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.

News Provided by TheNewsWire via QuoteMedia

IMCX:CC
Interra Copper

Interra Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Interra Copper (CSE:IMCX)

Interra Copper


Keep reading...Show less
Interra Copper Issues Letter to Shareholders

Interra Copper Issues Letter to Shareholders

Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to issue the following letter from its Chairman, President & Chief Executive Officer, Rick Gittleman, updating shareholders on the Company's plans for unlocking value from its assets while executing on a prudent yet strategic work plan in 2024.

To our fellow shareholders of Interra Copper Corp.,

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Interra Copper Announces Securities for Debt Settlement

Interra Copper Announces Securities for Debt Settlement

Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that it has entered into a securities for debt settlement agreement dated January 15, 2024 (the "Agreement") with a professional advisor of the Company.

Pursuant to the Agreement, the Company has agreed to settle debt in the amount of $34,723.05 through the issuance of 138,892 units (each, a "Unit") at a deemed price of $0.25 per Unit, whereby each Unit shall be comprised of one (1) common share in the capital of the Company (each a "Share") and one half (1/2) of one (1) Share purchase warrant (each whole, being a "Warrant"). Each Warrant will be convertible into an additional Share (a "Warrant Share") at an exercise price of $0.35 per Warrant Share and will expire on the date that is three (3) years following the date of issuance (the "Expiry Date"). The Expiry Date shall be subject to acceleration where the volume-weighted average trading price of the Company's common shares on the Canadian Securities Exchange is equal to or greater than $0.45 for a continuous 30-day period at any time after that date which is 4 months following their date of issue in which case the Expiry Date of the Warrants shall automatically accelerate and the Warrants will expire on that date which is 30 days after the date on which notice of such acceleration event is provided to the holder.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Interra Copper Announces Distribution of Securities for Debt Settlement

Interra Copper Announces Distribution of Securities for Debt Settlement

Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that, further to its news release of December 19, 2023, the Company has distributed an aggregate of 282,148 units (each, a "Unit") at a deemed price of $0.25 per Unit in connection with a securities for debt settlement agreement dated December 18, 2023 (the "Agreement") with a consultant of the Company, pursuant to which the Company has agreed to settle debt in the amount of $70,537.00.

Each Unit is comprised of one (1) common share in the capital of the Company (each a "Share") and one half (1/2) of one (1) Share purchase warrant (each whole, being a "Warrant"). Each Warrant is convertible into an additional Share (a "Warrant Share") at an exercise price of $0.35 per Warrant Share and will expire on the date that is three (3) years following the date of issuance (the "Expiry Date"). The Expiry Date is subject to acceleration where the volume-weighted average trading price of the Company's common shares on the CSE is equal to or greater than $0.45 for a continuous 30-day period at any time after that date which is four (4) months following the date of issuance, in which case the Expiry Date of the Warrants shall automatically accelerate and the Warrants will expire on that date which is 30 days after the date on which notice of such acceleration event is provided to the holder.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Interra Copper Closes Final Round of Flow-Through Private Placement Financing

Interra Copper Closes Final Round of Flow-Through Private Placement Financing

Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that, further to its news releases of December 7th, 15th, and 19th, 2023, it has closed the final round of its flow-through private placement financing issuing an aggregate of 880,000 flow-through shares of the Company (the "FT Shares", and each, an "FT Share") at a price of $0.29 per FT Share for aggregate gross proceeds of $255,200 (the "Final Round"). This Final Round was part of a larger offering, of which the first round closed December 15, 2023, at which time an aggregate of 3,041,397 flow-through shares of the Company were issued generating proceeds of $882,005 (the "First Round"). Together, the First Round and Final Round issuances have raised an aggregate of $1,137,205 in gross proceeds (the "Proceeds").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Interra Copper Announces Additional Flow-Through Share Issuances and Securities for Debt Settlement

Interra Copper Announces Additional Flow-Through Share Issuances and Securities for Debt Settlement

Interra Copper Corp. (CSE: IMCX) (FSE: 3MX) ("Interra" or the "Company") announces that, further to its news releases of December 7, 2023, and December 15, 2023, and due to additional demand for flow-through shares of the Company (each, an "FT Share"), the Company intends to issue a further 880,000 FT Shares at a price of $0.29 per FT Share on a non-brokered private placement basis for aggregate gross proceeds of $255,200 (the "Private Placement").

