en.Wedoany.com Reported - True North Copper (ASX:TNC) recently commenced drilling at the Wallace North copper-gold deposit within its Cloncurry copper project in Queensland. The aim is to expand near-mine resources, follow up on recent "high-grade" results, and provide critical technical input for development studies.
The scope of this drilling campaign is clear: it includes 6 diamond drill holes totaling 1,000 meters and 8 reverse circulation drill holes totaling 1,500 meters. This plan is based on excellent intercepts from last year's drilling, such as 9 meters @ 4.33% copper and 3.64 g/t gold from 108 meters. True North plans to use the drilling to obtain metallurgical and geotechnical data to support a Pre-Feasibility Study (PFS) in 2026, while also testing near-mine extensions and targets to further expand the open pit.
The exploration expansion will build on previous results from the Wallace East and Buena Vista prospects, for example, 5 meters @ 0.515% copper and 2.44 g/t gold from 51 meters. This drilling is expected to be completed by late April to early May, with assay results expected within 6 to 8 weeks thereafter. True North will concurrently advance metallurgical and geotechnical testing work to inform the geological, mining, and processing components of the PFS. Upon completion of this drilling, work will shift to Mt Oxide to follow up on last year's exploration activities.
Managing Director Andrew Mooney stated that commencing drilling at Wallace North is a key step in advancing the Cloncurry project. He emphasized that the program aims to strengthen and expand the high-grade resource base, with a focus on near-mine extensions, while simultaneously generating critical data to support future development studies. Mooney also noted that the Cloncurry system has significant exploration upside potential, with multiple near-infrastructure targets offering the possibility to expand the project's scale and enhance long-term economic benefits.
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