InvestmentPitch Media Video Discusses Argentina Lithium and Energy’s Positive Lithium Brine Values at its Rincon West Project in Salta Province, Argentina

Rhea-AI Summary

Argentina Lithium and Energy Corp. (OTCQB:PNXLF) announced positive results from its Rincon West Project in Salta Province, Argentina, highlighting a significant 153-meter interval with lithium brine values ranging from 329 to 393 mg/L from its sixth drill hole. The company controls over 64,000 hectares across four salars within the Lithium Triangle, which is responsible for about 50% of global lithium production. Rincon West is currently permitted for up to nine exploration drill holes, with notable core and brine sampling from recent drilling operations. Shares are currently trading at $0.38.

Positive

• Positive lithium brine values reported: 329 to 393 mg/L over 153 meters.
• Rincon West Project has significant exploration potential with over 64,000 hectares.
• Project located in a key lithium-producing region, the Lithium Triangle.

Negative

• None.

VANCOUVER, British Columbia, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Argentina Lithium and Energy Corp. (TSXV:LIT) (FSE:OAY3) (OTCQB:PNXLF) reported positive lithium brine values at its Rincon West Project in Salta Province, Argentina, including a 153 metre interval ranging from 329 to 393 milligrams per litre lithium from its sixth diamond drill hole. The company holds more than 64,000 hectares of claims on four salars in the pro-mining provinces of Salta and Catamarca, Argentina, within the Lithium Triangle, which produces approximately 1/2 of the world’s lithium.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

For more information, please view the InvestmentPitch Media video which provides additional news about the company along with comments from Miles Rideout, VP Exploration. The video is available for viewing on “InvestmentPitch” or on “YouTube”. If the link is not available, please visit www.InvestmentPitch.com and enter “Argentina Lithium” in the search box.

The Rincon West Project, located west and north of Rio Tinto's adjacent Rincon Project, covers 3742.8 hectares of the salar basin. Rincon West is currently permitted for up to 9 exploration drill holes.

The current results are from Hole 005 and Hole 006, with Hole 007 in the final steps to completion and two additional holes planned. Both Holes 005 and 006 were executed with HQ-diameter diamond drilling, permitting the extraction of core samples of the salar basin formations, and recovery of brine samples where possible.

Argentina Lithium & Energy is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

The shares are trading at $0.38. For more information, please visit the company’s website, www.ArgentinaLithium.com, contact Corporate Communications at 604-687-1828 or by email at info@ArgentinaLithium.com.

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Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Argentina Lithium has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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FAQ

What lithium brine values were reported by Argentina Lithium and Energy at Rincon West Project?

Argentina Lithium reported lithium brine values ranging from 329 to 393 mg/L over a 153-meter interval.

How many hectares does Argentina Lithium control in the Lithium Triangle?

Argentina Lithium controls over 64,000 hectares across four salars in the Lithium Triangle.

What is the current trading price of Argentina Lithium shares (PNXLF)?

Shares of Argentina Lithium are currently trading at $0.38.

How many exploration drill holes are permitted for the Rincon West Project?

The Rincon West Project is permitted for up to nine exploration drill holes.