True North Copper (ASX:TNC) CEO Andrew Mooney says the company is uncovering a new copper-cobalt-silver system with “great grade, real scale, and growth potential” at the Mt Oxide Project in Queensland.
Further drilling at the Acanthis and Apollo trends is planned, as part of an ongoing phase two drill program. The program is scheduled to be completed in mid-November 2025, weather permitting.
This news comes after True North received assay results, which demonstrated drillholes extending the mineralised system 400m to the north. The company says this zone of shallow copper-silver-cobalt mineralisation now spans more than 500m of strike length.
Mooney notes that extending mineralisation to more than 500m along the Aquilla Trend, with first assay results pending from the program confirms the company is uncovering a new system.
“With these results gives us confidence to start thinking about what project development at Mt Oxide could look like in future, our priority remains on realising the full exploration potential,” he says.
Some of the latest results include 103m @ 0.53% copper, 0.1% cobalt, 2.6 grams per tonne silver from 19m and 5m @ 1.68% copper, 0.19% cobalt, 11.1g/t silver from 136m.
True North says the results highlight the cohesive mineralised system that remains open along strike and at depth, reinforcing the broader district-scale potential within the major structural corridors of the Mt Oxide Project.
Results from two shallow holes at the most northern extent of the current phase two program are pending.
True North says if successful, these will extend the Aquilla mineral trend by 150m north of hole MOX252 to around 700m of defined strike.
Further results from holes completed to the south are pending and are expected to extend the defined mineralisation to 900m from north to south. Assay results from these additional holes along 900m of the 1.3km-long Aquilla Trend will be reported as they are received through this month.
The Mt Oxide Project contains a resource estimate of 220,000 tonnes of copper, 5.13 million ounces of silver, and 21,200 tones of cobalt.
True North Copper is an Australian mineral explorer focused on growing Queensland’s next major copper resource.
Write to Aaliyah Rogan at Mining.com.au
Images: True North Copper
