A.I.S. Confirms the C29 Decision on the Pocitos 7 & 9 Salars in Argentina
Resources Limited ( TSX-V: AIS, OTC: AISSF, FRA: 5YHA ) (the “Company” or “AIS”) wishes to confirm the recent decision of C29 Metals Limited (C29) not to proceed with their option to acquire an 80% interest in the Pocitos 7 & 9 lithium concessions in Salta, Argentina.
- Resources Limited ( TSX-V: AIS, OTC: AISSF, FRA: 5YHA ) (the “Company” or “AIS”) wishes to confirm the recent decision of C29 Metals Limited (C29) not to proceed with their option to acquire an 80% interest in the Pocitos 7 & 9 lithium concessions in Salta, Argentina.
- The due diligence completed by C29, confirmed concerns around minimal lithium grade and porosity of the aquifer zone encountered during the C29 drill program.
- Considering these findings, AIS has declined the opportunity to exercise this option on its own behalf.
- We have benefitted from the professional relationship with C29, respect their decision, and wish them the best as they focus their efforts on their high potential copper and gold properties in Australia.”