Interra Acquires the Stellar Property and Solidifies Dominant Land Position Within the Bulkley Copper Porphyry Belt
CSE: IMCX WWW.INTERRACOPPERCORP.COM
INTERRA ACQUIRES THE STELLAR PROPERTY AND SOLIDIFIES DOMINANT LAND
POSITION WITHIN THE BULKLEY COPPER PORPHYRY BELT
Dec 16, 2024, VANCOUVER, British Columbia – Interra Copper Corp. ( CSE: IMCX; OTCQB: IMIMF;
FRA: 3MX ) (“Interra” or the “ Company”) is pleased to announce that it has acquired the Stellar
Property (“Stellar”, or the “Property”), comprising mineral tenures that cover 5,389 hectares (“ha”) of
prospective ground within the Bulkley Porphyry Belt in northern British Columbia, Canada (Figure 1).
Brian Thurston, President & CEO of Interra, comments: “Interra management believe that the Bulkley
Porphyry Belt is underappreciated amongst British Columbia ’s prodigious porphyry districts, and we are
excited to now have three very promising properties within the belt. Relative to other porphyry districts the
Bulkley Porphyry Belt, which includes Imperial Metals ’ past producing Huckelberry Cu -Mo mine, boasts
proximity to infrastructure, easy access, and subdued topography. In other words, it is relatively easy and
cost effective to explore. With today’s acquisition of the Stellar Property and the pending completion of the
Stars Property acquisition, Interra has assembled a dominant land position in the belt with three properties
covering 19,852 ha that will be owned or optioned by the Company. We are eagerly awaiting the 2025
exploration season when we plan to advance each of these exciting properties.”
Highlights of the Stellar Property:
• 5,389 ha of highly prospective ground within the Bulkley Porphyry Belt, including 10 British
Columbia Minfile mineral showings (Figure 1).
• The Cassiopeia geophysical anomaly (Figure 1 ): a 2.5 km diameter circular magnetic
anomaly with a classic porphyry-related pattern of a high magnetic intensity ring cored by
a magnetic low. The anomaly was identified during a 2018 airborne geophysical survey in an
area that has no record of previous or subsequent exploration.
• The Jewelry Box area (Figure 1): approximately 5 x 3 km area that is host to eight BC Minfile
mineral showings associated with Hazelton Group volcanic and sedimentary rock s intruded
by porphyritic stocks. Mineralization includes locally high-grade gold (“Au”) (nil – 42 grams
per ton [“g/t”]), silver (“Ag”) (nil – 4,860 g/t) and copper (“Cu”) (nil – 36%) (Table 1). Interra
considers this cluster of mineralized zones to be underexplored for porphyry Cu-Au potential.
• Historical exploration (ca. 1965 – 2021) including 1,223 metres (“m”) of diamond drilling in 8
drill holes, 3 induced polarization surveys (“ IP”), and 2 high -resolution airborne magnetic
surveys. Aurwest Resources Corp. conducted the most recent (2021) exploration on the
property, with a $743,978 expenditure on extensive geochemical and IP surveying. The results
of the surveys were interpreted to confirm porphyry Cu-Au potential on the Property.
Figure 1 Location and Claim Map of the Stellar and Stars Properties with Mineral Showings and Prospective Areas
The Stellar Property
The Stellar Property comprises 22 mineral tenures covering 5,388.66 ha within the Omineca Mining
district of northern British Columbia, Canada. It is contiguous with and located to the northeast of
the Stars Property (Figure 1), which Interra has entered into a mineral claims purchase agreement to
acquire a 100% interest in (see news release dated October 7, 2024 ). The southern portion of the
Stellar Property can be accessed from the community of Huston via a network of logging roads and
the northeastern portion of the property can be accessed via a maintained ATV trail. The community
of Huston is approximately 25 kilometres (“ km”) east of Stellar and Smithers is approximately 40 km
to the north.
The Stellar Property is underlain by Hazelton Group volcanic and sedimentary rocks , which host at
least two Cretaceous intrusive bodies and are cut by north -south oriented faults. Mineralization is
best described in the Jewelry Box area where exploration predates the 1960’s when Phelps Dodge
conducted extensive bulldozer trenching. The mineralization appears to be focused near the contacts
between intrusive bodies and volcanic and sedimentary rock. It includes bornite, chalcopyrite,
tetrahedrite, chalcocite , malachite and azurite in quartz veins and stringers , as well as in local
disseminations or massive sulfide lenses. High grade historical* rock sample results are in Table 1.
