Aeonian Resources Consolidates Key Prospective Mineral Tenures at Koocanusa and Expands Project to 275 Square Kilometers

 

Vancouver, B.C. (July 19th, 2023) – Aeonian Resources Ltd. (the “Company” or “Aeonian”) is pleased to announce that it has acquired additional mineral tenures in the west and southwest of the Koocanusa Project in southeastern British Columbia.

Aeonian has worked with neighbouring claim holders to strategically acquire tenure that sits along the 34-kilometer (“km”) copper trend on the western side of the Koocanusa Project. A total of three tenures covering 42.9 square kilometers (“sqkm”) was acquired from private and corporate claim holders for an aggregate cost of $20,000 cash and 2.5 million units, each unit is comprised of one common share and one warrant at a purchase price of $0.07 per warrant for a 3-year term. The tenure contains anomalous historical copper samples within the prospective Creston Formation and allows for the connection of the Gilnockie Project to be joined contiguously to the main Koocanusa Project block. This not only makes Aeonian the prime tenure holder in the belt, but also presents a strong land position for the upcoming National Instrument 43-101 report and subsequent public listing.

A geological team has been deployed to the Koocanusa Project to undertake mapping and prospecting on the newly acquired ground and several target areas identified during the recently completed drone magnetic survey.

The above map shows the Koocanusa Tenure in blue, with the recently acquired tenure outlined in red. The major copper trends are also illustrated.

 

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