What's Happening?
True North Copper has identified new drill targets at its Aquila discovery within the Mt Oxide Project in Queensland. This development follows an extension induced polarisation survey, revealing a geophysical trend from 250m to over 1.3km in strike length, coinciding with surface copper-cobalt-silver mineralisation. The company plans a systematic drilling program to test these new targets, aiming to expand the mineralised footprint and assess the full extent of the system. Recent results include significant copper, cobalt, and silver mineralisation, indicating potential for further discoveries. The drill rig has returned to Mt Oxide after completing drilling at Wallace North and Salebury, with assay results pending.
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Why It's Important?
The expansion of the Aquila discovery is significant for True North Copper as it could lead to increased resource growth and further exploration opportunities within the Mt Oxide Project. This development may enhance the company's market position and attract investment, given the rising copper futures prices. The discovery of new mineralised systems could bolster the company's portfolio and contribute to the broader copper industry, which is crucial for various sectors including technology and renewable energy. Stakeholders in the mining industry may benefit from increased supply and potential economic growth in the region.
What's Next?
True North Copper plans to initiate an aggressive follow-up drilling program across newly defined extensions. The company aims to test multiple targets along strike and at depth, potentially leading to further resource growth. The pending assay results from recent drilling activities will provide additional insights into the mineralisation and guide future exploration strategies. The company is focused on delivering resource growth and expanding its understanding of the Aquila mineralised system.
