOOTPRINT IN ARGENTINA
Vancouver, British Columbia – November 21, 2017 – A.I.S. Resources Limited (TSX.V: AIS),
OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that the Company has entered
into an option agreement to acquire four prospective properties in the Quinos Salar in Salta
province (“the Chiron Project”), south of the Company’s flagship Guayatayoc Project in Jujuy
province.
Marc Enright-Morin, AIS President and CEO, commented: “We’re delighted that after
considerable due diligence by our team of lithium brine experts led by Chief Operating Officer
Phil Thomas and Dr. Carlos Sorentino, we’ve been able to advance our strategic plan to
complement Guayatayoc with a pipeline of high quality properties in such a favorable and active
region of Salta province where encouraging results are being reported.
“Ultimately, as we focus on economies of scale, our goal is to have one central processing facility
handle concentrated brine from Guayatayoc and one or more other nearby properties. We have
access to a lab and a pilot plant in Salta which gives AIS. a competitive advantage and helps makes
this property acquisition so compelling.”
The Chiron Project expands the Company’s footprint in Argentina by 35% to more than 100 sq.
kilometers (10,500 hectares). The option to purchase can be exercised for $US 1.4 million by May
15, 2018 (of which $US 200,000 has been paid). This averages $US 514 per hectare and compares
favorably with other properties with similar prospectivity in the region.
On Behalf of the Board of Directors,
A.I.S. Resources Ltd.
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 networks, 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 is currently focused on the exploration and development of lithium properties in
Northern Argentina.
Contact
A.I.S. Resources Limited
Marc Enright-Morin
President and CEO
T: 778-892-5455
Email: [email protected]
Website: www.aisresources.com
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.