Tenement Grant Expands Bangemall Ni-Cu-PGE Venture
Evaluation
Interra Copper (CSE:IMCX, OTCQB:IMIMF, FRA:3MX) is an exploration and construction corporate with prolific property in Canada and Chile, each tier-1 jurisdictions.
Interra’s two exploration homes in British Columbia, Canada – Thane and Chuck Creek – exhibit important doable to extend shareholder worth as they’re explored. The 20,658-hectare Thane undertaking is situated within the Quesnel Terrane of Northern BC and incorporates six high-priority goal spaces with important copper and valuable steel mineralization, together with high-grade silver and gold. The roughly 3,356-hectare Chuck Creek asset additionally has historic silt pattern concentrations as much as an important 58,600 portions consistent with billion (ppb) gold.
In September 2023, Interra entered right into a non-binding letter of intent for a possible 80-percent earn-in and three way partnership settlement with ArcWest Exploration for its Rip Copper-Molybdenum Venture in Central BC. The two,309-hectare Rip undertaking is situated in Stikine Terrane in a prolific belt of Past due Cretaceous (Bulkley Plutonic Suite) porphyry copper-molybdenum deposits, which contains Imperial Metals’ Huckleberry Mine, 33 kilometers to the southwest and at this time on care and upkeep. The Bulkley porphyry belt additionally comprises the Whiting Creek, Poplar, Seel and Ox Cu-Mo (gold-silver) deposits.
The corporate’s 3 copper property in Chile are all inside of a prolific Chilean copper belt: Tres Marias and Zenaida within the Antofagasta Area, and Pitbull in Tarapaca Area. With an important land bundle spanning 16,250 hectares, Interra’s Chilean initiatives are within the corporate of one of the vital global’s biggest mines owned via world mining corporations, together with Glencore, Anglo American, Teck Assets and BHP. As the highest world manufacturer of copper chargeable for 28 % of the sector’s provide, Chile’s mining-friendly insurance policies and established infrastructure supply self assurance within the doable construction of Interra’s Chilean copper property.
Interra Copper finished Segment 1 of the drilling program at Tres Marias, which started on Would possibly 24, 2023, with six RC holes totalling 1,896 meters drilled. Samples have been despatched to ALS World in Santiago for research.
A professional management workforce leads Interra towards absolutely exploring its property and lengthening shareholder worth.
The management workforce is sponsored via an advisory board of notable mining business mavens that come with Mike Ciricillo who has served as president of Freeport McMoRan Africa and as head of globally copper property for Glencore (LON:GLEN); Wealthy Leveille whose final company place was once senior vp of exploration for Freeport-McMoRan, Dave Garofalo who has led the most important mining names Goldcorp, Hudbay Minerals, Agnico-Eagle Mines and Inmet Mining in numerous capacities; and Dr. Mark Cruise who based and led Trevali Mining from an preliminary discovery section right into a top-ten world zinc manufacturer. It’s also essential to notice that director Rick Gittleman has held notable positions at Glencore SA and Freeport-McMoRan Africa.
Interra Copper owns two initiatives in Canada with early-stage exploration in confirmed copper districts. Each property have blue-sky doable as exploration continues.
Thane Venture
The Thane Copper Venture in British Columbia covers 20,658 hectares and has gained US$5.5 million in exploration funding. The promising undertaking is true between Kerness and Mt. Milligan copper mines. Situated within the Quesnel Terrane of Northern BC, Thane incorporates six high-priority goal spaces with important copper and valuable steel mineralization, together with high-grade silver and gold.
Chuck Creek Venture
Interra Copper’s 2nd BC undertaking covers 3,357 hectares and borders Tasekao’s prolific Yellowhead undertaking, which has an estimated 817 million tonnes of sources.
Tres Marias Copper Venture
The corporate’s flagship copper asset is a mid-stage asset protecting 16,250 hectares and is 30 kilometers north of BHP’s prolific Spence Mine. Tres Marias is situated in Antofagasta, Chile, a prolific copper belt. The asset is drill-ready, with 3 massive precedence objectives recognized. Ancient drilling carried out on the assets returned important copper assays, together with: 2.4 meters at 3.1 % copper and 19 portions consistent with million (ppm) silver, and four meters at 4.5 copper and 121.5 ppm silver. Interra finished its section 1 drilling program at Tres Marias, with six RC holes totalling 1,896 meters drilled. Samples have been despatched to ALS World in Santiago for research.
Pitbull Copper Venture
Situated in Tarapaca, Chile, the early-stage Pitbull asset covers 2,000 hectares and is 25 kilometers north of Anglo-American/Glencore’s Collahuasi mine. The undertaking is situated in an higher Eocene-lower Oligocene copper belt at round 3,800 to 4,100 meters with year-round elevation. This can be a geological zone very similar to the prolific Callahuasi mine and signifies the asset’s doable. Preliminary samples confirmed excessive anomalous values in copper. Effects come with 4.9 % and a couple of % copper from two veins and nil.94 % copper in chips from drill holes, along with gold, silver, lead and zinc.
