Enhanced Copper-Silver Resource at Vero within Mt Oxide Project

Aug 09, 2024

True North Copper Limited (ASX: TNC) has updated the Copper-Silver Mineral Resource estimate for its 100%-owned Vero deposit within the Mt Oxide Project in Queensland. The new estimate, compliant with JORC 2012, includes 15.03 million tonnes at 1.46% copper and 10.59 g/t silver, totaling 220,000 tonnes of copper and 5.13 million ounces of silver, marking a 20% increase in silver ounces. The updated resource reflects a minimal 3% decrease in copper metal tonnes after reassessing underground mine voids and enhancing the geological model based on 2023 confirmatory drilling. Additionally, revised geotechnical and metallurgical studies will provide information on Vero's potential mining options. The ongoing MIMDAS IP program at Mt Oxide aims to identify drill targets for further resource expansion at depth.

 

 

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