(TheNewswire)
February 11 th 2022 – TheNewswire - Vancouver, BC – Interra Copper Corp.(CSE:IMCX) (CNSX: IMCX .CN) (OTC:IMIMF)(FRA:3MX) (“ Interra ” or the“ Company ”) is pleased to provide the resultsfrom the final two holes drilled at the Pinnacle Zone after its summerdrill program that totaled 2,774 meters in 12 holes, at its 20,600 hectare Thane Property,located on traditional territory of the Takla and Tsay Keh Dene FirstNations in North Central B.C.
The significant results from the Pinnacle drill holesare within Table 1 . P lan map viewlocation of the drillholes in relation to previous reported drilledintervals at the Cathedral zone is within Figure 1. Cross-section view of the drill holes illustrating Cu-Au-Momineralized intercepts and all other results are included within Figure 2.
Table 1 –Composite intervals and Copper Equivalent Calculations from thePinnacle Zone.
1 - True widths of the reported mineralized intervalshave not been determined.
2 - Assumptions used in USD for the copper equivalentcalculation were metal prices of $3.25/lb. Copper, $1,650/oz Gold,$20/oz Silver, and USD $40/ lb Molybdenum; Recovery is assumed to be100% / even par given no current metallurgical testing at Thane todate. The following equation was used to calculate copper equivalence:CuEq = Copper (%) + (Gold (g/t) x 0.74) + (Silver (g/t) x 0.0090) +(Molybdenum (ppm) x 0.0006)
Interra’s goals at the Pinnacle Area in 2021 confirmand include;
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completed an IP survey and over 3 northeast trending IP lines(L4900-5100E) within the Pinnacle area over and to the northwest andsoutheast of the Pinnacle Showing (Figure 1) toidentify the sub-surface extent and depth of auriferous hydrothermalveining mapped on surface;
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completed a soil sampling program on the 3 northeasttrending IP lines (L4900-5100E) within the Pinnacle area (Figure 1) to definecopper-gold anomalies proximal to the PinnacleShowing;
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mineralization and associated alteration within thereported intervals above are hosted within the Thane Creek diorite(207 and 194Ma) and the Duckling Creek monzonite to syenite (182 and175Ma) intrusive phases of the Hogem Batholith (Figure 2)
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surficial exposures of late-stage barren, frequently open space hydrothermal quartz-carbonate (calcite)veins (Figure 3) , moderate to high-grade auriferousquartz-arsenopyrite-pyrite-chalcopyrite veins and breccias (Figure 4) occur within or proximal to chloriticshears (Figure 5)
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porphyry related outer propylitic(chlorite-quartz-calcite-sericite±epidote) (Figure 6) andstructurally controlled silica alteration occur throughout thePinnacle zone and at depth;
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K-feldspar occurs as contact alteration proximal toDuckling Creek intrusive phases and late localized vein haloalteration to quartz±epidote veins and fractures;
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porphyry style magnetite veining, brecciation andprimary mafic replacement related to potassic alteration is absentwithin the Pinnacle showing;
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drilling confirmed the presence of late-stagehydrothermal auriferous quartz-arsenopyrite-chalcopyrite-pyrite withinstructures and breccias at moderate depths from surface mineralization (Figure 7)
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mineralization at Pinnacle is structurally controlledoccurring as fractures, veins and breccia infill proximal todiorite-(quartz) monzonite contacts and south-southeast trendingmoderate to steeply (40-80°) southwesterly dipping chloritic shears (Figure 2)
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areas of increased chargeability observed within therecent completed Walcott Associates Ltd. IP survey somewhatcorrespond to an increase in sub-surface sulphide mineralization;
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at least one phase of mineralization within Thane andDuckling Creek suites of rocks appears related to a later intrusivephase within the batholith and
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copper and gold mineralization at depth is atsignificantly reduced grades to samples collected from the surface,which may be due to secondary supergene enrichment of the surfacesamples.
Interra also announces Director Dave McMillan hasannounced his retirement from the Board, effective Feb 15th. Interrathanks Mr. McMillan for his efforts and service to the company.
Figure1: Cathedral and PinnacleZone Drill Hole Plan Map.
Figure 2: Cross-Section and Histogram assays showing Cu-Au-Mo valuesfor drillholes TH21-09 and TH21-10.
Figure 3: Surface exposure of bandedquartz vein with open space quartz-carbonate infill at the PinnacleShowing.
Figure4: Surface exposure ofquartz-calcite-sulphide breccia within chloritic shear at the PinnacleShowing. Sample# 1964 containing 2.54% Cu, 7.78g/t Au,12.3g/t Ag and5.00ppm Mo.
Figure5 : Surface exposure ofmineralized chloritic shear zone at the Pinnacle showing. Dashedyellow lines delineate a southeast striking moderate southwest dippingoxidized quartz-carbonate vein. Dashed red lines highlightpyrite-arsenopyrite mineralization.
Figure6: Moderate propyliticalteration dominated by chlorite and lessor silica at depthwithinTH21-9 @138.50m.
Figure7: Mineralized breccia withinTH21-9 @ 117.14m. Sample #41695 containing 0.16% Cu, 0.39g/t Au,3.70g/t Ag, 84.80ppm Mo over 0.37 meters.
The scientific and technical information disclosed inthis news release was reviewed, verified and approved by ChristopherO. Naas, P. Geo., COO of Interra Copper Corp, who is a“Qualified Person” as defined in N.I. 43-101 regulations.
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: +1-604-588-2110
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-Looking Statements: This news release contains certain “forward-looking statements" within the meaning of C anadian securities legislation, relatingto further exploration onthe Company’s ThaneProperty, the submission of core samples and receipt of assaysthereof. Although theCompany believes that such statements are reasonable, it can give noassurance that such expectations will prove to be correct.Forward-looking statementsare statements that are nothistorical 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 orconditions "will," "would," "may,""can," "could" or "should" occur, or arethose statements, which, by their nature, refer to future events. TheCompany cautions that forward-looking statements are based on thebeliefs, estimates and opinions of the Company's management on thedate the statements are made, and they involve a number of risks anduncertainties. Consequently, there can be no assurances that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Except to the extent required by applicable securitieslaws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update theseforward-looking statements if management's beliefs, estimates oropinions, or other factors, should change. Factors that could causefuture results to differ materially from those anticipated in theseforward-looking statements include risks a ssociated with mineral exploration operations, the risk that theCompany will encounter unanticipated geological factors, thepossibility that the Company may not be able to secure permitting andother governmental clearances necessary to carry out the Company'sexploration plans, the risk that the Company will not be able to raisesufficient funds to carry out its business plans, and the risk ofregulatory or legal changes that might interfere with the Company'sbusiness and prospects. The reader is urged to refer to the Company'sreports, publicly available through the Canadian SecuritiesAdministrators' System for Electronic Document Analysis and Retrieval(SEDAR) at www.sedar.com for a more complete discussion of such riskfactors and their potential effects.
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