Aeon boosts acreage around Walford Creek project
Through application for five additional mineral exploration permits (EPMs) and finalisation of an earn-in arrangement over an adjoining EPM, Aeon has added a further 130km of potential strike extent east of the project.
In an announcement to the ASX, the company said the new tenement holdings would be known as the Basin Edge Project.
They lie on a geological structure interpreted as a continuation of the Fish River Fault that hosts the Walford Creek deposits.
Aeon said the Basin Edge Project was set to be allocated a modest exploration budget (below $500,000) over the next 18 months.
The company’s core focus remains rapid advancement of the world-class Walford Creek project.
“We are pleased to have secured this additional tenure,”
Aeon managing director Hamish Collins said.
“Following the extensive 2018 exploration campaign at Walford Creek, our understanding of the geological controls on this mineralised system has expanded dramatically. This enhanced knowledge has highlighted the Basin Edge tenure as prospective for further, structurally controlled copper deposition.”
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