Aeon Metals (ASX:AQR) has commenced drilling on its 7B project in the Gladstone region of Queensland.
The Company intends to drill approximately 1,200 metres at the Wild Chilli and Meat Ant targets, focused on deeper structure and IP chargeability responses.
The planned drill campaign should also improve AQR's understanding of the geological factors controlling the known mineralisation.
The Wild Chilli targets include a deeper source of remobilised copper-zinc-gold mineralisation encountered in diamond drill holes, and a deep IP chargeability target south of these holes with an overlying lead-zinc soil anomaly.
The Meat Ant target is in the area of a south dipping thrust fault zone with polymetallic mineralisation.
To the south, there is an area of copper-silver-zinc anomalism that appears to have leaked up along structures with sericite alteration.
The results of a recently completed detailed ground magnetic survey have provided a high resolution base on which a clearer understanding of the geology can be interpreted.
With the recent acquisition of assets from Aston Metals, Aeon now has a significant portfolio of prospective projects, including the Walford Creek base metal discovery that already has a significant JORC resource.
Importantly, Aeon is fully funded to advance these projects out over the next 18 months.
