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.

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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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