Vancouver, British Columbia – April 24, 2017 – A.I.S. Resources Limited (TSX – NEX: AIS.H, OTCQB: AISSF) (the “Company” or “AIS”) is pleased to announce that it has commenced the first phase of its mass and thermal balance chemistry and phase chemistry testing, to produce lithium carbonate, potassium sulphate and boric oxide from its Mina Guayatayoc project.
The Company will pump and transport approximately 60,000 litres of brine from existing pits to the pilot plant at Salta, where test production will be performed by the AIS Resources technical team directed by Dr Carlos Sorentino.
Sample quantities of approximately 10-30 tonnes per month of lithium carbonate and potassium sulphate will be produced in the pilot plant over the next 90 days. The outcome of the test production work will determine the proportional amounts of materials required to produce high quality lithium carbonate and potassium sulphate in a commercial plant.
The raw materials required for the testing and first batch of production have been delivered and the necessary reagent licences and permits are in place.
Marc Enright-Morin stated, “The commencement of pilot plant test production is a significant milestone for AIS. We look forward to delivering high quality lithium carbonate samples to potential buyers.”
Phillip Thomas, BSc Geol, MBusM, MAIG, MCIM 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 Director.
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.
On Behalf of the Board of Directors,
AIS Resources Ltd.
Marc Enright-Morin, President and CEO
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.