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Aeon Metals Ltd.

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Summary

Project:

Walford Creek

Deposit:Walford Creek
Location:Australia
Commodities:Copper-Cobalt-Lead-Zinc-Silver
Date:11/13/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:13-11-2017: Aeon Metals Ltd. announces an Exploration/Drilling Update report for its Walford Creek deposit at the Walford Creek project. Drilling results incl. 38m @ 1.07% Cu, 0.15% Co, 0.55% Pb, 0.51% Zn, 25.5g/t Ag from 226m. Aeon Metals Ltd (“Aeon” or
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Dan Johnson (Internal)
ABSTRACT:Aeon Metals Ltd (“Aeon” or “the Company”) owner of one of Australia’s biggest undeveloped base metals project in north-west Queensland, the Walford Creek project, is pleased to announce assay results for its third drill hole (WFDD265). This drill hole is 200m west of the previous hole, WFDD264, and once again confirms the robust geological model at Walford Creek and supports the opportunity for continued high grade copper and cobalt mineralisation to continue west throughout the lightly tested PY3, potentially over many kilometres. These results show further continuation of high grade and consistent mineralisation within the targeted PY3 unit at Walford Creek. The drilling campaign just completed has focussed on targeting the PY3 mineralised unit both within the Vardy Resource (4 holes) and outside and along strike of the Vardy Resource (5 holes). The visual estimates are now being confirmed as assay results are received. They also support previous limited drilling that in some cases partially tested the PY3 such as holes WFPD184 and WFPD185 (results below) which lie west of WFDD265. Additionally, the core photos now received from the drilling of hole WFDD270 (Figure 2) 900m along strike from Vardy Resource, are highly encouraging and consistent with the geological model.

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