Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Sun Summit Commences Drilling and Provides Exploration Update...
Apollo Silver Enters into Investor Relations Agreement
Stallion Uranium Announces the Completion of Coyote Project...
Pinnacle Arranges Non-Brokered Private Placement
Crypto Market Recap: Bitcoin Hits Record as Congress...
Silver Price at New Base, What Comes Next?...
Ted Butler: Silver’s Moment is Here, Time for...
Adrian Day: Gold Price Drivers Stacking Up, Any...
Gold Price Update: Q2 2025 in Review
AI Market Update: Q2 2025 in Review
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Investing

Geophysical Survey Highlights Growth Opportunities at Mt Oxide Project

by admin August 22, 2024
August 22, 2024
Geophysical Survey Highlights Growth Opportunities at Mt Oxide Project

True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to announce results from the ongoing geophysical survey at Vero and Camp Gossans, part of TNC’s Mt Oxide Project, 140km north of Mt Isa in Queensland. The survey has been supported by a $300,000 Queensland Government Collaborate Exploration Initiative (CEI) Grant.

HIGHLIGHTS

Two MIMDAS Induced Polarisation (IP) and Magnetotelluric (MT) lines successfully completed at Vero and at Camp Gossans which has highlighted a number of geophysical anomalies that are unexplored.At Vero the results demonstrate excellent correlation between the resource mineralisation and MIMDAS chargeability highs, providing confidence in the technique to identify targets in the district.Two chargeability high responses have been identified at Camp Gossans less than 100m beneath the outcropping geochemically anomalous Alpha and Beta Gossan targets.A third, undrilled chargeability anomaly was identified 250m northwest of Camp Gossans beneath a previously unmapped 400m long, northeast striking, hematite altered fault breccia at a new target called Black Marlin.A further 275m wide and up to 350m deep chargeability anomaly was identified 1km east of Vero.The geophysical survey continues and is currently focused on testing several highly promising copper targets north along strike of Vero at Ivena North, Aquila and Mt Gordon2.The new geophysics will be integrated with ongoing mapping and surface geochemical sampling campaigns to identify and prioritise future drill targets.

COMMENT

True North Copper’s Managing Director, Bevan Jones said:

Our exploration efforts at Mt Oxide are yielding great results. The recent survey, supported by the CEI grant, has yielded anomalies that closely match our existing Vero copper, silver, and cobalt resources, providing us confidence to use this method to identify new targets across the area.

Exciting new drilling targets have been identified at Camp Gossans and Vero and we have also found new potential mineralised structures like Black Marlin. The deep seeking MT survey at Vero has found an anomaly that suggests the main mineralised zone could extend more than 1km deeper than our current drilling. With multiple high quality drill targets coming together, our Mt Oxide Project is conceptually building into a potentially significant copper mineralised district of which Vero is just one deposit.

Mt Oxide MIMDAS Survey Results Summary

In late July 2024, TNC announced it had commenced its leading edge MIMDAS Induced Polarisation (IP), Resistivity and Magnetotellurics (MT) geophysical survey (MIMDAS survey) at Mt Oxide3. Partial funding for the survey was granted to TNC in Round 8 of the Collaborative Exploration Initiative (CEI), with TNC receiving $300k of funding to undertake the survey (Figure 7). The MIMDAS survey aims to test for sulphide mineralisation developed below numerous recently mapped leached gossan zones and build an improved understanding of the regional scale structural and geological architecture.

TNC is pleased to announce the results from the first two completed lines. One line for 2.5 line-km over the Cu-Ag-Co Vero Resource (Vero) (15.03Mt at 1.46% Cu & 10.59g/t Ag for a contained 220kt Cu & 5.13Moz Ag4 Indicated and Inferred resource and a separate 9.15 Mt at 0.23% Co total combined Measured, Indicated & Inferred resource5) and one line for 1.9 line-km over the highly prospective Camp Gossans prospect (Figure 2).

At Vero, there is excellent correlation between the Cu-Ag-Co resource mineralisation and MIMDAS chargeability, providing confidence to use this technique to identify targets throughout the district (Figure 2 & Figure 3). In addition to the anomalies associated with the resource, the survey has identified a 275m wide and up to 350m deep 25mV/V chargeability anomaly located 1km east of Vero. The chargeability anomaly is associated with mapped structures and potential splays of the regionally significant crustal scale Mt Gordon Fault.

Click here for the full ASX Release

This post appeared first on investingnews.com

previous post
A Guide to Investing in Physical Gold (Updated 2024)
next post
Top 10 Oil-producing Countries (Updated 2024)

You may also like

Ole Hansen: Gold, Silver, Copper, Oil — Prices,...

April 15, 2025

NorthStar Gaming Announces Results of Annual Meeting and...

June 3, 2025

Manindi Ti-V-Fe Discovery Delivers High-Grade Concentrates

May 16, 2025

Lithium Universe LtdAcquisition of Solar Panel Recycling Technology

June 18, 2025

US$200 Silver? 3 Experts Talk Price, Supply and...

May 20, 2025

Avrupa Minerals

September 20, 2024

Cobalt Price Forecast: Top Trends for Cobalt in...

January 22, 2025

Skyharbour Announces Closing of Option and Purchase Agreements...

February 11, 2025

Barrick Gold and Mali Reach Settlement, Ending Two...

February 21, 2025

Chris Vermeulen: Next Gold Targets and “Sweet Spot”...

December 17, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC’s Toodoggone District

      July 15, 2025
    • Apollo Silver Enters into Investor Relations Agreement

      July 15, 2025
    • Stallion Uranium Announces the Completion of Coyote Project 3D Gravity Inversion

      July 15, 2025
    • Pinnacle Arranges Non-Brokered Private Placement

      July 15, 2025
    • Crypto Market Recap: Bitcoin Hits Record as Congress Opens Debate on Regulatory Framework

      July 15, 2025
    Promotion Image

    banner ads

    Categories

    • Business (766)
    • Economy (829)
    • Investing (2,413)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved