Copper, Exploration/Development, Finance, News

Queensland all in on copper


True North Copper has received government funding to test highly prospective copper targets at Mt Oxide in Queensland.

The Queensland Government Collaborate Exploration Initiative grant totalled $300,000, which the explorer will put towards geophysical surveys.

MIMDAS induced polarisation, resistivity and magnetotellurics   have been selected to identify sulphide mineralisation, and to develop an improved understanding of the large-scale mineralised structure at the project.

Geophysical test work will target several highly prospective targets along strike from the Vero resource, including:

  • Camp Gossans: a 1.8km long trend of intermittently outcropping copper-cobalt-arsenic anomalous leached gossan breccias with a combined length of 500m and up to 16m wide
  • Ivena North: an undrilled and under-explored 900m long and up to 150m wide zone of steeply dipping, gossanous quartz-hematite breccias
  • Aquila and Mt Gordon: a 1.5km long and 250m wide zone adjacent to the Mt Gordon fault zone with similar structural setting to Capricorn Copper ore bodies.

The Vero resource contains a known 228,000 tonnes of copper, four million ounces of silver, and 21,000 tonnes of cobalt.

“Despite significant historical investment by previous Mt Oxide owners at the Vero resource, multiple prospects have never been systematically explored or drill tested,” True North managing director Marty Costello said.

“Our 2024 exploration program aims to further develop Vero and a number of high-quality priority exploration targets across the prospective, underexplored and phenomenally mineralised Mt Oxide project tenements.”

True North is also progressing its Cloncurry copper project in Queensland. The company recently secured a $5 million cash injection as it gears up for a big year of exploration.

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