NEWS RELEASE 

 

Aeonian Resources Completes Drone-based Magnetic Survey of its Koocanusa Copper Project, Southeastern British Columbia 

 

Vancouver, B.C. (June 21st, 2023) – Aeonian Resources Ltd. (the “Company” or “Aeonian”) is pleased to announce the completion of its drone-based magnetic survey across key targets at its 100% owned Koocanusa Project, located approximately 45 kilometres (“km”) south of Cranbrook, British Columbia and situated 100 km north of Hecla’s Troy and Montanore copper projects. 

The drone (operated by Geotronics Consulting Inc.) flew 611-line kilometres (“km”) over several targets that have previously shown anomalous copper mineralization through ground prospecting. Targets include the Koo Trend, Lilo, Frankie, Gilnockie, Jake Copper and Moyie. The purpose was to gather data to create a better idea of the structural geology of the region, and subsequently any traps that are forming within the geochemical trends. Target areas will then be defined and highlighted in the current drill permit application. The association of copper minerals with magnetite within the older Creston Formation rocks (1.45 billion years old) ensures that a good signal was received, and preliminary data shows a positive correlation between geochemical and magnetic anomalies. 

The data from this project was successfully completed on 29th May 2023 after a 9-day field program. The data is currently being processed and results will be released in due course.  

 

Change of Management / Directors 

As of 7th June 2023, Mr. Branden Haynes has stepped down as CEO of Aeonian and will take the place as President / Director. Andrew Randell PGeo replaces Mr. Haynes as CEO. Kristian Whitehead PGeo stepped back from his position of Vice President Exploration to fill the role of Board Chair.  We thank Mr. Haynes for all his contributions to Aeonian Resources and look forward to working with him in a consulting capacity in the future.

 

About Aeonian 

Aeonian Resources Ltd. is a mineral exploration company an early-stage sedimentary copper project in southeastern British Columbia.  The Company is positioned to add shareholder value through systematic project advancement, while management continues to evaluate additional other projects of merit for possible acquisition. For additional information, visit the Company’s website www.aeonianresources.ca. Aeonian Resources is a Private Company but intends to be listed on the Canadian Stock Exchange by Q4 2023. 

 

Kristian Whitehead, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101, has reviewed the technical information in this news release. 

 

ON BEHALF OF THE BOARD OF AEONIAN RESOURCES LTD.  

Andy Randell, President and CEO