Interra Copper

Overview

As experts forecast an explosion in demand for copper and the reality of securing mines becomes increasingly difficult, the copper industry is on track to face a global supply gap ranging from 4.7 to 10 million tons by 2030.

Driven by the global shift towards environmental sustainability, the widespread adoption of renewable energy, electric vehicles and electric motors has catalyzed the growth in demand for copper materials used in its machinery. Overall demand for copper is estimated to increase by 12 to 15 percent. What does this mean? Canadian investors and mining companies may be sitting on a goldmine of opportunity — or, in this case, a copper mine.

Interra Copper (CSE:IMCX, OTCQB:IMIMF, FRA:3MX) is a Canadian mineral exploration and development company focused on exploring, identifying and acquiring copper and is dedicated to increasing shareholder value through the technical advancements of its assets. Led by a highly experienced management team, the company’s drilling exploration program is fully funded and will begin in July.

“We have identified high priority zones defined by IP chargeability highs with supporting copper and gold mineralization from both soil and rock samples, and we are excited to be able to test the depth potential of these targets by diamond drilling this summer,” said David McMillan, interim CEO of Interra Copper.

Producing more than 50 percent of the copper supply in Canada in 2019, British Columbia is arguably the most attractive market for copper in Canada. Interra Copper has focused all its efforts on its flagship Thane property, which is situated in the Quesnel Terrane region of British Columbia.

The Quesnel Terrane has an impressive past and planned production of 50 billion pounds of copper and 28 million ounces of gold. With relatively low exploration, the Thane property is near 16 productive and/or development stage mining projects which have historically produced significant yields. Third-party data identifying six mineralized areas suggests promising copper, gold, and silver contents in the 200 square kilometre property. The Thane property is fully owned by Interra Copper (subject to a one percent NSR).

Accelerating the process of obtaining reliable geochemical results, Interra Copper plans to utilize a portable XRF — a device that can immediately quantify and qualify elements in a sample such as copper — expediting informed planning regarding drilling expansion beyond its 8 already planned drill holes. Prioritizing in-depth analysis and thoroughness, Interra Copper will submit samples to ALS laboratories for additional multi-element and gold analysis. Streamlining its operations, Interra Copper also plans to deliver accurate sample results to investors in less than six months.

Interra Copper’s management team is well-primed for success given their experience and accomplishments in both the mining and exploration and the corporate sector.

Independent Director Jason Nickel is a mining engineer, investor, and entrepreneur with 25 years of experience. Nickel recently led the production and development of new underground and pit operations as Mine Manager for an emerging Canadian producer.

Chairman to the Board of Directors Gregory Hawkins is a certified professional geoscientist with 52 years of experience in the industry. Hawkins was previously responsible for the identification and/or delineation of 10 mineral deposits in multiple countries with seven deposits taken to production.

Director, President and Interim CEO David McMillan has been involved in the mining and finance industry for over 40 years. McMillan has held several directors and executive roles for both public and private companies.

Company Highlights

• Interra Copper’s flagship Thane project is located in the Quesnel Terrane region in British Columbia where past and planned production of copper is estimated at 50 billion pounds in the region.
• The Thane project, set to begin in July, is strategically located in an area of relatively low exploration and near multiple mines which have historically produced significant yields. Third-party data identifying six mineralized areas suggests promising copper, gold, and silver contents in the 200 square kilometre property.
• Interra Copper plans to use portable XRF machines to accelerate planning and decision-making regarding drilling sites.
• The Thane project is fully funded and fully owned by Interra Copper (subject to a one percent NSR).
• Interra Copper boasts an experienced management team with several decades of experience in mining, exploration and business and notable achievements in their respective industries.
• Interra Copper acquired the Chuck Creek Property that borders major VMS Project, located in Central British Columbia