Interra Announces Commencement of Drilling on the RIP Copper Project
CSE: IMCX WWW.INTERRACOPPERCORP.COM
INTERRA ANNOUNCES COMMENCEMENT OF DRILLING
ON THE RIP COPPER PROJECT
September 27, 2024 , VANCOUVER, British Columbia – Interra Copper Corp . ( CSE: IMCX; OTCQB:
IMIMF; FRA: 3MX) (“Interra” or the “Company”) is pleased to announce the commencement of the
Phase One drilling program at the RIP Copper Project (the “ Project” or “RIP”) in the Stikine region of
British Columbia. The RIP Project is situated approximately 33 km northeast of Imperial Metals’ past
producing Huckleberry copper -molybdenum (“ Cu-Mo”) mine and Surge Copper’s advanced stage
Ox/Seal/Berg projects. Imperial Metals Corporation is exploring Huckleberry and its surrounding
claims for additional Cu-Mo resources.
Atlas Drilling Ltd. out of Kamloops , BC, has been contracted for this first phase drill program of
approximately 2000 met res. The project will be run out of th e Huckleberry mine site camp located
approximately 88 km west-southwest of Houston, BC. The initial drillhole will target the northernmost
centre of the two IP anomalies defined by the r ecently completed geophysical surveys , airborne
magnetics and 3D IP , detailed by the Company in its July 31, 2024, press release . The g eophysical
surveys suggest potential for two porphyry Cu -Mo mineralized centres (Fig. 1). The northernmost
centre coincides with outcropping porphyry Cu -Mo mineralization and comprises a coincident
magnetic/resistivity high, surrounded by a large “doughnut” shaped chargeability high (>35 mV/V) with
a diameter of approximately 1 km. The second potential porphyry Cu -Mo centre is situated
approximately 1.1 km to the south, comprising a similar magnetic high surrounded by a “doughnut”
shaped chargeability high (>35 mV/V). This southern potential porphyry centr e is entirely covered by
overburden with a diameter of approximately 850 metres.
CEO Brian Thurston commented , “ We are excited to drill these two classic porphyry copper -moly
deposit style bullseye targets. In well-established porphyry districts like this one, it is unusual to have
untested classic porphyry targets but at RIP one of the targets is entirely untested by diamond drilling,
and the other target was only tested with a single diamond drill hole, which was aimed away from the
centre of the bullseye, and nevertheless hit encouraging mineralization . W e feel enthused by the
untested potential of this property and are excited to commence this first phase drill campaign.”
The Project is interpreted as a highly underexplored porphyry Cu -Mo system that is predominantly
covered by overburden. A small outcrop area within the northern interpreted porphyry Cu -Mo
mineralized centre contains variably altered porphyritic intrusions which cut strongly hornfelsed
Hazelton Group volcano -sedimentary rocks. Porphyritic intrusions and hornfelsed country rock are
both host to porphyry style stockwork, including magnetite -chalcopyrite and quartz -chalcopyrite-
molybdenite veins. Historical exploration targeting a large IP anomaly on the project included shallow
percussion drilling of this chargeability anomaly by Kennco and intersected porphyry copper style
alteration and anomalous Cu -Mo mineralization over a broad area. A single diamond drill hole was
collared approximately 200m north of the discovery outcrop and intersected anomalous Cu (0.07%)
and Mo (0.005%) over 74m in strongly quartz-sericite-pyrite altered volcanic rocks cut by late feldspar
porphyry and mineralized quartz diorite dykes; the bottom 64m consists of intrusive clast -rich
polymictic breccia cut by abundant pyrite, gypsum and quartz veins with local secondary biotite.
Quartz-sericite-pyrite, intermediate argillic and propylitic alteration predominate in the holes,
suggesting that the Kennco holes only tested the upper levels of a shallowly eroded porphyry Cu -Mo
system.
In late 2023, the Company announced its option agreement with ArcWest Exploration Inc. (“ArcWest”)
to acquire an 80% interest in the RIP Cu-Mo project. Interra can earn the first tier of its interest in the
project by completing staged exploration work totalling C$2.0 million and direct payment of
C$100,000 and annual share payments over four years until end of 2027. Interra is currently fully
funded for, and anticipates it will likely exceed , its 2024 and 2025 obligations for the earn -in of
C$300,000 and C$500,000 in expenditures, respectively. With the recent completion of the geophysical
surveys helping to define drill targets, the Company is now focused on this first phase drill program
of approximately 2,000 meters.
Figure 1: RIP Chargeability and Magnetic Survey Results
Annual General Meeting
The Company held its Annual General Meeting on September 2 0, 2024. All proposed resolutions, as
described in the notice of the meeting and information circular dated August 9, 2024, were approved
by the shareholders of the Company.
Qualified Person
Brian G. Thurston, P.Geo., the Company’s CEO 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 Copper’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 global scale. Interra Copper is
committed to s ustainable and responsible business activities in line with industry best practices,
supportive of all stakeholders, including the local communities in which we operate. The Company's
common shares are principally listed on the Canadian Stock Exchange unde r the symbol "IMCX". For
more information on Interra Copper, please visit our 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:
Katherine Pryde
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 expressions, 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 thereo f,
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 as sumptions and estimates that, while considered reasonable by
Interra, are inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual resu lts,
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 assoc iated with the interpretation of exploration results, 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 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.