Summary.
Interra Copper (CSE: IMCX, OTCQB: IMIMF, FRA:3 MX) is an expedition and advancement business with respected properties in Canada and Chile, both tier-1 jurisdictions.
Interra’s 2 expedition homes in British Columbia, Canada – Thane and Chuck Creek – show considerable capacity to increase investor worth as they are checked out. The 20,658-hectare Thane job lies in the Quesnel Terrane of Northern BC and includes 6 high-priority target locations with considerable copper and rare-earth element mineralization, consisting of state-of-the-art silver and gold. The roughly 3,356-hectare Chuck Creek property likewise has historic silt sample concentrations approximately a substantial 58,600 parts per billion (ppb) gold.
In September 2023, Interra participated in a non-binding letter of intent for a prospective 80-percent earn-in and joint endeavor contract with ArcWest Expedition for its Rip Copper-Molybdenum Job in Central BC. The 2,309-hectare Rip job lies in Stikine Terrane in a respected belt of Late Cretaceous (Bulkley Plutonic Suite) porphyry copper-molybdenum deposits, that includes Imperial Metals’ Huckleberry Mine, 33 kilometers to the southwest and currently on care and upkeep. The Bulkley porphyry belt likewise consists of the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits.
The business’s 3 copper properties in Chile are all within a respected Chilean copper belt: Tres Marias and Zenaida in the Antofagasta Area, and Pitbull in Tarapaca Area. With a substantial land plan covering 16,250 hectares, Interra’s Chilean jobs remain in the business of a few of the world’s biggest mines owned by worldwide mining companies, consisting of Glencore, Anglo American, Teck Resources and BHP. As the leading worldwide manufacturer of copper accountable for 28 percent of the world’s supply, Chile’s mining-friendly policies and developed facilities supply self-confidence in the possible advancement of Interra’s Chilean copper properties.
Interra Copper finished Stage 1 of the drilling program at Tres Marias, which started on Might 24, 2023, with 6 RC holes amounting to 1,896 meters drilled. Samples were sent out to ALS Global in Santiago for analysis.
A skilled management group leads Interra towards completely exploring its properties and increasing investor worth.
The management group is backed by a board of advisers of noteworthy mining market professionals that consist of Mike Ciricillo who has actually worked as president of Freeport McMoRan Africa and as head of around the world copper properties for Glencore (LON: GLEN); Rich Leveille whose last business position was senior vice president of expedition for Freeport-McMoRan, Dave Garofalo who has actually led the greatest mining names Goldcorp, Hudbay Minerals, Agnico-Eagle Mines and Inmet Mining in various capabilities; and Dr. Mark Cruise who established and led Trevali Mining from a preliminary discovery stage into a top-ten worldwide zinc manufacturer. It is likewise crucial to keep in mind that director Rick Gittleman has actually held noteworthy positions at Glencore SA and Freeport-McMoRan Africa.
Interra Copper owns 2 jobs in Canada with early-stage expedition in tested copper districts. Both properties have blue-sky capacity as expedition continues.
Thane Job
The Thane Copper Job in British Columbia covers 20,658 hectares and has actually gotten US$ 5.5 million in expedition financial investment. The appealing job is ideal in between Kerness and Mt. Milligan copper mines. Found in the Quesnel Terrane of Northern BC, Thane includes 6 high-priority target locations with considerable copper and rare-earth element mineralization, consisting of state-of-the-art silver and gold.
Chuck Creek Job
Interra Copper’s 2nd BC job covers 3,357 hectares and borders Tasekao’s respected Yellowhead job, which has actually an approximated 817 million tonnes of resources.
Tres Marias Copper Job
The business’s flagship copper property is a mid-stage property covering 16,250 hectares and is 30 kilometers north of BHP’s respected Spence Mine. Tres Marias lies in Antofagasta, Chile, a respected copper belt. The property is drill-ready, with 3 big top priority targets recognized. Historic drilling performed at the home returned considerable copper assays, consisting of: 2.4 meters at 3.1 percent copper and 19 parts per million (ppm) silver, and 4 meters at 4.5 copper and 121.5 ppm silver. Interra finished its stage 1 drilling program at Tres Marias, with 6 RC holes amounting to 1,896 meters drilled. Samples were sent out to ALS Global in Santiago for analysis.
