True North Copper (ASX:TNC) has delivered new drill targets at the group’s Aquila discovery within the Mt Oxide Project in Queensland, after completing an extension induced polarisation survey.
The newly identified targets present the opportunity to expand the mineralised footprint, as well as test the full extent of the system and potentially deliver additional discoveries within the broader Mt Oxide project area.
At Aquila, there is now a geophysical trend from 250m to over 1.3km in strike length, which coincides with surface copper-cobalt-silver mineralisation.
Some of the latest results include 145m @ 0.75% copper, 0.12% cobalt, and 2.9 grams per tonne silver from 28m; and 30m @ 2.45% copper, 0.02% cobalt, 6.2g/t silver from 20m.
True North, which has a market capitalisation of $42 million, is planning a systematic drilling program to test multiple new targets along strike and at depth, initially starting on the Aquila trend.
Further step-out and deeper holes may be planned to assess the full-scale potential of the Aquila mineralised system.
The drill rig mobilised back to Mt Oxide following the completion of drilling at Wallace North and Salebury, within the Cloncurry Copper Project, in early August 2025. Assay results remain pending.
Managing Director Bevan Jones says the survey has expanded the company’s understanding of the Aquila mineralised system.
“What began as a single anomaly with limited strike extents is now emerging as a potential multi-kilometre-scale copper-cobalt-silver system,” Jones says.
“We’ve now defined three distinct, large-scale geophysical trends that have comparable or stronger anomalies than those that led to the Aquila discovery.
“Our next steps are clear and focused: we’ve completed first-pass drilling at the southern end of Apollo Trend and we’re finalising planning for an aggressive follow-up program across all newly defined extensions.”
Jones adds that the company is confident it can continue to deliver resource growth across the Mt Oxide Project.
The Mt Oxide Project is an advanced copper-silver-cobalt exploration asset with limited exploration beyond the Vero deposit.
Copper futures climbed above US$4.45 ($6.85) per pound on Monday, as reported by Trading Economics. Copper futures sat at US$4.46 per pound as of 10am AEST today.
True North Copper is a mineral explorer primarily focused on copper in Northwest Queensland.
Write to Aaliyah Rogan at Mining.com.au
Images: True North Copper
