VANCOUVER, British Columbia, March 12, 2026 (GLOBE NEWSWIRE) -- A.I.S. Resources Limited (TSXV: AIS, OTC-Pink: AISSF) (“AIS” or the “Company”) is pleased to announce that the Company has appointed Afzaal Pirzada as its Vice President of Exploration and engaged AI Metals Limited to perform integration and analysis of geophysical and geological data at the Saint John Project.
Marc Enright-Morin CEO said, “As we prepare for the upcoming exploration season, we will have the power of AI to help with drill hole targeting and data processing. I also want to welcome Afzaal to the team and am pleased to be working with him again.”
Afzaal will coordinate the Saint John exploration program commencing with surface sampling and trenching and expanding drone MobileMT + IP surveys across the whole project with a view to defining drill targets for a 2,000m maiden RC/DD drill program at Little Lepreau.
AI-Metals is an AI powered and geoscience analytics firm specializing in the application and creation of novel AI, Machine Learning, and heterogeneous dataset integration of complex geological systems. The company employs leading PhD AI experts from Cambridge University along with industry partners to improve subsurface understanding, reduce exploration risk, and support predictive targeting.
Afzaal Pirzada is a professional geoscientist with over 30 years’ experience in mineral exploration and mining with expertise in gold, lithium, rare metals, graphite, PGE and uranium. Throughout his career, he has managed multiple exploration projects in various jurisdictions across Canada, USA and internationally. He has worked as Project Geologist, VP Exploration, Director and CEO of Adriana Resources, Rock Tech Lithium and various other mining companies. He has discovered one graphite deposit in Quebec, and successfully developed a lithium project in Ontario from early stage exploration to advanced exploration. He is registered as a professional geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia, Canada, authored several NI 43-101 technical and exploration work assessment reports, and has worked as a “Qualified Person” person on mineral exploration projects.
About the Saint John Project
The Saint John Project is a district-scale IOCG/porphyry exploration target providing strategic exposure to gold and silver (precious metals), copper (energy transition metal), and antimony (critical mineral).
The project covers 101 km² in a Tier-1 mining jurisdiction. Located just 20 km west of Saint John, New Brunswick and 50 km from the U.S. border, the project benefits from exceptional infrastructure, including highways, rail, deep-water port, power stations, and a skilled local workforce.
Riversgold have released multiple press releases on the Australian Stock Exchange over the past year as they have moved this project up the value chain. Geological results were previously disclosed by Riversgold in press releases on ASX dated January 29, 2025 and April 9, 2025. Refer to www.riversgold.com.au
Geological Highlights:
Little Lepreau Prospect
- Roadside Quary surface samples: Gold up to 41.6 g/t, Silver up to 1,600 g/t, Copper up to 7.64%, Antimony >1%.
- Magnetic data received from the high resolution 25 metre line spaced survey has delineated multiple magnetic low response areas that bear a similar magnetic signature to the Roadside Quarry mineralization.
- Maiden drilling (2,000m) approved.
Prince of Wales Prospect
- surface samples: Gold up to 11.4 g/t, Silver up to 1,050 g/t, Copper up to 10.55%, Lead up to 18.85%.
Hideaway Prospect
- surface samples: Gold up to 1.7 g/t, Silver up to 8 g/t, Copper up to 2.01%.
Figure 1 - Saint John Project (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure 2 – Prince of Wales roadside cutting with exposed mineralization (Source of Map: Riversgold press release on ASX dated January 29, 2025)
Figure 3 – Little Lepreau Roadside Quarry Prospect (Inset 1) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure 4 - Hideaway Prospect (Inset 2) - Sample Grades (Source of Map: Riversgold press release on ASX April 9, 2025)
Figure 5 - Price of Wales Prospect (Inset 3) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Technical information in this news release has been reviewed and approved by Mr. Edward Mead, who is a Qualified Person under the definitions established by the National Instrument 43-101 and who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Mead is a director of Riversgold Ltd and a consultant to Riversgold through Doraleda Pty.
About A.I.S. Resources Limited
A.I.S. Resources Limited is a publicly traded company listed on the TSX Venture Exchange. The company focuses on natural resource opportunities, aiming to unlock value by acquiring early-stage projects and providing the necessary technical and financial support to develop them. AIS is guided by a seasoned team of engineers, geologists and finance professionals with a proven record of success in capital markets.
On Behalf of the Board of Directors,
A.I.S. Resources Limited
Marc Enright-Morin, CEO
Corporate Contact
For further information, please contact:
Marc Enright-Morin, CEO
T: +1-778-892-5455
E: marc@aisresources.com
Website: www.aisresources.com
ADVISORY: This press release contains forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Photos accompanying this announcement are available at:
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Figure1
Figure 1 - Saint John Project (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure2
Prince of Wales roadside cutting with exposed mineralization (Source of Map: Riversgold press release on ASX dated January 29, 2025)
Figure3
Little Lepreau Roadside Quarry Prospect (Inset 1) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
Figure4
Hideaway Prospect (Inset 2) - Sample Grades (Source of Map: Riversgold press release on ASX April 9, 2025)
Figure5
Price of Wales Prospect (Inset 3) - Sample Grades (Source of Map: Riversgold press release on ASX dated April 9, 2025)
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