(TheNewswire)
Located in Quesnel Terrane, theThane Property covers 206 square km.
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Six areas with significant coppermineralization
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Additional areas of high-gradesilver and gold mineralization
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Numerous geophysical anomaliesidentified
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Anomalous copper-in-silt samples onkey areas
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Blue sky potential
Vancouver, BC – TheNewswire – June 28, 2022 - Interra Copper Corp. (CSE:IMCX) (OTC:IMIMF)(FRA:3MX) (“ Interra ” or the“ Company ”) has received the final report from the 2021 workprogram undertaken on its 100% owned, 20,658 ha Thane Property, located in north-central BC. The reportsummarizes the results from the diamond drilling, Induced Polarization(“IP”), geological mapping, rock and soil sampling studies andincludes 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. Inaddition to the Cathedral Area, geological mapping, IP surveying, rockand soil sampling was also undertaken at the Gail and MatAreas.
Key interpretations from the report include:
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Geological mapping at the Gail Area has identified fourplutonic suites, which include (from oldest to youngest): Thane Creeksuite (207 and 194Ma), Duckling Creek suite (182 and 175 Ma), Osilinkasuite (maximim emplacement 160Ma) and the Mesilinka suite (135 to128Ma);
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The Re-Os date of (202.8 +/-0.8Ma) from molybdenitefrom the Gail Showing is within the alkalic porphyry Cu-Au age ofmineralization cluster of 205-200Ma observed within porphyries locatedthroughout British Columbia;
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Results from drilling provide further evidence ofnorth-south trending zones of copper-gold mineralization withcalc-potassic to peripheral outer propylitic hydrothermal alterationassemblages relate to a structurally controlled moderately westwardtilted Alkalic porphyry system; and
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A significant increase in epidote and quartz-epidoteveins and fracture intensity containing low-grade coppermineralization overprints calc-potassic and inner propyliticalteration within the Cathedral South area. This increase correspondsto a broad increase in both Au/Cu and Cu/Mo ratios not seen in otherareas of the property and could be a potential vector to an outerstockwork around the central quartz-rich stockwork at depth in thewestern area of the Cathedral South area. Additionally, a massivemagnetite breccia within the ARC Showing, located approximately 350msouthwest of the Cathedral South drill hole (TH21-4), containssignificate copper, gold and silver mineralization. Sampling of thisstructure in 2017 returned 11.1% Cu, 2.77g/t Au and 29.20 g/t Ag(Gordon et al, 2018).
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Key recommendations from the report include:
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Geological mapping, rocksampling and geophysical surveys within the central region of theProperty, which includes current prospects at the Cirque, Ootes, Gailand 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 quartzvein (Naas et al, 2020). At the CJL area, historical rock samplinghas returned up to 9.51% Cu, 28.9 g/t Ag and 680 ppm Mo (Naas,2016);
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A total of 2,000m of drilling is an ideal minimum inorder to properly test structurally controlled mineralization andwesterly tilt porphyry potential in the west, southwest andnorthwestern areas of the Cathedral South area; and
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To assist in the understanding of the deposit, electronmicroprobe and laser ablation inductively-coupled plasma massspectrometry of chlorite has been recommended in addition to a Sulphurisotope zonation study. These are new tools that have been developedand have demonstrated success in defining the limits of porphyrysystems and should help in identifying Thane property’s nextpriority drill hole locations
Exploration work on the Property for the 2022 fieldseason will focus on developing new drill targets in the centralregion, which hosts the Gail, Aten, Cirque, Ootes and CJL Showings.Work is planned to include IP surveying, geological mapping, rock andsoil sampling, to further this area towards a most effectivedrill-ready stage.
“Thecompany maintains and elaborates on the six high-priority targets thathave been previously generated at the 200 sq-km Thane project. Re-focussing efforts at Cathedral area and solid geosciencedata-backed planning for upcoming maiden drill programs at theGail-Aten-CJL areas are the current objectives and status of theproject” states J. Nickel, Interra CEO and Director.
The scientific and technical information disclosed inthis news release was reviewed, verified and approved by ChristopherO. Naas, P. Geo., who is a “Qualified Person” as defined in N.I.43-101 regulations.
This current Thane Technical Report can be viewedat:
ON BEHALF OF INTERRA COPPERCORP.
Jason Nickel, P.Eng.
Chief Executive Officer
Telephone: +1-604-754-7986
Email: CEO@interracopper.com
INVESTOR RELATIONS:
Email: invest@interracopper.com
Telephone: +1-604-999-5546
Website: https://interracopper.com
ABOUT 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.
Forward-LookingStatements: This press release contains“forward ? lookinginformation or statements” within the meaning of Canadian securitieslaws, which may include, but are not limited to statements relating tothe Consolidation and the receipt of any required regulatory approvalsthereto. All statements in this release, other than statements ofhistorical facts that address events or developments that the Companyexpects to occur, are forward-looking statements. Forward-lookingstatements are statements that are not historical facts and aregenerally, but not always, identified by the words “expects,”“plans”, “anticipates”, “believes”, “intends”,“estimates”, “projects”, “potential” and similarexpressions, or that events or conditions “will”, “would”,“may”, “could” or “should” occur. Although the Companybelieves the expectations expressed in such forward-looking statementsare based on reasonable assumptions, such statements are notguarantees of future performance and actual results may differ fromthose in the forward-looking statements. Such forward-lookinginformation reflects the Company’s views with respect to futureevents and is subject to risks, uncertainties, and assumptions. Thereader is urged to refer to the Company’s reports, publiclyavailable through the Canadian Securities Administrators’ System forElectronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more completediscussion of such risk factors and their potential effects. TheCompany does not undertake to update forward ? looking statements orforward ? lookinginformation, except as required by law.
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