Business
A.I.S. Resources Expands Lithium Brine Footprint In Argentina
(via TheNewswire) Vancouver, British Columbia / TheNewswire / November 21, 2017 - A.I.S. R...
About this update from Ais Resources Ltd
[{"type":"text","content":"A.I.S. Resources Expands Lithium Brine Footprint In Argentina(via TheNewswire)\n\n \nVancouver, British Columbia / TheNewswire / 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.\n\n\n \nMarc 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.\n\n\n \n\"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.\"\n\n\n \nThe 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.\n\n\n \nOn Behalf of the Board of Directors,\n\n\n \nA.I.S. Resources Ltd. \n\n\n \nMarc Enright-Morin \n\n\n \nPresident and CEO\n\n\n \nAbout A.I.S. Resources\n\n\n \nA.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 Argenti...