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InvestmentPitch Media Video describes the acquisition of AIS Resources with Spey Resources Corp, a JV partner for the Inca Eagles Candela II project in Argentina’s prestigious Lithium Triangle. CanadianBusinessJournal

Vancouver, British Columbia (GLOBE NEWSWIRE) — AIS Resources Limited (TSXV: AIS) (OTCQB: AISSF) (FSE: 5YHA) acquired Candela II with its joint venture partner SpeyResources Corp. on April 4, 2022. A project in the famous Inca Eagles of Argentina’s Lithium Triangle. AIS paid US $ 1 million to acquire a 100% stake in the project, while retaining a 20% stake while selecting 80% of the project for SpeyResources for US $ 1 million. Spey has the option to earn 20% interest on AIS by paying US $ 6 million by March 18, 2023.

For more information, watch the Investment Pitch Media video that provides this news and additional information about the company. The video is “InvestmentPitch“When”YouTube“. If these links are not enabled, please visit the following URL: www.InvestmentPitch.com Type AIS Resources in the search box.

To date, the Candela II project has drilled five rotary drill holes that have been drilled to a depth of 209 meters. These results, along with the 25 surface samples collected and 3 bulk samples, form part of the NI 43-101 report currently being produced by Montgomery & Associates.

Ekosolve ™ reported that sample 002 containing 160 ppm lithium reported an extraction rate of over 90% of lithium in brine following multiple washes programs. This has been recorded so far and is an Ekosolve ™ direct lithium extraction process. A well program is carried out to measure the flow of salt water and determine the porosity and permeability of the aquifer. At the same time, a larger pilot plant is currently being designed to complete the process certification of the Ekosolve ™ solvent exchange DLE lithium process.

In June 2021, AIS selected Socials 1 and 2 exploration licenses for Socials Salar to Spey Resources with an option fee of US $ 100,000 per license and 2,500,000 Spey shares. To exercise the option to acquire a 100% stake in real estate, Spey must pay US $ 1,732,000 and complete a US $ 500,000 exploration program by June 23, 2022. AIS holds a royalty of 7.5% on the sales revenue of lithium carbonate. Or other lithium compounds from Pocitos 1 and 2 properties (after export tax deduction).

AIS also has options for Positos 7 and 9 at the southern end of Positos Susaar and Yareta III at the southern end of Kauchari Susaar. In Posheets 7 and 9, geophysical TEM surveys and deep trench sampling were completed in 2018, returning the next one-millionth value.
AIS is actively looking for joint venture partners to develop these lithium projects.

The company has a portfolio of gold projects in Australia. The company owns 100% of the 28 sq km Fosterville-Tour Lean Gold project, located 9.9 km from the Fosterville gold mine on Lake Kirkland, and holds a 60% stake in the 57 sq km Bright Gold project, 100. We have the right to acquire% and 60% interests. 58 sq km New South Wales Jargolin Gold Project. You are entitled to 100% and have a 100% stake in the 167 sq km Kingston Gold Project, which consists of two properties in Victoria, Australia near Stawell and Navarra.

The stock is trading at $ 0.04. For more information, please visit the company’s website. www.AISresources.comContact CEO Phillip Thomas at + 1 323 5155 164 or email PThomas@AISresources.com Or Martyn Element, Chairman, 604-220-6266 MElement@AISresources.com..

Disclaimer

The information in this Investment Pitch Media Ltd video is for viewers only. AIS Resources paid no more than $ 2,000 in cash to create the current news release in video format. Corporate information is based on publicly available information. The information provided by InvestmentPitch Media Ltd. through its media services should not be construed as a recommendation or suggestion or proposal to buy or sell securities, but only as an information media service. InvestmentPitch Media Ltd makes no warranties or promises regarding the accuracy or completeness of this information. All due diligence must be done by the viewer or his financial adviser. Investing in securities is speculative and risky.

About Investment Pitch Media

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InvestmentPitch Media Video describes the acquisition of AIS Resources with Spey Resources Corp, a JV partner for the Inca Eagles Candela II project in Argentina’s prestigious Lithium Triangle. CanadianBusinessJournal

Source link InvestmentPitch Media Video describes the acquisition of AIS Resources with Spey Resources Corp, a JV partner for the Inca Eagles Candela II project in Argentina’s prestigious Lithium Triangle. CanadianBusinessJournal

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