True North homes in on more hot Queensland copper | Australian Markets

Junior explorer True North Copper has found a plethora of new drill targets from its latest induced polarisation (IP) survey throughout its Aquila copper-silver-cobalt discovery, which is a component of the company’s Mt Oxide project about 140 kilometres north of Mt Isa in Queensland.

The company has wasted no time spinning the rods to see what the new targets can ship, with drilling underway to increase the mineralised footprint and check the total extent of the system.

Its infill and extensional IP survey was carried out to unearth additional targets at Aquila, the place spectacular drill outcomes from a reverse circulation drilling program indicated a new copper discovery zone.

Management says the new IP survey has prolonged the geophysical development at Aquila from 250 metres to a more than 1.3km strike size and coincides with floor mineralisation recognized on the web site. It notes success from a 2024 IP geophysical program that led to Aquila’s discovery, supplies a high-level of confidence in its exploration methodology.

Highlights of the Aquila discover comprised a sequence of thick, high-grade copper intervals, with a vital hit stretching 145m at 0.75 per cent copper, 0.12 per cent cobalt and a pair of.9 grams per tonne (g/t) silver from 28m. A bit of the intensive hit returned 53m going at 1.18 per cent copper, 0.13 per cent cobalt and three.6g/t silver from a depth of 86m.

Additional noteworthy outcomes embrace 30m at 2.45 per cent copper from a shallow 20m intercept, together with a stellar 10m slice grading 5.31 per cent copper from 31m, and 16m at 1.25 per cent copper from 163m. The purple steel was accompanied by smaller quantities of cobalt and silver.

The assays are from the primary three holes of the drill program, which kicked off in May.

The company believes a district-scale system is rising at Mt Oxide, with three newly outlined trends at its Aquila, Apollo and Acanthis deposits. Apollo and Acanthis every show comparable or stronger geophysical anomalies than these seen on the Aquila discovery.

Our latest IP survey has considerably expanded our understanding of the Aquila mineralised system, building on the distinctive drill outcomes we introduced in July. What started as a single anomaly with restricted strike extents is now rising as a potential multi-kilometre-scale copper-cobalt-silver system.

Jones stated the company is assured its systematic data-driven method will ship useful resource growth and create vital worth on the Mt Oxide project.

First-pass reverse circulation drilling has simply been knocked-over on the Apollo development’s southern finish, with 5 holes drilled for 1350m. Assays are due in November.

The drill rig not too long ago returned to Mt Oxide after hammering targets on the company’s Wallace North and Salebury prospects, half of its Cloncurry project, about 120km east of Mt Isa. Assay outcomes are pending.

Management engaged Australian Geophysical Services to finish a 5.6-line-km, seven-line IP survey at Aquila to increase and infill a Queensland Government-funded 2024 IP survey over regional Mt Oxide targets. The survey recognized Aquila as a high-priority coincident chargeability-conductivity goal.

The latest survey was designed to determine potential mineralisation beneath a sequence of leached gossan zones and to construct on the company’s understanding of the regional-scale structural and geological structure.

Aquila is sort of within shouting distance of the company’s Vero copper-silver-cobalt useful resource at Mt Oxide. Vero incorporates a stable 15.03 million tonnes grading 1.46 per cent copper for 220,000t of the purple steel and 10.59g/t silver to whole more than 5 million ounces. It additionally has a tidy 9.15Mt cobalt useful resource at a 0.23 per cent grade.

Mt Oxide is screaming to be examined by the drill bit, as exterior of Aquila and its intriguing Mt Gordon goal, the project’s different prospects have by no means been subjected to fashionable drilling tools.

The northern part of the Aquila development’s geophysical anomalies is linked to the historic Mt Gordon mine, which was in manufacturing in the Fifties and Nineteen Sixties. Historical data recommend 824t of ore from the mine produced 90.4t of copper, implying a grade of an astonishing 11 per cent.

Coincident anomalies close to the historic mine are related to a 110m-wide space of silica-hematite breccia, starting from much less than 1m to more than 10m in width. Channel sampling in the realm returned up to three.6m at 0.49 per cent copper, with the Aquila development remaining open to the north of the Mt Gordon mine. Mapped breccia models lengthen for a minimal of 520m.

Former ASX-listed Anaconda Nickel drilled a deep gap about 140m beneath the core of the IP anomaly on the Mt Gordon mine, returning 9.4m at 0.76 per cent copper from 301.1m, together with 1.7m going 2.85 per cent from 305.5m.

True North will now design plans for a sequence of optimally positioned drill holes to check the coincident geophysical and geochemical targets. It desires to validate the geophysical model and check for extensions of high-grade copper found at Aquila, alongside strike and at depth. The company can even conduct step-out drilling at Aquila, north and south of the invention zone.

With the Mt Oxide project kicking up a string of targets to check, together with its potential Cloncurry project that’s stated to have more than 101,000t of copper and 76,000 ounces of gold, True North Copper could also be one copper junior value watching.

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