Table 1 High Grade Historical* Assay Results from the Jewelry Box Area
The Cassiopeia anomaly (Figure 1 ) is another high-priority exploration target on the property. It
consists of a 2.5 km diameter aeromagnetic “bullseye” porphyry style target over an area that has no
record of surface exploration.
There are two other areas of exploration interest on the Stellar Property. On the southern portion of
the property, the road accessible “Galena Zone” (Figure 1) comprises a 100 X 150 m area where soil
and grab samples from sparse outcrops define a zone of Pb -Ag-Zn mineralization in carbonate rocks
with grades that range from nil up to 11.6% lead (“ Pb”), 68 g/t Ag and 0.5% zinc (“Zn”). The
northwestern portion of the property contains two poorly described Cu -Pb-Zn mineral showings
(Figure 1) associated with a syenite intrusion.
* Historical samples reported in this news release have not been verified by Interra. Except where noted, they
are grab samples, which are selective in nature and may not be representative of a volume of rock.
Acquisition Terms
The acquisition of Stellar has been made pursuant to three separate transactions, specifically (i) 18
mineral claims totalling 5,256.79 ha (the “ Stellar Claims ”), which includes the Cassiopeia claims,
previously staked by two arm’s-length individuals; (ii) three mineral claims comprising the Jewelry Box
Sample ID Type Length Au g/t Ag g/t Cu %
PS-619 Rock 42 n/a n/a
A9080 Rock 28 15 0.16
B737759 Rock 28 4.9 0.01
PD-14A Rock 18 2.9 0.02
PS-627 Rock 11 n/a n/a
B737703 Channel 0.40m 10 6 0.33
B737635 Rock 3 4,860 22.60
PD-E-91-19 Rock n/a 133 6.73
B737702 Channel 0.7m n/a 19 3.23
B737529 Rock n/a 653 31.20
B737633 Rock n/a 162 36.70
B737766 Rock n/a 161 19.70
B737764 Rock n/a 98 12.35
DHR89-064 Rock n/a 328 >10.00
MV89-011 Rock n/a 2,889 >10.00
area of 91.19 ha (“Jewelry Box Claims”), previously staked by an arm’s -length individual; and (iii) the
Sparkle claim comprising 37.68 ha (“Sparkle Claim”), previously staked by an arm’s-length individual.
In consideration for a 100% interest in the Stellar Claims, Interra will issue an aggregate of 5,000,000
transferable common share purchase warrants of the Company (the “ Warrants”), whereby each
Warrant will be exercisable at a price of $0.085 into a common share of the Company (“ Share”) for a
period of 60 months from the date of issuance. In addition, Interra will reimburse the holders of the
Stellar Claims staking costs of approximately $8,000.
In consideration for a 100% interest in the Jewelry Box Claims and the Sparkle Claim, Interra will issue
an aggregate of 117,647 Shares representing consideration of $10,000 based on a deemed price of
$0.085 per Share to each present holder of such claims. In addition, the Company will grant the
present holder of the Sparkle Claim a 1.0% net smelter returns royalty (the “ Royalty”) on all minerals
produced from the Sparkle Claim or any portion thereof . The Company may purchase 0.5% of the
Royalty from the present holder of the Sparkle Claim to reduce the rate of the Royalty from 1.0% to
0.5% by payment of $1,000,000.
All securities to be issued in connection with the transactions noted above shall be subject to a
statutory hold period expiring four months and one date from the date of issuance in accordance with
applicable securities legislation. Completion of the acquisition of the claims described herein remains
subject to customary conditions for transactions of this nature and the acceptance of the acquisitions
by the Canadian Securities Exchange.