There are no warrants associated with the FT Shares and, subject to the receipt of all necessary regulatory and other approvals, the Company anticipates closing the Private Placement prior to yearend.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
1844 Closes Non-Brokered Private Placement of Units

1844 Closes Non-Brokered Private Placement of Units

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844"), is pleased to announce it has closed its previously announced non-brokered private placement of units (each, a "Unit"). At closing, the Company issued 14,117,500 Units at a price of $0.02 per Unit for aggregate gross proceeds of $282,350 (the "Unit Offering").

Each Unit is comprised of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.05 for a period of 36 months following closing of the Unit Offering.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Osisko Metals Grants Stock Options

Osisko Metals Grants Stock Options

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: 0B51 ) wishes to announce that the Company's Board of Directors have approved the grant of incentive stock options to directors, officers, employees and consultants to purchase up to an aggregate of 1,935,000 common shares in the capital stock of the Company. Grants are subject to a three-year vesting period and a five-year term at an exercise price of $0.155 per share.

About Osisko Metals

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS

WESTERN COPPER AND GOLD ANNOUNCES METALLURGICAL PROGRAM AND ASSOCIATED DRILL RESULTS

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces the launching of a metallurgical testing program (the "Metallurgical Program") for its wholly-owned Casino Copper-Gold Project (" Casino "). Fifteen composite samples were prepared from core acquired in 2023 (the "Drill Program"). Western's Technical and Sustainability Committee, comprised of members from Western, Rio Tinto Canada Inc. and Mitsubishi Materials Corporation, prepared the Drill and Metallurgical Programs.

Drill Program

The 2023 Drill Program consisted of seven holes for 2,244 m ranging from 130 m to 556 m in length. The drill holes were located inside the current pit boundaries and were selected to provide a range of grades, host rocks, and mineralogy for the Metallurgical Program (see Figure 1). The drill holes were also selected to convert indicated resource to measured.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Aston Bay and American West Metals Announce Geophysical Program Set to Begin at the Storm Copper Project, Canada

Aston Bay and American West Metals Announce Geophysical Program Set to Begin at the Storm Copper Project, Canada

Geophysical program designed to deliver a pipeline of priority drill targets for new copper discoveries

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to provide details on the upcoming geophysical surveys and exploration program at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. The program will be conducted by American West Metals Limited ("American West"), who is the operator of the Project. American West has completed the required expenditures to earn an undivided 80% interest in the Project. American West will be solely responsible for funding the program

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
WESTERN COPPER AND GOLD ANNOUNCES RIO TINTO EXERCISE OF THEIR ANTI DILUTION RIGHT

WESTERN COPPER AND GOLD ANNOUNCES RIO TINTO EXERCISE OF THEIR ANTI DILUTION RIGHT

western copper and gold corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) announces it has completed a private placement with Rio Tinto Canada Inc. ("Rio Tinto") pursuant to Rio Tinto's subscription rights as a result of the Company's recent private placement with the incoming CEO.

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

Rio Tinto acquired 239,528 common shares of the Company at a price of C$1.35 per share for proceeds of C$323,363 , allowing Rio Tinto to maintain its interest of approximately 9.7%.

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

SOURCE western copper and gold corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/25/c5284.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Awalé Hits 45.7 g/t Gold over 32m at the Odienné Project

Awalé Hits 45.7 g/t Gold over 32m at the Odienné Project

HIGHLIGHTS

  • 26 g/t gold over 57m, 1487 gram meters gold from 164m downhole in OEDD-83

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Interra Copper

Interra Copper Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×