True North Copper aims to start a new chapter of discovery within the Mount Oxide district with a leading-edge geophysical survey, according to managing director Bevan Jones.

The company has commenced a MIMDAS induced polarisation, resistivity and magnetotellurics survey, partially funded by a $300,000 Queensland Government Collaborate Exploration Initiative (CEI) grant.

The 26.5 line km survey covers highly prospective copper-bearing leached gossans mapped along strike of True North’s Vero resource, including Camp Gossans, Ivena North, Aquila and Mount Gordon.

“TNC has been actively exploring and building the cursory work on multiple prospects across our tenements that are yet to be systematically explored and drill-tested,” Mr Jones said.

“Having received a CEI grant for this work highlights the prospectivity of the Mount Oxide project area and the potential for new critical metal discoveries.

“Our survey at Mount Oxide aims to commence a new chapter of discovery within the Mount Oxide district.

“The testing for geophysical signatures below multiple zones of outcropping gossans with strong similarities to those associated with orebodies at the nearby 29Metals Capricorn Copper district is the next stage in defining and prioritising drill targets to test in upcoming programs envisioned for this year.”

Related: Boost for True North’s Vero copper search

MIMDAS is a deep-seeking Induced Polarisation (IP) and Magnetotelluric (MT) geophysical data acquisition system originally developed by Mount Isa Mines.

True North said it selected the MIMDAS system for its ability to identify massive and disseminated sulphide mineralisation and map large-scale structural architecture that controls mineralisation at depth.

The Vero resource at Mount Oxide, 140km north of Mount Isa, stands at 15.98Mt at 1.43 per cent copper and 6.91g/t silver. Vero has a separate cobalt resource standing at 9.15Mt at 0.23 per cent.

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