Vero Resource, Mt Oxide Developments
True North Copper Limited (TNC) reports significant progress in its diamond drilling program at Vero Resource, Mt Oxide, which concluded in October 2023 with a total of 3,955m drilled. Initial drilling data looks promising:
– MOXD217, the first drillhole, intersected 66.5m at 4.95% Cu, which was made public in August 2023.
– MOXD218, MOXD219, and MOXD221 have confirmed that Vero Resource possesses extensive high-grade copper-cobalt-silver mineralization. One notable data point includes an intersection yielding 7.65% Cu over a stretch of 4m.
The comprehensive results of the Vero Resource drilling program are slated for release in Q4 2023.
Copper Sulphate Production at Cloncurry Project
Following the successful refurbishment and commissioning of the SX Crystal Plant, copper sulphate production began in earnest. TNC reports the sale of 25.6 tons of copper, generating revenue of AUD $350k. Despite 35 days of halted operations for crusher maintenance and repairs, production is expected to reach optimum levels soon. TNC projects a Q4 2023 output ranging from 160t to 300t of copper metal, given the increasing material under leach and consistent operational enhancements.
Updates on Great Australia Mine
Exploratory work at the Great Australia Mine has led to the discovery of an extension of a down-dip feeder to mineralization situated beneath the mine pit, showcasing significant intersections of copper mineralization.