A.I.S. Resources Receives TSXV Approval for Saint John Copper/Gold/Antimony Project in New Brunswick
A.I.S. Resources Limited has obtained TSXV acceptance for its earn-in agreement with Riversgold Ltd. for the Saint John IOCG/Porphyry Project in New Brunswick. The agreement allows AIS to acquire up to a 75% interest in the project, which covers 101 km². AIS plans to invest CAD $4.4 million over four years for exploration and drilling. The project is strategically located near Saint John and the U.S. border, with significant mineralization potential.
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A.I.S. Resources Limited has received TSXV acceptance for an earn-in agreement with Riversgold Ltd., allowing AIS to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada.
To earn 51%, AIS will spend CAD $400,000 in Year 1 and CAD $1 million in Year 2 on exploration and drilling, followed by CAD $3 million in Years 3-4 to reach 75%. The project covers 101 km² and is located 20 km from Saint John.
AIS will issue 2,860,000 shares to Riversgold at $0.05 each. Notable surface samples include gold up to 41.6 g/t and copper up to 10.55%. A maiden 2,000m drilling program is planned for 2025.
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