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, allowing AIS to acquire up to a 75% interest in the Saint John IOCG/Porphyry Project in New Brunswick, Canada, which presents significant exploration potential [1][2]. Company Overview - A.I.S. Resources Limited is a publicly traded company on the TSX Venture Exchange, focusing on natural resource opportunities and aiming to unlock value through early-stage project acquisitions and development support [23]. Project Details - The Saint John Project is a district-scale IOCG/porphyry exploration target, providing strategic exposure to gold, silver, copper, and antimony [3][4]. - The project spans 101 km² in a Tier-1 mining jurisdiction, located 20 km west of Saint John, New Brunswick, benefiting from excellent infrastructure including highways, rail, and a deep-water port [4]. Exploration Potential - The project is described as having very high-grade mineralization and is exploration and drill-ready, with two drill programs already approved [2]. - Surface samples from various prospects within the project have shown promising results, including: - Prince of Wales Prospect: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55% [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]. Financial Commitment and Exploration Plans - To earn a 51% interest, AIS is required to spend CAD $400,000 in the first year on early exploration, including surveys and drilling [14]. - The total expenditure to earn a 75% interest over three to four years is CAD $3 million, focusing on drilling and early development work [14]. Next Steps - AIS plans to expand drone MobileMT and IP surveys across the project and commence a 2,000m maiden RC/DD drill program at Little Lepreau in 2025/2026 [10].