- Aeonian Resources (TSXV:ALTN) reported a significant milestone in the advancement of its Koocanusa Project, located in southeastern British Columbia
- The company has been granted two three-year drill permits by the Ministry of Energy, Mines and Low Carbon Innovation, enabling exploration across several high-priority sedimentary-hosted copper targets
- These targets have been the focus of extensive geological, geochemical, and structural analysis over the past three years, and are now conditionally approved for drill testing
- Aeonian Resources stock (TSXV:ALTN) last traded at $0.04
Aeonian Resources (TSXV:ALTN) reported a significant milestone in the advancement of its Koocanusa Project, located in southeastern British Columbia. The company has been granted two three-year drill permits by the Ministry of Energy, Mines and Low Carbon Innovation, enabling exploration across several high-priority sedimentary-hosted copper targets.
The newly issued permits cover the Yahk and Gilnockie target areas on the western side of the Koocanusa Project. These zones have been the focus of extensive geological, geochemical, and structural analysis over the past three years, and are now conditionally approved for drill testing. Target areas include Yahk West, Yahk East, Jake, and the broader Gilnockie zone.
The Yahk permit encompasses the Yahk West, Yahk East, and Jake targets, while the Gilnockie permit covers a suite of copper targets in the southern portion of the property. Both permits are valid until July 2028.
“These permits are significant as they open the door to first pass drilling exploration on some of the most promising copper targets we’ve developed to date,” Andy Randell, Aeonian’s CEO said in a news release. “This is the result of several years of dedicated geological work and relationship building efforts with the Ktunaxa Nation and Shuswap Band. We are very pleased to now be able to move towards testing of these systems.”
In line with its commitment to responsible exploration, Aeonian has fulfilled key regulatory requirements, including the full payment of reclamation bonds totalling $35,000. The company is also actively addressing pre-disturbance conditions, which include:
- Completion of archaeological assessments by qualified professionals
- Mandatory training for all site personnel in the Ktunaxa Nation Council’s Chance Find Procedure
- Submission and approval of a comprehensive Wildlife Management Plan
The Koocanusa Project is situated within the Proterozoic Belt-Purcell Basin, a geologic setting renowned for its potential to host large-scale copper mineralization. Early exploration results from the Yahk and Gilnockie areas have revealed encouraging geochemical signatures and structural features, positioning Aeonian to unlock new value through targeted drilling.
Aeonian Resources Ltd. is a junior mineral exploration company and its principal mineral property is the Koocanusa copper property, which is a copper-silver exploration project located approximately 30 kilometers southeast of Cranbrook, B.C.
Aeonian Resources stock (TSXV:ALTN) last traded at $0.04 and has risen 100 per cent since this time last year.
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