True North Copper’s (ASX:TNC) CEO Andrew Mooney says the company sees potential for discovery emerging from the Discover Regional Targets program, following an update to the Wynberg Project in northwest Queensland.
Mooney explains that the project provides a “strong starting point” to the company’s Discover Regional Targets program, due to the asset’s existing ‘high-grade’ gold resource.
“Our latest technical work is showing that the mineralised system extends beyond the current resource footprint,” Mooney says.
“Historic drilling has already intersected copper-gold mineralisation outside the existing resource model, while recent geophysical surveys at Burnt Ute have identified several compelling conductors coincident with strong surface copper-gold geochemistry.”
Wynberg has an existing resource estimate of 0.64 million tonnes @ 2.7 grams per tonne gold for 56,100 ounces gold on a granted mining licence, in both the indicated and inferred categories.
Outside of the current resource model, previous exploration has also intersected copper-gold mineralisation, including 10m @ 6.7g/t gold and 0.36% copper from 29m, and 12m @ 2.4g/t gold and 0.75% copper from 39m.
Historical exploration saw most drilling conducted to a depth of 55m, focusing on shallow gold mineralisation.
True North will conduct field follow-up and ground truthing at Wynberg, as well as drill testing across growth targets and geophysical surveys across the greater district.
“Importantly, Wynberg demonstrates how we can continue to unlock value from our gold assets while maintaining our broader focus on copper growth,” Mooney adds.
“Building from the existing resource, we now have a clear exploration pathway to test both resource extensions at Wynberg and a pipeline of regional copper-gold targets across the district.”
True North Copper is focused on advancing its portfolio of copper assets in North Queensland.
Write to Maddison Elliott at Mining.com.au
Images: True North Copper
