Aeonian expands Koocanusa project

Executive Summary

• Aeonian Resources Ltd. expanded its 100%-owned Koocanusa copper project in southeastern British Columbia by acquiring two new contiguous mineral tenures, strengthening its control over prospective structural and stratigraphic traps within the Purcell basin.
• The expansion adds approximately 6.7 km of prospective strike length along the Gilnockie Fold and Jake Anticline, targeting magnetic anomalies that correlate with copper-bearing horizons of the Creston formation.
• The newly acquired ground will be integrated into the company's 2026 exploration and drill targeting programs, with permits already secured and First Nations engagement expedited.

Key Details

• Tenure Acquisition: Acquired two new contiguous mineral tenure applications (Tenure 1126059 and Tenure 1126060) at the Koocanusa project.
• Geographic Expansion:
  • Tenure 1126059: Extends the property by approximately 3.5 km to the US border, covering the southern-striking limb of the Gilnockie fold.
  • Tenure 1126060: Extends the property by approximately 3.2 km, covering the western limb of the Jake anticline/Yahk target.
• Total Added Strike Length: Approximately 6.7 km of prospective strike length along interpreted major fold-hosted copper traps.
• Geological Context: The new ground covers magnetic-high anomalies correlating with the Creston formation, which hosts sediment-hosted Cu-Ag mineralization analogous to the world-class Revett formation deposits in Montana (e.g., Hecla Mining's Rock Creek and Montanore).
• Exploration Plans: The new land is incorporated into the 2026 exploration program, which will include detailed follow-up geophysics, surface mapping, geochemical sampling, and drill targeting for feeder fault and fold hinge traps.
• Regulatory & Indigenous Engagement: Tenure approvals were expedited through advanced information packages (archaeological and wildlife management plans) provided to the Shuswap Indian Band and Ktunaxa Nation Council.
• Stock Option Grant: Board approved 3.2 million incentive stock options for directors, officers, employees, and consultants.
  • Exercise Price: $0.10 per share.
  • Term: Five years, expiring October 27, 2030.
  • Hold Period: Four months from the date of grant.

Notable Quotes

• "Expanding our footprint over these newly defined magnetic and structural corridors solidifies our position along one of B.C.'s most prospective yet underexplored copper systems," stated Andy Randell, chief executive officer of Aeonian Resources. "With permits secured and targets clearly emerging, we're well positioned to advance toward our inaugural drill program at Koocanusa."