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True North Copper (ASX: $TNC) announces anomalous copper-cobalt zones at Camp Gossans

True North Copper (ASX: $TNC) announces anomalous copper-cobalt zones at Camp Gossans


True North Copper Limited (ASX: $TNC) has reported strongly anomalous copper-cobalt zones from a systematic mapping and rock chip campaign at the Camp Gossans prospect, which is part of the larger Dorman Fault Mineral System. Camp Gossans, located 1.2km along strike from the Vero Resource at TNC's Mt Oxide Project, has shown potential for a large-scale deposit indicated from mapped strike length and widths of mineralisation.

Executive Commentary from True North Copper's Managing Director, Marty Costello


Camp Gossans is a high priority 2024 exploration target at our Mt Oxide Project. We believe it holds exceptional discovery potential. Mapping and rock chip sampling identified highly anomalous copper and cobalt zones. The footprint and geochemical results at Camp Gossans are also similar in size, mineralisation style and geochemical anomalism to the discovery outcrops at Esperanza and Esperanza South, which have produced significant copper at the Capricorn Copper Project that lies 25kms to the south. Despite significant historical investment by previous Mt Oxide owners at the Vero Resource, multiple prospects including Camp Gossans, have never been systematically explored or drill tested. Camp Gossans is now a confirmed TNC priority for geophysics programs and drilling in 2024. We look forward to sharing our progress and achievements as we venture into this exciting and transformative phase of production, development and exploration including commencing mining operations at our Cloncurry Copper Project, advancing our 2024 exploration program and developing Mt Oxide into our next mine.

Summary of Results and Outlook


True North Copper's systematic mapping and rock chip campaign at the Camp Gossans prospect have revealed strongly anomalous copper-cobalt zones, indicating the potential for a large-scale deposit. The company's 2024 exploration program aims to further unlock Mt Oxide's underexplored, high-quality targets and potential beyond Vero, including the more than 10km trend along the Dorman fault zone with intermittently outcropping gossanous/silica breccias. The results from Camp Gossans have confirmed it as a priority for geophysics programs and drilling in 2024, and the company looks forward to advancing its exploration program and developing Mt Oxide into its next mine.

TRUE NORTH COPPER LIMITED
TNC | ASX | Materials
0.055-0.001(-1.79%)
At close 05/07 (AEDT)
Market cap
$57.7M
Volume
1,548,220
DY Yield
0
PE Ratio
0
52 Week Range
0.043 - 0.266
1YR Return
N / A

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