Interra Copper Corp. Appoints Mr. Jason Nickel, P. Eng as Chief Executive Officer & Extends Drill Program

Rhea-AI Summary

Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Jason Nickel as the new CEO, effective immediately. Nickel, with 25 years of industry experience, aims to leverage the promising potential of the Thane Project, covering 206 km² in British Columbia. The current drilling program is on schedule, with early results indicating mineralization consistent with previous findings. Interim CEO Dave McMillan remains a director, supporting Nickel's transition. Initial assay results from drilling are expected shortly, enhancing investor confidence.

Positive

• Appointment of Jason Nickel as CEO brings 25 years of experience.
• Drilling program at Thane Project is on schedule and under budget.
• Promising indications from early drill holes suggest significant mineralization potential.

Negative

• None.

"After a site visit to the Thane property this past weekend and seeing the multiple high grade showings on the surface, the property clearly has promising upside potential." - Jason Nickel

VANCOUVER, BC / ACCESSWIRE / August 12, 2021 / Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FRA:3MX) ("Interra" or the "Company"), is pleased to announce the appointment of Mr. Jason Nickel, P. Eng to the position of Chief Executive Officer ("CEO") effective immediately.

Mr. Nickel holds a degree in Applied Science in Mine Engineering from the University of British Columbia and a post graduate diploma in business administration from Simon Fraser University. Jason brings 25 years of experience in Mine Operations, Engineering, Project Development and resource company management to Interra Copper along with a decade of corporate and junior resource markets focus.

Interim President & CEO Dave McMillan remains active with the Company as a Director and will assist in Mr. Nickel's transition to CEO. Interra thanks Dave for his dedication and contributions over the past many months and looks forward to his continued involvement with the Company.

At the Company's 100% owned Thane Project, the Company is pleased to report that the diamond drilling, geological mapping, prospecting, soil sampling and geophysical surveying program, which commenced in early July, is on schedule and budget.

Core samples from the first three drill holes have been submitted to ALS Laboratory for analysis, with initial results expected in the coming weeks. Logging on site has identified mineralization that is consistent with the IP and soil geochemistry results obtained from last years' exploration program. The drilling undertaken this year by the Company is the first ever drill holes to test the Cathedral Area. The Company is pleased to report that the promising indications from these early drill holes has resulted in an extension of the drilling program.

Mr. Nickel states "After a site visit to the Thane property this past weekend and seeing the multiple high grade showings on the surface, the property clearly has promising upside potential to develop into a premier mining project in the Quesnel Terrane district. I am very pleased to join a great management team and lead the company as CEO."

ON BEHALF OF INTERRA COPPER CORP.

Greg Hawkins
Chairman
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 significance of Jason Nickel's appointment as CEO of Interra Copper Corp. (IMIMF)?

Jason Nickel's appointment as CEO is significant due to his extensive 25-year experience in mine operations and engineering, which may enhance the company's strategic direction and operational effectiveness.

How will the drilled holes at the Thane Project impact Interra Copper Corp. (IMIMF)?

The drilled holes at the Thane Project will impact Interra Copper Corp. by potentially revealing valuable mineralization, which could enhance the project's future and shareholder value.

What are the expected outcomes from the drilling program at the Thane Project for Interra Copper Corp. (IMIMF)?

The expected outcomes from the drilling program at the Thane Project include initial assay results indicating mineralization, which could lead to further exploration and development opportunities for Interra Copper Corp.