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True North Copper found strong evidence of a large copper-gold deposit near Queensland, boosting its potential as a major new mine.
True North Copper has identified promising signs of a large iron oxide copper gold (IOCG) system near Queensland’s Ernest Henry mine, with drilling at Salebury revealing broad alteration, copper sulphide blebs, and pathfinder elements over 145 meters.
Higher-grade copper and gold intersections at Gully and Raleigh support a structurally controlled IOCG system extending over a kilometer.
The company plans deeper drilling to target gravity anomalies and confirm a sulphide-rich core, while advancing its strategy to restart a processing plant, explore toll-treatment options, and develop the Mt Oxide project.
With copper prices near record highs, the findings strengthen True North’s position as a potential key player in a major new IOCG discovery.
True North Copper encontró una fuerte evidencia de un gran depósito de cobre y oro cerca de Queensland, aumentando su potencial como una importante nueva mina.