Pitbull Copper Job
Found in Tarapaca, Chile, the early-stage Pitbull property covers 2,000 hectares and is 25 kilometers north of Anglo-American/Glencore’s Collahuasi mine. The job lies in an upper Eocene-lower Oligocene copper belt at around 3,800 to 4,100 meters with year-round elevation. This is a geological zone comparable to the respected Callahuasi mine and suggests the property’s capacity. Preliminary samples revealed high anomalous worths in copper. Outcomes consist of 4.9 percent and 2 percent copper from 2 veins and 0.94 percent copper in chips from drill holes, in addition to gold, silver, lead and zinc.
Zenaida Copper Job
The Zenaida property remains in Antofagasta, Chile, a respected copper belt. Zenaida is an early-stage expedition job covering 1,800 hectares with considerable blue-sky capacity. Historic geophysical outcomes reveal appealing geological developments that require more analysis. Interra Copper will act on historic outcomes as it continues with expedition in the future.
Management Group.
Chris Buncic – Director, President and CEO
Chris Buncic was a co-founder and CEO of Alto Verde Copper. He was president and CEO of Ascendant Resources where the group gotten and brought back success to the El Mochito mine in Honduras and significantly advanced the expedition efforts of the Lagoa Salgada job in Portugal. He has actually served in senior management functions at a number of Canadian corporations in the innovation and resources sectors for the previous 10 years. His experience consists of 6 years in Institutional Equity Research study at leading Canadian independent full-service brokerage companies Cormark Securities and Mackie Research Study Capital. Buncic is a CFA charter holder and has an MBA from Schulich School of Service and B.A.Sc. from the University of Toronto. He belongs to the Expert Engineers of Ontario and the CFA Society.
Jason Nickel – Director and COO
Jason Nickel is a knowledgeable mining executive, engineer, financier and business owner with a varied 25-year mining background in operations, engineering, expediency and exploration/development of equity capital jobs. Most just recently, he held a position as mine supervisor for a substantial Canadian emerging gold manufacturer, leading the production and advancement of brand-new underground and pit operations. He has actually offered management and consulting services to the market given that 2008 and has actually been greatly included with a number of junior resource public business and mining job start-ups, primarily in BC and the Arctic. Given that 2011, Nickel has actually served on 4 TSXV/ CDNX/ CSE endeavor business boards. He holds a degree in mine engineering from UBC and a GDBA in company administration from SFU Segal Graduate School of Service. His previous experience consists of a number of functions from mine organizer, senior mine engineer, mine supervisor, to primary engineer, mine supervisor and vice-president, mainly in copper and gold operations and jobs.
Rick Gittleman – Director
Rick Gittleman is a legal, federal government relations and public affairs executive with over 35 years of experience encouraging international business on M&A, job financing, mining, oil and gas, farming and power jobs around the world. Most just recently he worked as Senior citizen Executive supervising legal concerns and stakeholder engagement at Glencore SA where he established business methods to enhance relations with federal government, neighborhood and civil society stakeholders at mine websites in Chile, Peru and Argentina. Preceding that, Gittleman held the position of senior vice-president for legal affairs and stakeholder engagement at Freeport-McMoRan Africa, where over his 7-year period managed the Tenke Fungurume mine in the Democratic Republic of Congo from advancement through to complete industrial production. He likewise has twenty years’ experience as a partner at Akin Gump Strauss Hauer & & Feld where he dealt with merger, acquisitions and job financing in the energy and mining sectors.
Oliver Foeste – Chief Financial Officer
Oliver Foeste is the creator and handling partner of Invictus Accounting Group and brings over ten years of monetary reporting and executive experience throughout many markets consisting of junior expedition and mining business. Foeste has actually held senior management and executive positions in international and little capitalization business noted in Canada and the United States.
Dr. Thomas Hawkins – VP of Expedition
Thomas Hawkins is a certified individual under National Instrument 43-101 as a signed up expert geologist (EGBC) who has almost twenty years of worldwide experience recognizing, examining, and advancing mineral expedition jobs. He finished in 2004 from Imperial College, London, with a Master’s in Geology and Geophysics, and got a PhD in geology in 2012 from the Nature Museum, UK. Hawkins has comprehensive experience handling jobs in Ghana, Mexico, Canada, U.S.A., UK, and Kazakhstan. Most just recently, Hawkins belonged to the Kenorland Minerals group that found the Regnault deposit and was vice-president of expedition of Northway Resources, a Vancouver-based Alaska expedition business. In 2018, as president of Vanmin Advancement, Hawkins found the Vanadium Pass deposit in British Columbia. His PhD research study advanced the understanding of the Main Asian deposit camps and IOCG-type deposits.
