A.I.S. Resources Partners with Riversgold for Major Project
A.I.S. Resources Limited Collaborates with Riversgold
A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) is thrilled to announce a significant step forward in its exploration efforts by entering an earn-in agreement with Riversgold Ltd. This partnership grants AIS the potential to acquire up to a 75% stake in the newly discovered IOCG/Porphyry Project located in Saint John.
Importance of the Saint John Project
Located strategically in a Tier-1 mining jurisdiction, the Saint John Project promises substantial returns with its vast exploration potential that focuses on precious metals and critical minerals. This exploration target covers an extensive area of 101 km² and is conveniently located around major infrastructure such as highways, railways, and a deep-water port, making it an ideal site for mineral exploration.
Infrastructure and Logistics
Accessibility is a significant advantage for this project, as its proximity to the coastline enables year-round exploration activities. Being only 20 km from a major city and 50 km from the U.S. border, the project is supported by a skilled local workforce which will be invaluable in executing the planned drilling programs.
Exciting Exploration Features
The ongoing exploration at the Saint John Project has already yielded promising results. According to recent assessments, there are notable high-grade mineralizations reported, including gold, silver, copper, and antimony. Such findings are setting the tone for an aggressive exploration strategy aimed at further validating this venture's potential.
Geological Data Insights
The geological assessments reveal several promising prospects within the project area. Notably, the Little Lepreau Prospect is demonstrating exceptional mineralization, highlighting remarkable sample grades for gold and silver, along with significant copper and antimony content. Follow-up drilling has been authorized to deepen the exploration of these areas in the upcoming year.
Future Steps in Development
As part of the exploration strategy, AIS is focused on expanding its geophysical surveys, with plans for extensive MobileMT and IP surveys slated for execution. These preliminary investigations serve to refine drill targets leading up to the 2,000-meter maiden drill program, expected to occur in the near future.
Agreement Details and Impact
The terms of the partnership dictate that upon signing, AIS will issue shares to Riversgold, marking the beginning of a robust exploration agenda. The commitment from AIS reflects confidence in advancing the project rapidly while maintaining Riversgold's involvement in its development, allowing for strategic foresight in resource management.
The Road Ahead for A.I.S. Resources Limited
The collaboration is not just beneficial for advancing the exploration activities but positions A.I.S. Resources Limited as a proactive player in the mining industry. With promising geological findings and a practical approach to mineral resource extraction, AIS aims to significantly increase its presence in the market.
Company Background and Vision
A.I.S. Resources Limited is a publicly traded entity committed to exploring and developing natural resource projects. With a team of experienced professionals, AIS continues to pursue strategic opportunities that promise long-term value creation. The company's dedication to enhancing mining operations and securing quality projects is central to its operational ethos.
Frequently Asked Questions
What is the Saint John Project?
The Saint John Project is an IOCG/Porphyry exploration target focused on gold, silver, copper, and antimony, located in a prime mining jurisdiction.
How much interest can A.I.S. acquire in the project?
A.I.S. Resources Limited can earn up to a 75% interest in the Saint John Project through an earn-in agreement with Riversgold.
What are the key geological findings?
High-grade mineralization has been reported from several prospects, including gold up to 41.6 g/t and copper content up to 10.55% in samples.
What are the immediate next steps for A.I.S. Resources?
A.I.S. plans to expand its geophysical surveys and commence a 2,000-meter drilling program to further investigate mineralization prospects.
Who can I contact for more information?
For further inquiries, reach out to Marc Enright-Morin, CEO of A.I.S. Resources Limited, via email at marc@aisresources.com or call +1-778-892-5455.
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