A.I.S. Resources Secures Drilling Permit for New Brunswick Project and Mobilizes Drill Rig
A.I.S. secured a drilling permit for its NB IOCG project and began mobilization following $644,000 in financing.
A.I.S. Resources Limited (AIS) has secured its first drilling permits for its Saint John iron oxide–copper–gold (IOCG) project in southern New Brunswick. The company is mobilizing a drill rig to commence a Phase 1 diamond drilling program of approximately 2,000 metres. This program targets high-priority magnetic and structural anomalies identified through recent airborne geophysical surveys and ground mapping.
The land package has been expanded to 26,952 hectares (269.5 km²) across four early-stage projects: Saint John, Pocologan, Frenchmans Creek, and Grand Bay. This announcement follows a series of preparatory steps, including geophysical surveys, mineral prospectivity mapping, high-grade surface sampling, and a $644,000 private placement closed in July 2026.
A.I.S. Resources Limited (AIS) has advanced its previously announced exploration plan, marking a routine operational milestone rather than a discovery or financial event. The approval of permits and the mobilization of drilling rigs confirm that regulatory hurdles have been cleared, signaling the company’s transition from target generation to drill testing.
This initial 2,000-meter program is funded by $644,000 in financing that closed in early July 2026, providing the necessary working capital for the drilling campaign and general operations. While the progression toward drilling is positive, the market has already priced in this development through the stock’s appreciation from $0.03 to a high of $0.21 in June 2026. Consequently, actual drill results will serve as the next material catalyst. No new strategic partnerships, major capital raises, or resource definitions were disclosed in this release.
A.I.S. Resources Limited is an early-stage exploration company focused on IOCG-style and magmatic copper-gold-silver mineralization in New Brunswick, Canada. The company’s flagship Saint John Project covers 101 km², located approximately 20 km west of Saint John, NB. The property features high-grade surface samples, including up to 41.6 g/t Au, 7.64% Cu, and 1,600 g/t Ag, alongside strong magnetic and geophysical anomalies consistent with IOCG systems.
A.I.S. Resources has expanded its land package to approximately 269.5 km², adding the Pocologan, Frenchmans Creek, and Grand Bay projects through option agreements and staking. The company is led by CEO Marc Enright-Morin and VP Exploration Afzaal Pirzada, and has engaged AI Metals Ltd. for AI-driven data integration to optimize drill targeting. The company is in a pre-revenue, early-stage exploration phase, with no mineral resources currently defined.