Interra Copper Corp. Announces Project Update on its Thane Copper-Gold Property
Interra Copper Corp. Announces Project Update on its
Thane Copper/Gold Property
Located in Quesnel Terrane, the Thane Property covers 206 square km.
- Six areas with significant copper mineralization
- Additional areas of high-grade silver and gold mineralization
- Numerous geophysical anomalies identified
- Anomalous copper-in-silt samples on key areas
- Blue sky potential
June 28, 2022
Vancouver, BC – Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FRA: 3MX) (“Interra”
or the “Company”) has received the final report from the 2021 work program undertaken on its
100% owned, 20,658 ha Thane Property, located in north-central BC. The report summarizes the
results from the diamond drilling, Induced Polarization (“I P”), geological mapping, rock and soil
sampling studies and includes interpretations and recommendations for future work. Diamond
drilling and core analysis targeted the Cathedral Area, which is one of eight high priority targets
on the Property. In addition to the Cathedral Area, geological mapping, IP surveying, rock and
soil sampling was also undertaken at the Gail and Mat Areas.
Key interpretations from the report include:
● Geological mapping at the Gail Area has identified four plutonic suites, which include (from
oldest to youngest): Thane Creek suite (207 and 194Ma), Duckling Creek suite (182 and
175 Ma), Osilinka suite (maximim emplacement 160Ma) and the Mesilinka suite (135 to
128Ma);
● The Re-Os date of (202.8 +/-0.8Ma) from molybdenite from the Gail Showing is within the
alkalic porphyry Cu -Au age of mineralization cluster of 205 -200Ma observed within
porphyries located throughout British Columbia;
● Results from drilling provide further evidence of north-south trending zones of copper-gold
mineralization with calc -potassic to peripheral outer propylitic hydrothermal alteration
assemblages relate to a structurally controlled moderately westward tilted Alkalic porphyry
system; and
● A significant increase in epidote and quartz-epidote veins and fracture intensity containing
low-grade copper mineralization overprints calc -potassic and inner propylitic alteration
within the Cathedral South area. This increase corresponds to a broad incr ease in both
Au/Cu and Cu/Mo ratios not seen in other areas of the property and could be a potential
vector to an outer stockwork around the central quartz -rich stockwork at depth in the
western area of the Cathedral South area. Additionally, a massive magnetite breccia within
the ARC Showing, located approximately 350m southwest of the Cathedral South drill hole
(TH21-4), contains significate copper, gold and silver mineralization. Sampling of this
structure in 2017 returned 11.1% Cu, 2.77g/t Au and 29.20 g/t Ag (Gordon et al, 2018).
Key recommendations from the report include:
● Geological mapping, rock sampling and geophysical surveys within the central region of
the Property, which includes current prospects at the Cirque, Ootes, Gail and CJL areas,
to develop to drill ready status. At the Cirque area, rock sampling in 2020 returned 77.8
g/t Au from a 12 cm wide quartz vein (Naas et al, 2020). At the CJL area, historical rock
sampling has returned up to 9.51% Cu, 28.9 g/t Ag and 680 ppm Mo (Naas, 2016);
● A total of 2,000m of drilling is an ideal minimum in order to properly test structurally
controlled mineralization and westerly tilt porphyry potential in the west, southwest and
northwestern areas of the Cathedral South area; and
● To assist in the unde rstanding of the deposit, electron microprobe and laser ablation
inductively-coupled plasma mass spectrometry of chlorite has been recommended in
addition to a Sulphur isotope zonation study. These are new tools that have been
developed and have demonstrated success in defining the limits of porphyry systems and
should help in identifying Thane property’s next priority drill hole locations.
Exploration work on the Property for the 2022 field season will focus on developing new drill
targets in the central region, which hosts the Gail, Aten, Cirque, Ootes and CJL Showings. Work
is planned to include IP surveying, geological mapping, rock and soil sampling, to further this area
towards a most effective drill-ready stage.
“The company maintains and elaborates on the six high-priority targets that have been
previously generated at the 200 sq-km Thane project. Re-focusing efforts at Cathedral area
and solid geoscience data -backed planning for upcoming maiden drill programs at the
Gail-Aten-CJL areas are the current objectives and status of the project” states J. Nickel,
Interra CEO and Director.
The scientific and technical information disclosed in this news release was reviewed, verified and
approved by Christopher O. Naas, P. Geo., who is a “Qualified Person” as defined in N.I. 43-101
regulations.
This current Thane Technical Report can be viewed at:
https://interracopper.com/site/assets/files/5737/report-2021_exploration_thane_property_2021_03-28.pdf
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: +1-604-999-5546
Website: https://interracopper.com
ABOUT INTERRA COPPER CORP.
Interra is a junior exploration and development company focused on creating shareholder valu e
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 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 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 and the receipt of any required regulator y approvals thereto. 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 actual results may differ from those in the forwa rd-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 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. The Company does not undertake to update forward ‐looking statements or forward‐
looking information, except as required by law.