Interra Copper Corp. Announces Project Update on its Thane Copper/Gold Property

Interra Copper Corp. Announces Project Update on its Thane Copper/Gold Property

(TheNewswire)

Interra Copper Corp.

Located in Quesnel Terrane, the Thane Property covers 206 square km.

  • Six areas with significant copper mineralization

  • Additional areas of high-grade silver and gold mineralization

  • Numerous geophysical anomalies identified

  • Anomalous copper-in-silt samples on key areas

  • Blue sky potential

Vancouver, BC – TheNewswire – June 28, 2022 - Interra Copper Corp. (CSE:IMCX) (OTC:IMIMF) (FRA:3MX) (" Interra " or the " Company ")  has received the final report from the 2021 work program undertaken on its 100% owned, 20,658 ha Thane Property, located in north-central BC.  The report summarizes the results from the diamond drilling, Induced Polarization ("IP"), geological mapping, rock and soil sampling studies and includes interpretations and recommendations for future work.  Diamond drilling and core analysis targeted the Cathedral Area, which is one of eight high priority targets on the Property.  In addition to the Cathedral Area, geological mapping, IP surveying, rock and soil sampling was also undertaken at the Gail and Mat Areas.

Key interpretations from the report include:

  • Geological mapping at the Gail Area has identified four plutonic suites, which include (from oldest to youngest): Thane Creek suite (207 and 194Ma), Duckling Creek suite (182 and 175 Ma), Osilinka suite (maximim emplacement 160Ma) and the Mesilinka suite (135 to 128Ma);

  • The Re-Os date of (202.8 +/-0.8Ma) from molybdenite from the Gail Showing is within the alkalic porphyry Cu-Au age of mineralization cluster of 205-200Ma observed within porphyries located throughout British Columbia;

  • Results from drilling provide further evidence of north-south trending zones of copper-gold mineralization with calc-potassic to peripheral outer propylitic hydrothermal alteration assemblages relate to a structurally controlled moderately westward tilted Alkalic porphyry system; and

  • A significant increase in epidote and quartz-epidote veins and fracture intensity containing low-grade copper mineralization overprints calc-potassic and inner propylitic alteration within the Cathedral South area. This increase corresponds to a broad increase in both Au/Cu and Cu/Mo ratios not seen in other areas of the property and could be a potential vector to an outer stockwork around the central quartz-rich stockwork at depth in the western area of the Cathedral South area. Additionally, a massive magnetite breccia within the ARC Showing, located approximately 350m southwest of the Cathedral South drill hole (TH21-4), contains significate copper, gold and silver mineralization.  Sampling of this structure in 2017 returned 11.1% Cu, 2.77g/t Au and 29.20 g/t Ag (Gordon et al, 2018).

  • Key recommendations from the report include:

  • Geological mapping, rock sampling and geophysical surveys within the central region of the Property, which includes current prospects at the Cirque, Ootes, Gail and CJL areas, to develop to drill ready status.  At the Cirque area, rock sampling in 2020 returned 77.8 g/t Au from a 12 cm wide quartz vein (Naas et al, 2020).  At the CJL area, historical rock sampling has returned up to 9.51% Cu, 28.9 g/t Ag and 680 ppm Mo (Naas, 2016);

  • A total of 2,000m of drilling is an ideal minimum in order to properly test structurally controlled mineralization and westerly tilt porphyry potential in the west, southwest and northwestern areas of the Cathedral South area; and

  • To assist in the understanding of the deposit, electron microprobe and laser ablation inductively-coupled plasma mass spectrometry of chlorite has been recommended in addition to a Sulphur isotope zonation study.  These are new tools that have been developed and have demonstrated success in defining the limits of porphyry systems and should help in identifying Thane property's next priority drill hole locations

Exploration work on the Property for the 2022 field season will focus on developing new drill targets in the central region, which hosts the Gail, Aten, Cirque, Ootes and CJL Showings. Work is planned to include IP surveying, geological mapping, rock and soil sampling, to further this area towards a most effective drill-ready stage.