Oscar Oviedo – Nation Supervisor, Chile
Oscar Oviedo is an expedition geologist with over twenty years of experience in the expedition and discovery of copper deposits in Latin America. Oviedo most just recently worked as job geologist for Freeport-McMoRan South America Ltda. In Chile, he played an important part in the discovery of the Don Manuel copper job over his 13-year period. He invested 7 years as an expedition geologist at Minera Phelps Dodge of Peru SAC. where he was associated with the discovery of the Haquira deposit. Oviedo holds a degree in engineering geology from the National University of San Agustin in Peru.
David McAdam – Director
David McAdam has more than thirty years of financing and operations experience in big and little capitalization business, where has actually been the monetary lead in raising over $250 million in equity and protecting over $100 million in financial obligation. He has actually been the primary monetary officer of a number of public and personal business consisting of a number of public and personal BC-based mining business (one a Vancouver-based TSX business with producing properties in South Africa and public reporting throughout the TSX-AIM-JSE exchanges).
Scott Young – Director
Scott Young has actually worked as a business governance and interactions specialist given that 2000 in the innovation, mining and pharmaceutical markets, with customers trading on both Canadian and American stock exchanges. In 2020 he was an internal specialist with Alda Pharmaceuticals which was called in the TSXV Top 50 noted business the very same year. He was the handling director of Sonoma Resources, which finished a reverse takeover of Aspect Way of life Retirement in December 2015.
Advisors to the Board
Mike Ciricillo – Unique Consultant
Mike Ciricillo is a mining executive with over thirty years of functional and job experience, having actually lived and dealt with 5 continents throughout his profession. He started his profession in 1991 at INCO in Canada and later on signed up with Phelps Dodge in 1995 which was gotten by Freeport-McMoRan. There he served in positions of increasing obligation in the United States, Chile, The Netherlands, and the Democratic Republic of Congo (DRC). In the DRC, He worked as president of Freeport McMoRan Africa and invested 5 years at Tenke Fungurume from the building and construction stage into the operations stage. He then signed up with Glencore in 2014 as head of copper operations in Peru, followed by the function of head of copper smelting operations, and ultimately, he was put in the function of head of Glencore’s around the world copper properties. He is presently president of the natural deposits sector for the NANA Corporation in Alaska.
Dr. Mark Cruise – Unique Consultant
Dr. Mark Cruise is an expert geologist with over 27 years of worldwide mining experience, in Europe, the Americas and Africa. Cruise established and was ceo of Trevali Mining where under his management, the business grew from a preliminary discovery into a top-ten worldwide zinc manufacturer with operations in the Americas and Africa. He has actually worked as vice-president for company advancement and expedition, COO and CEO for a number of TSX, TSX-Venture and NYSE-Americas noted expedition and advancement business.
Abundant Leveille – Unique Consultant
Abundant Leveille has a life time’s worth of experience in the mining sector, having actually matured in significant copper camps in the western United States where his dad worked for Kennecott. He has a BS in Geology from the University of Utah and an MS in geology at the University of Alaska, Fairbanks. He worked for a development of business consisting of AMAX, Kennecott, Rio Tinto, Phelps Dodge and Freeport-McMoRan in the United States and worldwide, where he was straight included with and/or handled groups that made a number of significant discoveries. His last business position was senior vice-president of expedition for Freeport-McMoRan, based in Phoenix. Leveille retired in September 2017 and has actually committed his time ever since to hiking, backpacking, fishing, composing, advocacy for immigrants and geological consulting.
David Garofalo – Unique Consultant
David Garofalo is presently chairman and CEO of Gold Royalty, chairman of Fantastic Panther Mining, and chairman and CEO of the Marshall Valuable Metals Fund. Previously, he was the president and CEO of Goldcorp, and formerly president, CEO and director of Hudbay Minerals, (2010-2016), senior vice-president of financing and CFO and director of Agnico-Eagle Mines( 1998-2010) and treasurer of Inmet Mining (1990-1998). Garofalo was acknowledged as the Mining Individual of the Year by the Northern Miner in 2012 and was called Canada’s CFO of the Year by Financial Executives International Canada in 2009.