Aeonian Resources Outlines Plans for Inaugural Drill Program at the Koocanusa Copper Project, Southeastern British Columbia

Aeonian Resources Ltd. announced detailed plans for its inaugural diamond drill program at the Koocanusa Copper Project in Southeastern British Columbia. The company confirms that all necessary permits, surveys, and access preparations are complete. A drilling contractor, Flamingo Drilling Ltd., has been secured. The initial program is scheduled for March 2026 and will consist of two diamond drill holes, each approximately 300 meters deep, targeting the Jake Anticline. This first phase aims to test a chargeability anomaly, validate the Revett-style sediment-hosted copper model, and establish structural controls. The company also noted additional high-priority targets, including Yahk, Gilnockie, and Barkshanty. This drill program is explicitly "pending completion of current financing," which will also be used to potentially expand the program.

This news provides a clear roadmap for Aeonian's first drill program, a critical step for an exploration company. The confirmation of secured permits (initially announced July 9, 2025), completed surveys (results released September 10, 2025), access preparations, and a secured drilling contractor are all positive operational advancements, demonstrating the company's readiness to execute. The specific targeting of the Jake Anticline and the planned scope of two 300-meter holes add specificity to their exploration strategy.

However, the material impact is tempered by the explicit caveat that the program is "pending completion of current financing." This refers to the private placement initially announced on October 20, 2025, for up to $2 million, which was subsequently extended on December 4, 2025. The need to extend this financing suggests the company is facing challenges in raising the necessary capital. While outlining a drill program is positive, its conditional nature on an unclosed and extended financing round significantly dilutes its immediate positive impact. The company's cash position as of July 31, 2025, was $267,645, with negative working capital, underscoring the critical need for this financing to proceed with exploration. Therefore, while operationally a step forward, the financial uncertainty makes this news more of a routine update on intentions rather than a definitive material catalyst.

Aeonian Resources Ltd. (formerly Altina Capital Corp.) is a mineral exploration company listed on the TSX Venture Exchange. The company completed its Qualifying Transaction (QT) on May 12, 2025, acquiring Aeonian Resources Ltd. and subsequently changing its name. Aeonian's business is focused on the exploration and development of its 100%-owned Koocanusa Copper Project.

Flagship Project: Koocanusa Copper Project * Location: Southeastern British Columbia, Canada, approximately 30 kilometres southeast of Cranbrook, along the Canada-United States border. * Commodities: Primarily copper and silver. * Geology: The project is situated within the Proterozoic belt-Purcell basin, known for sediment-hosted copper mineralization. The company highlights analogies to Hecla's Rock Creek and Montanore copper-silver deposits in Montana (Revett formation). * Size: Comprises 38 contiguous mineral claims covering approximately 28,743.82 hectares. * Stage: Exploration stage. The company has conducted extensive surface sampling (up to 5,654 ppm Cu and 15 g/t Ag reported in June 2025), airborne geophysical surveys (confirming a 50 km copper-fertile corridor and identifying targets like Jake, Yahk, Gilnockie, Barkshanty), and secured multi-year drill permits (July 2025) for initial targets. * Development: The current focus is on preparing for the inaugural drill program, contingent on financing. The project has an NI 43-101 technical report completed in August 2024, identifying 11 copper targets. The company has also proactively engaged with Indigenous communities (Ktunaxa Nation and Shuswap Band) for archaeological and wildlife management planning.