"The company maintains and elaborates on the six high-priority targets that have been previously generated at the 200 sq-km Thane project.  Re-focussing efforts at Cathedral area and solid geoscience data-backed planning for upcoming maiden drill programs at the Gail-Aten-CJL areas are the current objectives and status of the project" states J. Nickel, Interra CEO and Director.

The scientific and technical information disclosed in this news release was reviewed, verified and approved by Christopher O. Naas, P. Geo., who is a "Qualified Person" as defined in N.I. 43-101 regulations.

This current Thane Technical Report can be viewed at:

https://interracopper.com/site/assets/files/5737/report-2021_exploration_thane_property_2021_03-28.pdf

ON BEHALF OF Interra Copper CORP.

Jason Nickel, P.Eng.

Chief Executive Officer

Telephone: +1-604-754-7986

Email: CEO@interracopper.com

INVESTOR RELATIONS:


Email: invest@interracopper.com

Telephone: +1-604-999-5546

Website: https://interracopper.com

ABOUT Interra Copper CORP.

Interra is a junior exploration and development company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia. Utilizing its heavily experienced management team, Interra continues to source and evaluate assets to further generate shareholder value.

The Thane Property covers approximately 206 km 2 (50,904 acres) and is located in the Quesnel Terrane geological belt of north-central British Columbia, midway between the previously-operated open pit Kemess Mine and the current open pit Mount Milligan mine, both two copper-gold porphyry deposits. The Thane Property includes several highly prospective mineralized areas identified to date, including the ‘Cathedral Area' on which the Company's exploration is currently focused.

Forward-Looking Statements: This press release contains "forward looking information or statements" within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to the Consolidation and the receipt of any required regulatory approvals thereto. All statements in this release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties, and assumptions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. The Company does not undertake to update forward looking statements or forward looking information, except as required by law.

Copyright (c) 2022 TheNewswire - All rights reserved.

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Sydney, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to report the acquisition of a Boart Longyear LM90 underground drill rig, in line with its stated strategy to advance exploration drill works at the high-grade Reward gold mine.

HIGHLIGHTS

- Vertex has acquired a Boart Longyear LM90 underground drill rig to advance exploration at the Reward gold mine below the existing resource

- The Vertex team are planning diamond drill programs for the following:

o Below the current JORC-2012 Reward Resource (see drill collar locations on Figure 1), with the aim of expanding upon the existing resource

o Fosters Exploration Target, and the South Star prospect area

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o The ability to work on surface and underground

o Safe, Semi-automated, with a rod-handler system which allows for less manual handling

o Allows greater flexibility in drilling over a number of resource and exploration areas

o LM 90 rigs are well-established in the industry as safe and reliable underground drill rigs

- Vertex acquiring its own rig has many advantages

o Per-metre drill costs will be significantly less than hiring an external drill contractor

o More control and accuracy over precision of drilling.

o Works well with Job sharing

o Reduces pressure on Mining crew to have drill cuddy availability

o The LM90 rig will be accounted for as an asset on the Vertex balance sheet

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LONGYEAR LM90 UNDERGROUND DRILL RIG - KEY FEATURES

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1. REVERSIBLE FEED CYLINDER

The feed cylinder is reversible which increases up-hole drilling capacity.

2. SEMI-AUTOMATED ROD HANDLING

Semi-automated rod handler (optional) makes handling of rods safer and easier.

3. HIGH TORQUE BREAKOUT

Automated high torque breakout device breaks most rod joints automatically.

4. FAIL SAFE ROD CLAMP

Hydraulic open and spring close rod clamp resultsin failsafe operation.

5. LOAD SENSING HYDRAULICS

Load sensing hydraulics maximize efficiency and reduce heat.

6. PROPORTIONAL CONTROLS

Proportional controls and lock levers provide optimum control of rpm and feed.

7. DIRECT COUPLED FEED FRAME

Direct coupled feed frame resultsin lower maintenance and smoother feed transmission

Combined Mineral Resource Estimate (MRE) for the Reward gold deposit at Hill End stands at 419,000 tonnes at 16.72g/t Au for 225,200oz Au (VTX Announcement 21 June 2023)

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8DG26OB8



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Western Copper and Gold Corporation logo (CNW Group/Western Copper and Gold Corporation)

"I am pleased with the progress made during my tenure as Interim Chairman," said Bill Williams . "With Ray's extensive background in project development, construction, and executive management, I am confident he is the right person to lead the Board moving forward".

