True North Copper (ASX:TNC) has delivered the ‘best’ intercepts to date at the Mt Oxide Project in Queensland, which CEO Andrew Mooney says is “the kind of find an exploration geologist can spend a career looking for”.
The latest results from the Aquila prospect includes one of the “strongest copper intercepts reported this year” with 7m @ 7.90% copper and 13.7 grams per tonne silver from 134m, with these two hits underscoring the potential within the target.
End to end, hole MOX255 also returned 59m @ 1.77% copper, 0.04% cobalt, 5.2g/t silver, including 33m @ 2.83% copper, 0.02% cobalt, 7.8g/t silver from 134m.
Some of the other highlighted results from holes MOX256 and MOX258 include 8m @ 2.71% copper, 0.02% cobalt, 5.7g/t silver from 171m; and 26m @ 0.67% copper, 0.05% cobalt, 2.8g/t silver from 138m.
True North, which has a market capitalisation of $45.86 million, says the latest results extend the known mineralised strike by an additional 200m to the north.
The results confirm a total strike length of more than 700m with mineralisation remaining open in all directions, establishing Aquila as a ‘substantial’ mineral system comparable to other ‘significant’ deposits in the Mt Isa Inlier.
Mooney says discoveries of this grade and scale in the Mt Isa region are considered “rare”.
“Aquila appears to have the grade, scale, and continuity that we’ve long believed was repeated along the trend which already hosts the existing high-grade Vero resource,” he adds.
The phase two drilling program, comprising 26 holes for 7,047m, focused on testing the Aquila trend geophysical responses at shallow depth.
Assays for the remaining 12 holes for 3,313m are pending and will be released during this year.
In light of the latest results, True North plans to tackle an expanded drilling program in 2026 at the Mt Oxide Project, following up target extensions below the high-grade shoots and a new zone identified. This program is expected to take place in Q2 2026.
Mooney notes the company now has strike length delineated and new evidence of a “high-grade” shoot, as well as clear additional targets for the expanded drilling program in 2026, post the summer wet season.
Extensional induced polarisation (IP) surveys to the north and south of the currently defined Aquila, Apollo, and Acanthis trends will also be carried out, in conjunction with additional IP at the Rhea target during Q1 and Q2 2026.
True North says priority target zones along the Apollo and Acanthis trends remain untested. Results from the recently completed drilling program will inform the detailed design of the next drilling program on these parallel trends.
True North Copper is a mineral explorer focused on discovering new copper resources in Queensland.
Write to Aaliyah Rogan at Mining.com.au
Images: True North Copper
