Interra Copper Corp. Announces Commencement of Operations for Its 2021 Drilling & Exploration Program

Rhea-AI Summary

Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has launched its 2021 summer exploration program at the Thane property in British Columbia, covering 206.58 square kilometers. This includes a 2,400-meter drill program targeting high-priority areas identified from previous surveys. Drilling is set to start by July 15 and is expected to take about 40 days. The company is also enhancing geochemical analysis with portable XRF technology. Dave McMillan, Interim CEO, emphasized the strong cash position and the team's commitment to maximizing the exploration window for potential copper-gold mineralization.

Positive

• Commencement of a 2,400-meter drill program targeting high-priority areas.
• Use of portable XRF technology to enhance geochemical analysis and expedite results.
• Strong cash position supporting ongoing exploration efforts.

Negative

• None.

The Company expects the camp to be fully operational by July 1^st

VANCOUVER, BC / ACCESSWIRE / June 29, 2021 / Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FSE:3MX) ("Interra" or the "Company") is pleased to announce the 2021 summer exploration program has begun on our 100% owned, 206.58 square kilometre Thane property in north central British Columbia.

The 2,400-metre drill program in eight drill holes has been designed to test high-priority targets at the Cathedral area, which were defined during last year's surface sampling and IP program. In addition to drilling, the company will also be undertaking geological mapping, sampling and IP surveying in other areas of the property to advance known areas of copper-gold mineralization.

There are currently team members on the ground whom are preparing for the arrival of additional staff on July 1st. The team will begin immediately to build the 7 pads required for the initial drill program with drilling scheduled to commence on or before July 15. This initial drill program is expected to take approximately 40 days to complete. Concurrently, additional ground geophysics, mapping and sampling will take place in other areas of the property and these programs are expected to be complete in early September.

Dave McMillan, Interim Chief Executive Officer, stated: "We have identified high-priority zones defined by IP chargeability highs with supporting copper and gold mineralization from both soil and rock samples, and we are excited to be able to test the depth potential of these targets by diamond drilling this summer. Our team has developed a workflow that will utilize a portable XRF [X-ray fluorescence] with the goal of increasing the turnaround time for obtaining reliable geochemical results. All samples will be submitted to ALS laboratories for multi-element and gold analyses, but the infield analysis will allow the company to prioritize additional drilling past the planned 2400 meters. Interra has a strong cash position and the team is progressing on schedule and we look forward to maximizing our exploration window and achieving positive results."

ON BEHALF OF INTERRA COPPER CORP.
David McMillan
Interim Chief Executive Officer and Director
Telephone: +1-604-588-2110

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 company focused on creating shareholder value through the advancements of its current assets that include the Thane Property in north-central British Columbia, and the Bullard Pass Property in Arizona. Utilizing its heavily experienced management team, IMC 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 of north-central British Columbia, midway between the previous operated open pit Kemess Mine and the currently operating 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 Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

SOURCE: Interra Copper Corp.

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FAQ

What is the focus of Interra Copper Corp's 2021 summer exploration program?

The focus is on the 2,400-meter drill program at the Thane property to explore high-priority copper-gold targets.

When is drilling scheduled to commence for Interra Copper Corp?

Drilling is scheduled to commence on or before July 15, 2021.

What is the size of the Thane property owned by Interra Copper Corp?

The Thane property covers approximately 206.58 square kilometers.

How long is the initial drill program expected to take?

The initial drill program is expected to take approximately 40 days to complete.

Who is the Interim CEO of Interra Copper Corp?

The Interim CEO of Interra Copper Corp is Dave McMillan.