"I am excited to step into the role of Chairman and to lead the Board during this pivotal time for Western," said Raymond Threlkeld . "I look forward to collaborating with my fellow directors and management to unlock the full potential of the Casino Project".

ABOUT western copper and gold corporation

western copper and gold corporation is developing the Casino Project, Canada's premier copper-gold mine in the Yukon Territory and one of the most economic greenfield copper-gold mining projects in the world.

The Company is committed to working collaboratively with our First Nations and local communities to progress the Casino project, using internationally recognized responsible mining technologies and practices.

For more information, visit www.westerncopperandgold.com .

On behalf of the board,

"Sandeep Singh"

Sandeep Singh
Chief Executive Officer
western copper and gold corporation

Cautionary Disclaimer Regarding Forward-Looking Statements and Information

This news release contains certain forward-looking statements concerning anticipated developments in Western's operations in future periods. Statements that are not historical fact are "forward-looking statements" as that term is defined in the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" as that term is defined in National Instrument 51-102 ("NI 51-102") of the Canadian Securities Administrators (collectively, "forward-looking statements"). Certain forward-looking information should also be considered future-oriented financial information ("FOFI") as that term is defined in NI 51-102. The purpose of disclosing FOFI is to provide a general overview of management's expectations regarding the anticipated results of operations and capital expenditures and readers are cautioned that FOFI may not be appropriate for other purposes. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. These forward-looking statements may include, but are not limited to, statements regarding: mineral resource and reserve estimation; mine plan and operations; internal rate of return; sensitivities; net present value; potential recoveries; design parameters; economic potential; processing mineralized material; the potential of robust economics at Casino ; advancing the Project through additional engineering and towards the next step in permitting and submission of an environmental and socio-economic effects statement; key changes to the TMF design; increases to the gold recovery in the heap leach; potential economic returns from the Project; estimated initial capital investment costs; estimated operating costs; estimated mining costs; development of the airstrip and all weather access road; anticipated concentrate handling service charges; developing and operating the Project in a safe, ethical and socially-responsible manner; plans for further development and securing the required permits and licenses for further studies to consider operation; market price of precious and base metals; or other statements that are not statement of fact. The material factors or assumptions used to develop forward-looking statements include prevailing and projected market prices and foreign exchange rates, exploration estimates and results, continued availability of capital and financing, construction and operations, the Company not experiencing unforeseen delays, unexpected geological or other effects, equipment failures, permitting delays, and general economic, market or business conditions and as more specifically disclosed throughout this document, and in the AIF and Form 40-F.

Forward-looking statements are statements about the future and are inherently uncertain, and actual results, performance or achievements of Western and its subsidiaries may differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements due to a variety of risks, uncertainties and other factors. Such risks and other factors include, among others, risks involved in fluctuations in gold, copper and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; risks related to joint venture operations; risks related to cooperation of government agencies and First Nations in the development of the property and the issuance of required permits; risks related to the need to obtain additional financing to develop the property and uncertainty as to the availability and terms of future financing; the possibility of delay in construction projects and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risks and uncertainties disclosed in Western's AIF and Form 40-F, and other information released by Western and filed with the applicable regulatory agencies.

Western's forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made, and Western does not assume, and expressly disclaims, any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/western-copper-and-gold-appoints-raymond-threlkeld-as-chairman-302260782.html

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2024/27/c3353.html

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(TheNewswire)

Grid Battery Metals Inc..

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CEO Matt Badiali said, "Princeton is the project that originally convinced us to create Quetzal Copper. It checks all the boxes for a potential home run project: next to an operating mine, high-grades in historic samples, and drive-up/drive-home targets. Despite being next to a world-class mine, the key targets remain undrilled and present an exciting opportunity for Quetzal shareholders. Historically, the targets were spread over a series of mining claims, worked independently. We are thrilled to have all the claims united now and are moving rapidly to commence drilling a soon as we can."

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