Welcome to our dedicated page for INTERRA COPPER news (Ticker: IMIMF), a resource for investors and traders seeking the latest updates and insights on INTERRA COPPER stock.
Interra Copper Corp. (IMIMF) is a Vancouver-based exploration company focused on creating shareholder value through its copper projects in British Columbia, Canada. The company recently executed an option agreement with ArcWest Exploration Inc. to acquire an 80% interest in the Rip Copper Project, located in a prolific mining region in central British Columbia. The Rip Project, with its 2,309 hectares, is strategically positioned in a belt of Late Cretaceous porphyry Cu-Mo deposits, demonstrating great potential for copper-molybdenum mineralization. The multi-stage earn-in agreement with ArcWest sets the stage for extensive exploration work to advance the Rip Project to Feasibility Study level, with the first phase work program already underway. Interra's leadership team, with a wealth of technical and capital markets experience, is committed to sustainable and responsible business practices, while striving to unlock the full potential of their highly prospective exploration assets.
Interra Copper Corp has successfully completed a business combination with Alto Verde Copper Inc, adding to its portfolio of copper-focused projects. Following the merger, Chris Buncic has been appointed as the CEO, with Rick Gittleman joining the board. The company converted 5,781,722 subscription receipts into common shares and issued 2,890,861 purchase warrants, generating net proceeds of approximately $2.89 million. The funds will be utilized for advancing projects in Chile and Canada. This move positions Interra to leverage potential growth in the copper market due to expected declines in global supply.
On January 24, 2022, Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) reported summer drill results from the Thane Property in British Columbia. Drilling in the Cathedral Area yielded various mineralization intervals, featuring low-grade copper-gold results. Notable results include:
- TH21-3: 20.65m of 0.08% Copper
- TH21-4: 17.30m of 0.05% Copper
- TH21-6: 36.71m of 0.07% Copper
- TH21-12: 5.00m of 0.21% Copper
Interra is focused on expanding its mineralization knowledge and continuing drilling activities in the area.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) has released drilling results from the Gully Area of its Thane Property in British Columbia. The drilling targeted a high chargeability anomaly and confirmed low-grade copper-gold mineralization across three drill holes (TH21-7, TH21-8, TH21-11). Significant intervals include 24.5 meters of 0.13% Cu and 0.03 ppm gold in TH21-7. The results support further exploration and potential for copper-gold deposits in the area. Interra’s ongoing operations aim to expand known mineralization while validating past exploration data.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) has reported a significant age dating study on mineralization at the Gail Area, conducted at the University of Alberta. The study utilized Re-Os radiometric dating of molybdenite from a quartz vein sample collected at the Thane Property in British Columbia. The age of 202.8 +/-0.8 Ma supports the existence of calc alkaline porphyry mineralization similar to that of the Quesnel Terrane. Interra is awaiting results from additional drilling and sampling, although delays are expected due to logistical challenges.
Interra Copper Corp. (CSE: IMCX; OTCQB: IMIMF) reports initial drilling results from the Cathedral Area of its Thane Property in British Columbia. Drill holes TH21-1, TH21-2, and TH21-5 intersected low-grade copper-gold and moderate molybdenum mineralization at various depths. Significant findings include 5.07 meters of 0.14% Copper in TH21-1 and 14.90 meters of 0.17% Copper in TH21-2. The drill program aims to expand mineralization knowledge and confirm geological models. Further results from additional drill holes are forthcoming, indicating promising exploration potential in the area.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) has successfully closed a non-brokered private placement, raising a total of $201,500. This included issuing 925,000 flow-through units at $0.20 each and 110,000 non-flow-through units at $0.15 each. The funds will primarily support exploration activities on the Thane Property in British Columbia, with completion expected by December 31, 2022. Related party transactions were disclosed, with key executives participating in the placement. All securities issued are subject to a four-month hold period under Canadian securities laws.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) announced the completion of further geophysical and geochemical work at its Thane Property in British Columbia. The results support the presence of a copper porphyry system, with significant soil anomalies reported, including up to 2,100 ppm Cu. A total of 44 soil samples averaged 733 ppm Cu. The exploration has identified several bulk-tonnage copper-gold targets, with the Gail zone becoming a priority for the upcoming summer program. CEO Jason Nickel emphasized the positive geological results over nine years of investment.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has filed a N.I. 43-101 compliant technical report on its Thane Property in British Columbia, effective July 12, 2021. This report details exploration history and recent geophysical work. The company is in a solid cash position due to a CDN $2.7 million financing completed earlier in 2021. While awaiting assay results from the summer drill program, management has opted to discontinue work on the Bullard Pass project to focus entirely on Thane.
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