Advisor Appointment
Interra appoints James Dixon as Board Advisor. Mr. Dixon began his career in petroleum reservoir
engineering as a research technologist in the 1980’s. He then moved onto engineering operations in
the 1990’s. He has twenty-four years of prospecting experience in the Bulkley - Morice region of British
Columbia where his family has been involved in mineral exploration for over a century. This
pioneering work included the Sibola Mine, the Owen lake Mine (Silver Queen Mine), and more recently;
the Lone Pine Deposit with a 110 million tonne mineral resource. His family also played a role in the
development of the area in the form of saw milling/planing and fur trading with First Nations. Mr.
Dixon’s generational experience both in mining and working directly with First Nations will be of great
benefit as we strive to reinforce strong community involvement and sustainable exploration practices
in the Houston area where Mr. Dixon and his family have forged strong community ties.
Stock Options
The Company has granted stock options to a consultant of the Company to acquire an aggregate of
150,000 common shares in the capital of the Company, pursuant to the Company’s Equity Incentive
Plan. The stock options are each convertible into a common share of the Company at an exercise price
of $0.12 until December 12, 2029, and are subject to vesting over a period of 18 months.
Qualified Person
Tony Barresi, Ph.D., P.Geo., the Company’s technical advisor and a qualified person as defined by
National Instrument 43 -101 Standards of Disclosure for Mineral Projects , has reviewed and approved
the technical information in this news release.
About Interra Copper Corp.
Interra Copper Corp. is focused on building shareholder value through the exploration and
development of its two early-stage copper exploration assets located in British Columbia, Canada.
The Thane Project located in the Quesnel Terrane of Northern BC spans over 20,658 ha with 10 high -
priority targets identified demonstrating significant copper and precious metal mineralization. The
Company has an earn-in option up to 80% and joint -venture agreement on the Rip Project located in
Stikine Terrane in a prolific belt of Late Cretaceous ( Bulkley plutonic suite), known for copper-
molybdenum deposits. Interra has staked 5,932 ha of ground adjoining the Stars Property that
includes the ‘Big Dipper’ magnetic anomaly, which is interpreted to be a continuation of the magnetic
anomaly that defines the Stars porphyry project within the Bulkley Porphyry Belt.
Interra’s leadership and advisory teams are comprised of senior mining industry executives who have
a wealth of technical and capital markets experience and a strong track record of discovering,
financing, developing, and operating mining projects on a glo bal scale. Interra is committed to
sustainable and responsible business activities in line with industry best practices, supportive of all
stakeholders, including the local communities in which it operates. The Company's common shares
are principally listed on the Canadian Stock Exchange under the symbol "IMCX". For more information
on Interra, please visit the Company’s website at www.interracoppercorp.com.
On behalf of the Board of Interra Copper Corp.
Brian Thurston, P.Geo.
Chief Executive Officer and Director
Tel: 778-949-1829
For further information contact:
Kelly Abbott
Investor Relations
Forward Looking Information
This news release contains certain “forward -looking information” and “forward -looking statements”
(collectively “forward-looking statements”) within the meaning of applicable securities legislation.
Forward-looking statements are frequently, but not always, identified by words such as “expects”,
“anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expression s, or
statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved.
All statements, other than statements of historical fact, included herein, without limitation, relating to
the Rip Copper Project, including the Phase One drilling program, the exploration potential thereof ,
and the expected satisfaction of the Company’s 2024 and 2025 earn-in obligations are forward-looking
statements. There can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such statements. Forward -
looking statements reflect the beliefs, opinions and projections on the date the statements are made
and are based upon a number of assumptions and estimates that, while considered reasonable by
Interra, are inherently subject to significant business, econ omic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward -looking statements and the
parties have made assumptions and estimates based on or related to many of these factors. Such
factors include, without limitation, risks associated with possible accidents and other risks associated
with mineral exploration operations, the risk that the Company will encounter unanticipated
geological factors, risks associated with the interpretation of exploration results, the possibility that
the Company may not be able to secure permittin g and other governmental clearances necessary to
carry out the Company's exploration plans, the risk that the Company will not be able to raise
sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or
legal changes that might interfere with the Company's business and prospects. Readers should not
place undue reliance on the forward -looking statements and information contained in this news
release concerning these items. Interra does not assume any obligation to update the forward-looking
statements of beliefs, opinions, projections, or other factors, should they change, except as required
by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this
press release, and does not accept responsibility for the adequacy or accuracy of this release.