Copper, Exploration/Development, News

True North hits a 14 per cent copper grade


Copper producer True North Copper has received impressive copper and gold drilling results during an exploration campaign at Cloncurry, Queensland.

Most significantly, a one metre intercept yielded an impressive 14.05 per cent copper and 25.7 grams per tonne (g/t) gold, taken from a relatively shallow depth of 29m.

Other hits include a 17m intercept of 2.64 per cent copper and 2.70g/t gold from a depth of 47m. This included 3m of 10.31 per cent copper and 13.48g/t gold.

True North is targeting Wallace North for near-term copper production, and these latest results seem to validate that position.

“These initial results confirm and, in some cases, exceed expected grades from comparisons to the current resource model,” True North managing director Marty Costello said. “Not only do they indicate the potential to increase grade within the existing block model but also the potential to increase the overall resource.

“With the return of all assays by the end of November 2023, mine optimisation and metallurgical studies will commence. These studies will assess the possibility of producing a copper-gold concentrate and will be finalised Q1 2024.”

True North commenced copper sulphate production at it’s broader Cloncurry operations in the second half of the year, and expects to ramp up to commercial production levels in the current quarter.

True North sold roughly 25,600 tonnes of copper for $350,000 over the September quarter, with the miner’s plant out of action for 35 days.

The company a forecast production rate of 160,000 to 300,000 tonnes of copper for the December quarter

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