(TheNewswire)
October 13, 2022 – TheNewswire - Vancouver, BC– Interra Copper Corp.(CSE:IMCX ) , ( OTC:IMIMF ) , ( FRA:3MX) (“ Interra ” or the “ Company ”) is pleased to provide a corporateand Chuck Project update.
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Signing of explorationagreement with the Tsay KehDene First Nation
Interra announces that the Company, through itssubsidiary Thane Minerals Inc., and the Tsay Keh Dene First Nationhave executed a formal exploration agreement (the “ Agreement ”) with aneffective date of June 27, 2022.
The Agreement recognizes the rights of the Tsay KehDene First Nation within its traditional territory where theCompany’s Thane Project is located. The Agreement establishes aframework for ongoing engagement and mutual collaboration regardingexploration activities at the Thane Project. The Agreement addressesseveral key elements of cooperation, engagement, communication,transparency, and economic benefits, including, employment, training,monitoring and contracting opportunities.
“We are very pleased to have reached this agreementafter ongoing dialogue and progress since beginning the explorationactivity at our Thane Project in 2021. Interra looks forward tocontinuing its relationship of mutual respect and the commencement ofbuilding further value and economic benefit for all stakeholdersinvolved at the Thane Project,” stated JasonNickel, Interra’s CEO and Director.
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Filing with the assessment officesecuring the Thane property in its entirety to September 2028
Work from the Company’s recent 2,800 metre drillprogram on its 100% owned Thane copper-gold property has been filedfor assessment. With this filing the claims are now free from any British Columbia Geological Survey provincial work requirements until November 2028.
CEO Jason Nickel comments, “The Company has filedassessment work that brings the total exploration investment to$3,110,600 since 2020 when the project was acquired by Interra. Thisinvestment secures the property and its Mineral Claims until November2028 and gives the Company the time to optimize financing, jointventure, and exploration opportunities.”
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Chuck Creek 2022 ProgramUpdate
The Company also reports that it has completed a seriesof 10 kg sediment / soil samples which were collected from the ChuckCreek Property for analysis by a bulk leachextractable gold ( BLEG )procedure.
The Company is also pleased to report that it hasretained noted glaciologist Dr. Derek Turner to complete a surficialgeological map of the property. The Company’s aim at Chuck Creek isto replicate certain historical gold assay results, supported byfurther samples from new locations on the property, to pinpoint thesource of the significant gold, which has been historically reportedat Chuck Creek.
Assay results are expected later this fall and will bereported along with the results of new geological mapping andsatellite image data which is expected to be useful in interpretingthe glaciation implications on the property.
INTERRA COPPER CORP.
Interra is a junior exploration and development companyfocused on creating shareholder value through the advancements of itscurrent assets that include the Thane Property in north-centralBritish Columbia. Utilizing its heavily experienced management team,Interra continues to source and evaluate assets to further generateshareholder value.
The Thane Property covers approximately 206km 2 (50,904 acres) and is located in the Quesnel Terrane geological beltof north-central British Columbia, midway between thepreviously-operated open pit Kemess Mine and the current open pitMount Milligan mine, both two copper-gold porphyry deposits. The ThaneProperty includes several highly prospective mineralized areasidentified to date, including the ‘Cathedral Area’ on which theCompany’s exploration is currently focused.
ON BEHALF OF INTERRA COPPERCORP.
Jason Nickel, P.Eng.
Chief Executive Officer
Telephone: +1- 604-754-7986
Email: interracopper@gmail.com
INVESTOR RELATIONS:
Email: invest@interracopper.com
Telephone: +1- 604-245-0054
Website: https://interracopper.com
INTERRA COPPER CORP.
Interra is a junior exploration and development companyfocused on creating shareholder value through the advancements of itscurrent assets that include the Thane Property in north-centralBritish Columbia. Utilizing its heavily experienced management team,Interra continues to source and evaluate assets to further generateshareholder value.
The Thane Property covers approximately 206km 2 (50,904 acres) and is located in the Quesnel Terrane geological beltof north-central British Columbia, midway between the previouslyoperated open pit Kemess Mine and the current open pit Mount Milliganmine, both two copper-gold porphyry deposits. The Thane Propertyincludes several highly prospective mineralized areas identified todate, including the ‘Cathedral Area’ on which the Company’sexploration is currently focused.
Cautionary Statement RegardingForward-Looking Information: This news release contains certain "forward-lookinginformation" and "forward-looking statements"(collectively "forward-looking statements") within themeaning of applicable securities legislation. All statements, otherthan statements of historical fact, included herein, withoutlimitation, statements relating the future operating or financialperformance of the Company, are forward-looking statements.Forward-looking statements are frequently, but not always, identifiedby 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 beachieved. Forward-looking statements in this news release relate to,among other things, exploration activities at the Company’s projectsand results therefrom. Actual future results may differ materially.There can be no assurance that such statements will prove to beaccurate, and actual results and future events could differ materiallyfrom those anticipated in such statements. Forward-looking statementsreflect the beliefs, opinions and projections on the date thestatements are made and are based upon a number of assumptions andestimates that, while considered reasonable by the Company, areinherently subject to significant business, economic, competitive,political and social uncertainties and contingencies. Many factors,both known and unknown, could cause actual results, performance orachievements to be materially different from the results, performanceor achievements that are or may be expressed or implied by suchforward-looking statements and the parties have made assumptions andestimates based on or related to many of these factors. Readers shouldnot place undue reliance on the forward-looking statements andinformation contained in this news release concerning these items. TheCompany does not assume any obligation to update the forward-lookingstatements of beliefs, opinions, projections, or other factors, shouldthey change, except as required by applicable securities laws.
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