Interra Copper Completes Drill Program at Cathedral Area on Thane Property and Commences IP Surveys
Interra Copper Completes Drill Program at Cathedral Area
on Thane Property and Commences IP Surveys
August 31, 2021
Vancouver, BC – Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FRA: 3MX) (“Interra”
or the “ Company”) is pleased to announce the Company has completed its maiden
diamond drilling program on its 206 square kilometer Thane Property in North Central B.C. on
traditional territory of the Takla and Tsay Keh Dene First Nations. The program comprised a total
of 2,774 metres in 12 holes.
The Company expanded its planned program targeting cathedral zone by four additional holes,
two of which were drilled into the Pinnacle Zone, a structurally controlled quartz vein system
similar to high grade gold/silver veins often associated with the periphery of porphyry copper
systems. Pinnacle zone is located just north of the main Cathedral Area. For an illustration of drill
locations, please see Figure 1 – 2021 Drilling Plan Map below.
The initial logging in cores from the Cathedral zone demonstrate strong geological, structural
features along with associated periphery mineralization and alteration consistent with an alkalic
porphyry deposit model, as seen in the surface geochemistry work.
With 2021 drilling completed, the Company continues its exploration program through September
which is aimed at:
1) Increasing our understanding of the Cathedral Zone and the role of structure in the formation
and deformation of the mineralized sections of intrusive host monzodiorite, diorite and syenite
rocks.
2) Following up the encouraging drill results at the Pinnacle Zone which supports the additional
geophysical and geochemical survey lines that have been established to trace this mineralized
system along strike and up section
3) IP, magnetics, geochemistry and geological surveying at the Gail Showing has commenced
with the expectation of generating further drill targets for the 2022 season.
Jason Nickel, Chief Executive Officer of the Company, stated: “We are pleased to have been able
to undertake the extra drilling, which yielded further results in the Cathedral Zone and tested the
gold-rich Pinnacle Zone, this season. We are eager to receive assay results for cathedral holes
as well as from the arsenic-supported breccia zones observed in pinnacle drill cores from the
main structure and the hanging wall veins and stringers.”
Historical surface sampling at the Pinnacle Zone has returned up to 20 g/t Au and averaged 6.1
g/t Au. in quartz veins. Arsenic is closely associated with these veins and the attendant gold. The
outcrop that is exposed down -section for about 80m appears to have been truncated and
displaced by a large thrust fault that is represented in the core by a 5 metre-wide matrix supported
breccia. The matrix is composed of arsenopyrite, pyrite and chalcopyrite. The entire fault zone is
up to 15 m wide but is not e xposed at surface. It appears also that an earlier set of quartz
carbonate, +/- chalcopyrite stringers was deposited in the hanging wall of the thrust. See Figure
2 – Pinnacle zone core photo of arsenic-supported breccia material.
2021 core logging and sampling will continue while geological mapping and prospecting continue
on the Thane Property. Interra anticipates all core samples will be submitted to ALS Laboratories
in North Vancouver by the end September.
The scientific and technical information disclosed in this news release was reviewed, verified and
approved by Christopher O. Naas, P. Geo., COO of Interra and a “Qualified Person” as defined
in NI 43-101.
The Company also reports it has filed its FY2021 second quarter interim financial statements and
related Management’s Discussion and Analysis on SEDAR (www.sedar.com).
ON BEHALF OF INTERRA COPPER CORP.
Jason Nickel
Chief Executive Officer
Telephone: +1-604-754-7986
INVESTOR RELATIONS:
Email: [email protected]
Telephone: +1-604-588-2110
Website: https://interracopper.com
Figure 2 – Pinnacle zone core photo of arsenic-supported breccia material.
Figure 1 – 2021 Drilling Plan Map - Cathedral Area
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, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced
management team, Interra continues to source and evaluate assets to further generate
shareholder value.
The Thane Property covers approximately 206 km2 (50,904 acres) and is located in the Quesnel
Terrane of north -central British Colu mbia, midway between the previous operated open pit
Kemess Mine and the currently operating 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 news release contains certain “forward-looking statements" within the
meaning of Canadian securities legislation, relating to further exploration on the Company’s Thane Property
and the submission of core samples and receipt of assays thereof. Although the Company believes that
such statements are reasonable, it can give no assurance that such expectations will prove to be correct.
Forward-looking statements are statements that are not historical facts; they are generally, but not always,
identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will,"
"would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to
future events. The Company cautions that forward-looking statements are based on the beliefs, estimates
and opinions of the Company's management on the date the statements are made, and they involve a
number of risks and uncertainties. Consequently, there can be no assurances that suc h statements will
prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Except to the extent required by applicable securities laws and the policies of the
Canadian Securities Exchange, the Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that
could cause future results to differ materially from those anticipated in these f orward-looking statements
include risks associated with mineral exploration operations, the risk that the Company will encounter
unanticipated geological factors, the possibility that the Company may not be able to secure permitting 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 regulatory
or legal changes that might interfere with the Company's bus iness and prospects. 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.