Aeonian plans drill program at Koocanusa

Executive Summary

• Aeonian Resources Ltd. has outlined plans for its inaugural diamond drill program at the Koocanusa copper project in southeastern British Columbia, targeting the Jake target.
• Drilling is scheduled to begin in March 2026, pending the completion of a current non-brokered private placement financing.
• The initial program consists of two diamond drill holes designed to intercept a chargeability anomaly, confirm a Revett-style copper model, and establish structural controls for district-scale expansion along a 50-kilometre copper trend.

Key Details

• Drill Program Schedule: Inaugural drilling is expected to commence in March 2026, contingent on the closing of the company's current financing.
• Target: The first phase focuses on the Jake target, located approximately 32 kilometres south of Cranbrook, BC.
• Drill Plan: The initial program involves two diamond drill holes, each approximately 300 metres long, drilled from a single pad to minimize surface disturbance.
• Geological Target: Drilling aims to intercept a 500-metre-long chargeability anomaly identified in the Middle Creston (C2) formation, interpreted as a potential sulphide-bearing horizon located 50 to 100 metres below surface.
• Historical Context: A 2017 historical drill hole (SFJR-17-013) by Kootenay Silver Inc., located 500 metres southeast of the proposed site, intersected 130 metres of mineralized Middle Creston rocks with copper values up to 698.4 ppm.
• Surface Sampling Results:
  • Sample SK10-392: 3,188 ppm (0.32%) Cu with 3.5 g/t Ag.
  • Sample DA15-24: 2,265 ppm (0.23%) Cu with 31.1 g/t Ag.
  • Yahk West (SK10-3772): Up to 0.23% Cu and 31.1 g/t Ag.
  • Yahk East (SK10-3782): Up to 0.55% Cu and 9.0 g/t Ag.
  • Barkshanty (TK15-2702): Up to 0.29% Cu and 9.9 g/t Ag.
  • Gilnockie (SK10-3772): Up to 0.18% Cu and 1.6 g/t Ag.
• Financing: The drill program is supported by a non-brokered private placement announced in October and December 2025. Proceeds are intended to support and expand the 2026 drill program beyond the initial two holes.
• Regional Analogue: The project is compared to the Libby (Montanore) project owned by Hecla Mining Company, citing strong structural and stratigraphic continuity with the Revett copper belt in Montana.

Notable Quotes

• "Koocanusa is a rare opportunity to test a district-scale sediment-hosted copper system in British Columbia. With permits secured and targeting refined through geological, structural and geophysical data sets, we are now positioned to move into the first phase of drilling at the Jake target, pending completion of our financing." — Andy Randell, CEO