Interra Copper Announces Chuck Creek Property Acquisition, Bordering Major VMX Project, Located in Central British Columbia
Interra Copper Announces Chuck Creek Property Acquisition,
Bordering Major VMS Project, Located in Central British Columbia
June 9, 2022
Vancouver, BC – Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FRA: 3MX) (“Interra”
or the “Company”) is pleased to announce that it has signed a “definitive option agreement” with
Christopher O. Naas and T. Greg Hawkins, both Directors of the Company, (the “ Property
Holders“) to acquire a 100% of the Chuck Creek Property (the “Property”). The Property Holders
hold a 100% interest in the Property, located in central British Columbia, approximately 30
kilometers east of Clearwater. On closing, Interra shall have paid to the Property Holders, CDN$
30,000 plus 35,000 Interra shares and granted a 1% Net Smelter Return (NSR), with a 0.5% buy
back option.
The Chuck Creek Property covers 33.57 sq. kilometers (8,293 acres) and is situated in central
British Columbia. The Property is located within the Eagle Bay Assemblage of rocks and is
surrounded on all sides by Tas eko Mines’ Yellowhead property, which hosts a copper -gold
volcanogenic massive sulphide deposit. The large undeveloped Yellowhead deposit has proven
and probable reserves of 817 million tonnes grading 0.29% copper equivalent.
(https://www.tasekomines.com/properties/yellowhead).
“The Chuck Creek claims have yielded significant multi-ounce gold silt samples in the past. Interra
aims to discover the source of this mineralization, and conduct work this year on the project with
compelling location, proximity to major deposits, and year -round access, minutes from a major
highway,” stated CEO Jason Nickel.
The Chuck Creek Property was first staked by the Property Ho lders in 2002 and is one of the
largest unexplained alluvial gold stream geochemical anomalies in the province. Historical silt
samples concentrates have returned up to 58,600 ppb Au and soil samples panned to
concentrates have returned up to 78,600 ppb Au. Location maps are shown below.
ON BEHALF OF INTERRA COPPER CORP.
Jason Nickel, P.Eng.
Chief Executive Officer
Telephone: +1-604-754-7986
Email: [email protected]
INVESTOR RELATIONS:
Email: [email protected]
Telephone: +1-604-588-2110
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 km2 (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 copp er-
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, the receipt of any required regulatory approvals thereto, the cancellat ion of stock
options, and exploration plans on the Thane Property. 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 act ual 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 Co mpany’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.