HIGHLIGHTS
COMMENT
True North Copper’s CEO and MD Bevan Jones, said:
“We are pleased to deliver an update to Vero’s contained resources, particularly an increase in silver, a metal which is currently seeing a supply-demand imbalance though demand in solar and other technology applications. This updated Resource also provides greater confidence in the deposit, following TNC’s first program of confirmatory drilling and a substantially updated geological model, which incorporates historic resource depletion by previous mining.
“We see exploration upside within reach of shallow drilling at Ivena, north of the Resource, and along a 10km section of the Dorman fault where we are actively exploring for satellite zones of mineralisation with the MIMDAS crew onsite completing the line at Camp Gossans. The survey team are now moving to the north to acquire the line over the Vero Deposits with the aim to identify drill targets at depth below the current resource.
We look forward to providing an update on our progress on these Mt Oxide exploration activities over the coming months.”
True North Copper is pleased to announce an updated JORC 2012 MRE for the Vero high-grade copper-silver deposit, prepared by Encompass Mining Pty Ltd (Encompass). This is the first MRE for Vero completed by TNC and follows the completion of 12 infill and extensional diamond drill holes completed by TNC in October 2023 and a geological model update1,2.
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