Argentina Lithium & Energy Corp. - PNXLF STOCK NEWS

Argentina Lithium & Energy Corp. announced promising results from its second diamond drill hole, RW-DDH-002, at the Rincon West Project in Argentina. Drilling revealed consistent lithium brine values between 337 to 367 mg/litre over significant intervals, indicating a concentrated brine aquifer. The project encompasses 2,951.5 hectares and is permitted for up to 9 exploration holes. The findings support the notion that the lithium-rich salar extends beneath the company's properties. Drilling efforts aim to delineate an initial lithium mineral resource.

Argentina Lithium & Energy Corp. (OTC: PNXLF) has appointed PI Financial Corp. to provide market making services on the TSX Venture Exchange. The agreement involves a monthly fee of $4,000 for a minimum term of three months, with the option for renewal. PI will ensure an orderly market but will not accept shares or options as compensation. Argentina Lithium is focusing on acquiring lithium projects in Argentina to meet global battery sector demand, supported by a management team with extensive industry experience.

Argentina Lithium & Energy Corp. has successfully acquired 100% interest in the Rinconcita II mining concession in Salta Province, Argentina. The acquisition covers 460.5 ha adjacent to its existing Rincon West property. Funding for the purchase will be supported by a non-brokered private placement of up to $2.5 million. The company aims to enhance its lithium resources in the Lithium Triangle, backed by prior positive drilling results. The property is accessible via local infrastructure, though historical exploration has been minimal.

Argentina Lithium & Energy Corp. (OTC: PNXLF) has successfully completed its first exploration drill hole at the Rincon West Project in Salta Province, Argentina. The analysis revealed lithium grades ranging from 225 to 380 mg/litre over a permeable interval of 70 metres. This project spans 2,470 hectares adjacent to Rio Tinto’s Rincon Project. The results validate the presence of concentrated lithium brines and support ongoing exploration efforts aimed at defining a mineral resource.

Argentina Lithium & Energy Corp. (OTC: PNXLF) has initiated exploration drilling at its Rincon West lithium project in Salta Province, Argentina. The project spans 2470 hectares and is strategically located near Rio Tinto’s property. The drilling aims to test multiple brine targets, with five exploration holes planned and a budget of 2000 meters for the first campaign. The program could expand to nine holes based on results. Argentina Lithium aims to discover high lithium grades and flow rates to support future production. The drilling is contracted to AGV Falcon S.R.L., with samples analyzed by Alex Stewart Assayers Argentina S.A.

Argentina Lithium & Energy Corp. has completed geophysical surveys at its Rincon West lithium project in Salta Province, Argentina, enhancing the understanding of potentially conductive brine aquifers. The results, indicating significant expansion of brine aquifers compared to earlier surveys, will aid upcoming drilling scheduled for May 2022. This advanced reconnaissance technique covered 36.4 line-kilometres, offering valuable data for targeting drilling efforts. The project spans 2,470 hectares and is strategically located near the Rio Tinto-owned Rincon Project.

Argentina Lithium & Energy Corp (OTC: PNXLF) has engaged PI Financial Corp to provide market making services on the TSX Venture Exchange. This partnership aims to maintain an orderly market for the company's securities. Argentina Lithium will compensate PI with a monthly fee of $5,000 for a minimum term of three months, with the possibility of renewal. PI will utilize its own capital for market making activities and will not receive shares or options. The company focuses on acquiring high-quality lithium projects in Argentina to cater to the growing global battery sector demand.

Argentina Lithium & Energy Corp. (OTC: PNXLF) has secured a 100% interest in three mining concessions totaling 5,411 hectares in the Salar de Antofalla, Argentina, through an option agreement. This expands the company's holdings to 14,987 hectares in the Antofalla region, near major lithium operations, enhancing its strategic position in the Lithium Triangle. The option includes payments of $2.8 million over four years and specific annual exploration expenditures. Argentina Lithium aims to boost its land position to cater to the growing lithium demand.

Argentina Lithium & Energy Corp. (OTC: PNXLF) announced the start of advanced geophysical imaging surveys at its Rincon West Lithium Project in Salta Province, Argentina, on March 21, 2022. The Transient Electromagnetic Sounding survey aims to define targets for a drilling program set for Q2 2022. Covering 2470 hectares, the project is adjacent to a Rio Tinto-acquired site identified with significant lithium resources. The results are expected to inform drilling to assess lithium brine potential, with a comprehensive survey planned to reach depths exceeding 500 meters.