True North Discovers Shallow Copper-Gold Mineralization at Cloncurry Project
2026-06-02 15:12
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en.Wedoany.com Reported - True North Copper (ASX: TNC) has discovered shallow copper-gold mineralization intervals during the exploration and resource expansion phase of its reverse circulation (RC) drilling program at the Cloncurry Copper Project (CCP) in northwest Queensland.

At the Copper Mine Creek and Great Australia Mine targets within the project, drilling highlights include: 10 meters at 0.88% copper and 0.15 g/t gold from 78 meters; and 13 meters at 0.38% copper and 0.08 g/t gold from 30 meters, including 1 meter at 2.01% copper and 0.47 g/t gold from 35 meters.

Other drilling intercepts include: 51 meters at 0.37% copper and 0.07 g/t gold from 133 meters, including 30 meters at 0.52% copper and 0.09 g/t gold from 154 meters.

Managing Director Andrew Mooney said the drilling results returned to date continue to support the company's broader strategic direction of building a robust and appropriately scaled Cloncurry Copper Project with a credible near-term development pathway.

The company added that these drilling results further confirm the potential for incremental resource growth within the existing Great Australia Mine resource base.

Additionally, True North Copper has completed diamond drilling for metallurgical and geotechnical testing, as well as resource confidence enhancement programs, to support future reserve conversion and a pre-feasibility study (PFS). Mooney said the program focuses on improving understanding of the orebody and resource confidence, testing near-mine resource growth opportunities, and conducting necessary metallurgical and geotechnical work to underpin subsequent reserve conversion and PFS studies.

With the completion of drilling at the Cloncurry Copper Project, the company is also awaiting upcoming RC drilling results from Wallace North and South. Subsequent drilling will target extensions of previously reported high-grade copper-gold intercepts and multiple new geophysical targets. The company stated that drilling results from Wallace North and South will be released in June and July, with metallurgical and geotechnical testing continuing through September.

True North Copper is an Australian copper company advancing a portfolio of assets in the Mt Isa region of northwest Queensland.

The company will participate in the RIU Gold Coast Investment Showcase, to be held June 11-12 at the JW Marriott Gold Coast Resort & Spa.

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