A.I.S. Resources Signs Earn-In Agreement with Riversgold on the New Copper/Gold/Antimony Discovery at Saint John, New Brunswick

Core Viewpoint - A.I.S. Resources Limited has entered into an earn-in agreement with Riversgold Ltd to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada, which shows significant mineralization potential [1][2]. Project Overview - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing strategic exposure to gold, silver, copper, and antimony [3]. - The project covers an area of 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John and 50 km from the U.S. border, benefiting from excellent infrastructure [4]. Geological Highlights - Significant mineralization results reported include: - Antimony up to 10.8% - Gold up to 70.4 g/t - Copper up to 17.6% - Silver up to 48 ounces per tonne [1]. - Specific prospects within the project have shown promising surface samples: - Little Lepreau: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55%, Lead up to 18.85% [6]. - Roadside Quarry: Gold up to 41.6 g/t, Silver up to 1,600 g/t, Copper up to 7.64%, Antimony >1% [9]. Exploration Plans - AIS plans to expand drone MobileMT and IP surveys across the project with a budget of approximately CAD $300,000 [8]. - A maiden drilling program of 2,000 meters has been approved for 2025, starting at the Little Lepreau prospect [10]. Transaction Terms - Upon signing the agreement, AIS will issue 2,860,000 shares at $0.05 per share to Riversgold [14]. - To earn a 51% interest, AIS must spend CAD $400,000 in the first year on early exploration and drilling, followed by CAD $1 million in the second year, and CAD $3 million in the third and fourth years to earn a 75% interest [14].