VANCOUVER, British Columbia – A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF, FRA: 5YH) has announced that it has entered into an option agreement to acquire up to a 100% interest in the Frenchmans Creek property. The property consists of 88 mining claims in four claim blocks covering approximately 2,200 hectares, located about 10 kilometres from Saint John, New Brunswick. This area in southern New Brunswick is a mining-friendly jurisdiction with excellent infrastructure, including highways, rail, a deep-water port, a nuclear power station, and a skilled local workforce.
CEO Statement
A.I.S. CEO Marc Enright-Morin commented, “We continue to expand our property portfolio as new and exciting opportunities arise. The Frenchmans Creek project is contiguous to our St John project and offers highly promising geology. Vendor-supplied data indicates locally high-grade surface mineralization, iron-oxide alteration, and geophysical features consistent with an IOCG-style exploration model. Our initial focus will be on verifying historical and third-party data through systematic fieldwork, confirming mineralized outcrops, and developing priority targets for follow-up exploration.”
Project Highlights
The project is located in an emerging IOCG-style corridor in southwestern New Brunswick, with favourable geology including high-grade surface mineralization of copper, gold, silver, antimony, cobalt, and nickel. Encouraging historical and optionor-supplied assays from selected outcrop samples show gold values from trace to 7.46 g/t, silver from 0.2 to 2,230 g/t, copper from trace to 15%, antimony from trace to 4.5%, zinc from trace to 19%, and lead from trace to 14%. The company has not yet verified these results.
Next Steps
Planned work includes data verification, mapping, prospecting, geochemical sampling, airborne and ground geophysics, target modelling, and potential first-pass drilling.
Geological Setting and History
The Frenchmans Creek Project is interpreted as part of an emerging IOCG-style mineral system in southern New Brunswick. IOCG systems typically feature iron-oxide alteration, copper-gold mineralization, structural control, and magnetic or gravity anomalies. Vendor data suggest mineralization is spatially associated with regional terrane boundaries, cross-cutting fault zones, and margins of an elongated gravity anomaly. Magnetic data define a coherent Fe-oxide system along major structural corridors, with magnetic highs interpreted as potential iron-oxide bodies. Fault intersections and cross-cutting structures are priority targets for hydrothermal fluid pathways.
