Aeonian Resources Completes Phase 1 Work Program at the Koocanusa Project
VANCOUVER, BRITISH COLUMBIA/ [August 31, 2022] Aeonian Resources Ltd. (the “Company” or “Aeonian”) is pleased to announce that Phase 1 of the Koocanusa Exploration Campaign was successfully completed during a 3-week period, from July 20 to August 12.
Exploration was primarily focused on the southeastern and central part of the property within the 21-km mineralization trend, and included district-scale geological mapping, construction of stratigraphic columns, conduction of structural measurements, and documenting locations of faults, folds, foliation, veins, and fractures.
The Company also completed several reconnaissance trips around the western part of the property and identified a potential new target called the “Jim Creek Zone”. To complement the mapping and observations, a detailed geochemical analysis with an μXRF instrument on key stratigraphic intervals from the outcrops was completed.
The integration of the Phase 1 results allowed Aeonian Resources to constrain the sedimentary sequences that host the mineralization including the lateral extent and lithological variability, which is a key factor in predictive modeling. The Company also completed several drone survey grids to create a 3D terrain model over the mapped section 21-km trend which will help with determining future projections of the “fertile” sedimentary horizons.
Phase 2 commenced on August 20th and will continue to build on the profile of the area, with a focus on the new “Jim Creek Zone”, possible extensions of mineralization along the Koo Trend, and mapping around the Gilnockie Target in the south.
“The Board of Aeonian Resources is happy with the results of Phase 1 on Koocanusa and is optimistic for Phase 2.” stated Branden Haynes, President and CEO of Aeonian Resources. “This summer’s exploration program adds additional expenditure value to the Koocanusa project that already has a NI 43-101 report.” added Mr. Haynes.
About Aeonian Resources
Aeonian Resources is an aspirational exploration company whose goal is to make discoveries whilst leading through change. The company is cultivating a portfolio of grass roots projects across British Columbia with a varied mineral inventory. Aeonian’s flagship project is the Koocanusa Project, a drill-ready sedimentary copper and epithermal gold deposit closely located to Cranbrook, B.C. Field work undertaken in 2020 suggests the presence of several potential copper horizons hosted in sandstone units dipping 10-45 degrees that would have been missed by historic exploration and drilling methods. Aeonian is reviewing all related historical data, academic papers and economic assessments of similar projects to build a new interpretive model. This coupled with advances in technology, broad geochemical sampling and detailed mapping is increasing the understanding – and the potential – of Koocanusa. For more information please visit: https://aeonianresources.com.
ON BEHALF OF THE BOARD OF
AEONIAN RESOURCES LTD.
“Branden Haynes”
Branden Haynes, Chief Executive Officer
branden@aeonianresources.com
604 817 1595
This press release contains forward-looking statements that are made as at the date hereof and the Company disclaims any intent or obligation to publicly update any forward-looking statements, where because of new information, future events or results, or otherwise, except as required by applicable securities laws.