A.I.S. Resources Enters Option Agreement for Pocologan Copper-Gold-Silver Exploration Project, New Brunswick
Executive Summary
The property encompasses multiple targets including the Pennfield Station-Pocologan River IOCG target and the Red Head Harbour copper-silver-gold target, where historical and recent surface sampling has returned encouraging results. Selected grab and outcrop samples from 2023 to 2025 reportedly yielded values ranging from below detection to 45 g/t Au, 0.11 to 314 g/t Ag, and 1.1 ppm to 15.1% Cu, though the company cautions these are selective surface samples that may not represent average grade or economic potential.
The Red Head Harbour target includes an abandoned late-1800s copper mine where recent prospecting has confirmed copper mineralization at the historical mine area and identified additional mineralized outcrops along a 1.7-kilometre strike length. Four selected 2025 outcrop samples returned values greater than 1% Cu, with the highest grade of 4.06% Cu accompanied by significant silver values.
A.I.S. can acquire 100% interest through staged payments totaling $240,000 over four years, comprising equal amounts of cash and shares. The optionor retains a 2% net smelter return, with A.I.S. holding the right to purchase back 1% for $1 million. The company's planned exploration program includes data verification, systematic field sampling, geophysical surveys, target modeling, and potential first-pass drilling, positioning this acquisition as a complementary addition to their existing Saint John project in the region.
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