Interra Copper Begins Exploration Program at its Tres Marias Copper Project in Chile
CSE: IMCX WWW.INTERRACOPPERCORP.COM
INTERRA COPPER BEGINS EXPLORATION PROGRAM AT ITS TRES MARIAS COPPER
PROJECT IN CHILE
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS SERVICES OR
DISSEMINATION IN THE UNITED STATES/
April 17, 2023, VANCOUVER, British Columbia – Interra Copper Corp. (CSE: IMCX, OTCQB:
IMIMF, FRA: 3MX) (“Interra” or the “Company”) is pleased to announce its 2023 exploration
plans at the Company’s Tres Marias Copper Project (the “Project” or “Tres Marias”) in the
Antofagasta region of Chile. Tres Marias is one of three copper projects that the Company
acquired in 2021 from Minera Freeport-McMoRan South America Ltda. The Project is located
within the Paleocene Copper Porphyry Belt, about 30 km west of the mining centre of Calama
and 30 km north of BHP Chile’s Spence Mine.
The planned exploration program consists of 10,500 m of reverse circulation (“RC”) drilling
across three target areas within the 16,080 ha of contiguous concessions. The objective of
the program is to test a number of targets identified in the technical work completed to date,
which includes the reprocessed historical airborne ZTEM and 3D inversion of this airborne
data, a 504 km UAV high -resolution magnetic survey, and a 29 line -km GDAS 3D induced
polarization survey completed by Alto Verde Copper.
Chris Buncic, President & CEO of Interra stated, “We are excited to kick off our drilling campaign
at Tres Marias and test the large coherent chargeability and resistivity anomalies that have been
identified. Located on the same prolific copper belt that hosts a number of producing mines,
including Spence and Sierra Gorda, the early work at Tres Marias shows that it is prospective for
copper porphyry mineralization and we are eager to begin the program to better understand the
mineralization and geology.”
The three target areas of interest are clustered in the Eastern, Central, and Western parts of
the property, as highlighted in Figure 1. Historical work on the Project had identified Tres
Marias East as a target area, but the reprocessing of historical geophysics and the completion
of additional studies identified stronger anomalies in Tres Marias Central and West which
the exploration program will also test.
Figure 1: Tres Marias Copper Project planned RC drill holes
The planned exploration program will be completed in a phased approach, with the first
phase of the program comprising 2,100 m of RC drilling in Tres Marias East. Figure 2 below
highlights the collar locations. The initial planned dri ll holes are aimed at testing different
geophysical combinations from the ZTEM reprocessing, UAV MAG survey, and IP/Resistivity
survey, as well as the geological model due to their proximity to the Guacate Fault, which has
likely imparted some structural c ontrol on mineralization. The technical team has begun
preparations and mobilization for the exploration program is expected in early May 2023.
Figure 2: Tres Marias East RC drill hole collar locations
Technical Disclosure/Qualified Person
The scientific and technical information in this press release has been reviewed and
approved by Dr. Scott Jobin-Bevans (P.Geo., PhD, PMP), Principal Geoscientist and Managing
Director at Caracle Creek Chile SpA and an independent consultant and Qualified Person as
defined in National Instrument 43-101.
About Interra Copper Corp.
Interra Copper Corp. is focused on building shareholder value through the exploration and
development of its portfolio of highly prospective/early -stage exploration copper assets
located in Chile and Northern British Columbia.
The Company’s portfolio inc ludes three copper projects located the Central Volcanic Zone,
within a prolific Chilean Copper belt: Tres Marias and Zenaida in Antofagasta Region, and
Pitbull in Tarapaca Region. The Company now holds a significant land package covering an
area of 16,250 hectares with the projects situated amongst several of the world’s largest
mines owned by the largest global mining companies including Glencore, Anglo American,
Teck Resources and BHP among others. The Company also owns two exploration projects in
Northern British Columbia: Thane and Chuck Creek. The Thane Project is located in the
Quesnel Terrane of Northern BC and spans over 20,658 ha with 6 high -priority targets
identified demonstrating significant copper and precious metal mineralization.
Interra Cop per’s leadership team is 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 sustainable 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 Toro nto Stock
Exchange under the symbol "IMCX". For more information on Interra Copper, please visit our
website at www.interracoppercorp.com.
On behalf of the Board and Interra Copper Corp.
Chris Buncic
President & CEO, Director
For further information
Katherine Pryde
Investor Relations Contact
Forward Looking Information
Forward-Looking Statements: This news release contains certain “forward -looking
statements” within the meaning of Canadian securities legislation, relating to exploration on
the Company’s Tres Marias Copper Project, and the potential results of exploration work on
the project. 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 historica l 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 such 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 forward -looking statements include risks associated with mineral
exploration operations, the risk that th e 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 business
and prospects. The reader is urged to refer to the Company’s reports, publicly available on
SEDAR at www.sedar.com and the Company’s website. We seek safe harbor.