Grand Bay comprises 62 mining claims in two blocks covering approximately 4,100 hectares, approximately 10 km northwest of Saint John, New Brunswick. AIS has a conditional right to acquire up to 100% under a joint four-year option with Frenchmans Creek that has received TSXV acceptance; shared consideration totals C$90,000 cash and C$200,000 in shares, for which cash may be substituted, plus C$187,450 of work credits and an obligation to keep the claims in good standing. The early-stage volcanic-hosted base-metal, structurally controlled copper-silver-gold vein and intrusion-related copper-molybdenum-gold porphyry concepts require systematic mapping, prospecting, geochemical sampling and geophysical surveys, and no Mineral Resource has been defined.
- Country
- Canada
- Commodity
- Cu
- Stage
- Exploration