True North Copper drilling bites into significant copper-cobalt-silver system at Aquila

• First four holes in True North’s Phase 2 drilling extend Aquila mineralisation 400m north with strong grades
• Accessible copper-cobalt-silver zone now spans over 500m of strike at Aquila within the Mt Oxide project
• Phase 2 drilling on track for mid-November completion with assays pending for multiple holes

Special Report: True North Copper’s Mt Oxide project near Mt Isa in Queensland is shaping into a large-scale copper system after drilling extended mineralisation at the Aquila Trend by 400m to the north.

The extension was forged by the first four of sixteen holes totalling 4338m, drilled along 900m of the 1330m trend as part of the extended Phase 2 drill program, following up the initial Aquila discovery.

This takes the accessible zone of shallow copper-silver-cobalt mineralisation along the Aquila Trend to over 500m of strike, confirming the strong continuity of mineralisation and potential for major growth at Mt Oxide.

Notable assays from the first four holes drilled by True North Copper (ASX:TNC) include:

• 103m grading 0.53% copper, 0.1% cobalt and 2.6g/t silver from a down-hole depth of 19m, including 10m at 1.76% copper, 0.3% cobalt and 6.7g/t silver from 106m (MOX251); and
• 72m at 0.55% copper, 0.16% cobalt and 5.6g/t silver from 124m, including 5m at 1.68% copper, 0.19% cobalt and 11.1g/t silver from 136m and 5m at 1.24% copper, 0.37% cobalt and 10.3g/t silver (MOX252).

Hole MOX251 was drilled 300m to the north of discovery intercepts, which previously recorded 30m at 2.45% copper, 0.02% cobalt and 6.2g/t silver from 20m (MOX233). MOX252 sits 400m to the north.

The new results strengthen the company’s understanding of the system, providing a clear framework to target additional discoveries along the trend and vector towards mineralisation at depth.

“Mt Oxide continues to deliver. Extending mineralisation to more than 500 metres along the Aquila Trend, with further assay results pending from the Phase 2 drilling program, confirms we’re uncovering a significant new copper-cobalt-silver system with great grade, real scale and growth potential,” managing director Andrew Mooney said.

“While these results give 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.

“Maintaining that growth focus will ensure we do not constrain what could become a transformational discovery for True North and its shareholders.”

Mt Oxide project

Mt Oxide is an emerging copper-cobalt-silver system built on the existing Vero resource of 15.03Mt at 1.46% copper and 10.59g/t silver and 9.15Mt at 0.23% cobalt along with the Aquila discovery.

It has not been systematically explored for the past 20 years despite its location in the Mt Isa Inlier, just 20km to the south of the 29Metals (ASX:29M) processing facility at Capricorn Copper.

Systematic exploration by TNC is unlocking multiple shallow and high-priority targets along a 10km mineralised corridor.

Watch: Andrew Mooney to guide True North copper-gold growth

These include the Apollo and Acanthis induced polarisation anomalies.

Drilling at the project is currently focused on defining the northern and southern extents of the Aquila mineralised corridor, though holes will also be drilled at the other two prospects.

Assays are currently pending for two shallow holes at the most northern extent of the current Phase 2 program.

Should these be successful, they will extend the Aquila mineral trend by about 150m north of MOX252, taking the defined strike up to about 700m.

Phase 2 drilling remains on schedule for completion in mid-November 2025.

This article was developed in collaboration with True North Copper, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.