Zenaida Copper Venture
The Zenaida asset is in Antofagasta, Chile, a prolific copper belt. Zenaida is an early-stage exploration undertaking protecting 1,800 hectares with important blue-sky doable. Ancient geophysical effects display promising geological formations that warrant additional research. Interra Copper will practice up on historic effects because it proceeds with exploration sooner or later.
Control Group
Chris Buncic – Director, President and CEO
Chris Buncic was once a co-founder and CEO of Alto Verde Copper. He was once president and CEO of Ascendant Assets the place the workforce got and restored profitability to the El Mochito mine in Honduras and very much complex the exploration efforts of the Lagoa Salgada undertaking in Portugal. He has served in senior control roles at a number of Canadian firms within the era and sources sectors for the previous ten years. His revel in comprises six years in Institutional Fairness Analysis at main Canadian unbiased full-service brokerage corporations Cormark Securities and Mackie Analysis Capital. Buncic is a CFA constitution holder and has an MBA from Schulich College of Trade and B.A.Sc. from the College of Toronto. He’s a member of the Skilled Engineers of Ontario and the CFA Society.
Jason Nickel – Director and COO
Jason Nickel is an skilled mining govt, engineer, investor and entrepreneur with a various 25-year mining background in operations, engineering, feasibility and exploration/construction a big gamble capital initiatives. Maximum lately, he held a place as mine supervisor for an important Canadian rising gold manufacturer, main the manufacturing and construction of recent underground and pit operations. He has supplied control and consulting services and products to the business since 2008 and has been closely concerned with a number of junior useful resource public firms and mining undertaking start-ups, basically in BC and the Arctic. Since 2011, Nickel has served on 4 TSXV / CDNX / CSE project corporate forums. He holds some extent in mine engineering from UBC and a GDBA in trade management from SFU Segal Graduate College of Trade. His earlier revel in comprises a number of roles from mine planner, senior mine engineer, mine foreman, to leader engineer, mine supervisor and vice-president, basically in copper and gold operations and initiatives.
Rick Gittleman – Director
Rick Gittleman is a criminal, govt members of the family and public affairs govt with over 35 years of revel in advising multinational firms on M&A, undertaking finance, mining, oil and fuel, agriculture and gear initiatives around the globe. Maximum lately he served as Senior Govt overseeing criminal problems and stakeholder engagement at Glencore SA the place he advanced company methods to reinforce members of the family with govt, group and civil society stakeholders at mine websites in Chile, Peru and Argentina. Previous that, Gittleman held the location of senior vice-president for criminal affairs and stakeholder engagement at Freeport-McMoRan Africa, the place over his 7-year tenure oversaw the Tenke Fungurume mine within the Democratic Republic of Congo from construction thru to complete industrial manufacturing. He additionally has twenty years’ revel in as a spouse at Akin Gump Strauss Hauer & Feld the place he labored on merger, acquisitions and undertaking finance within the power and mining sectors.
Oliver Foeste – Leader Monetary Officer
Oliver Foeste is the founder and managing spouse of Invictus Accounting Workforce and brings over 10 years of monetary reporting and govt revel in throughout a lot of industries together with junior exploration and mining firms. Foeste has held senior control and govt positions in multinational and small capitalization firms indexed in Canada and the USA.
Dr. Thomas Hawkins – VP of Exploration
Thomas Hawkins is a certified particular person beneath Nationwide Device 43-101 as a registered skilled geologist (EGBC) who has just about twenty years of global revel in figuring out, assessing, and advancing mineral exploration initiatives. He graduated in 2004 from Imperial Faculty, London, with a Grasp’s in Geology and Geophysics, and received a PhD in geology in 2012 from the Herbal Historical past Museum, UK. Hawkins has intensive revel in managing initiatives in Ghana, Mexico, Canada, USA, UK, and Kazakhstan. Maximum lately, Hawkins was once a part of the Kenorland Minerals workforce that came upon the Regnault deposit and was once vice-president of exploration of Northway Assets, a Vancouver-based Alaska exploration corporate. In 2018, as president of Vanmin Building , Hawkins came upon the Vanadium Go deposit in British Columbia. His PhD analysis furthered the working out of the Central Asian deposit camps and IOCG-type deposits.
Oscar Oviedo – Nation Supervisor, Chile
Oscar Oviedo is an exploration geologist with over twenty years of revel in within the exploration and discovery of copper deposits in Latin The us. Oviedo maximum lately served as undertaking geologist for Freeport-McMoRan South The us Ltda. In Chile, he performed an essential component within the discovery of the Don Manuel copper undertaking over his 13-year tenure. He spent seven years as an exploration geologist at Minera Phelps Dodge of Peru SAC. the place he was once concerned within the discovery of the Haquira deposit. Oviedo holds some extent in engineering geology from the Nationwide College of San Agustin in Peru.
David McAdam – Director
David McAdam has over 30 years of finance and operations revel in in massive and small capitalization firms, the place has been the monetary lead in elevating over $250 million in fairness and securing over $100 million in debt. He has been the manager monetary officer of a number of private and non-private firms together with a number of private and non-private BC-based mining firms (one a Vancouver-based TSX corporate with generating property in South Africa and public reporting around the TSX-AIM-JSE exchanges).
Scott Younger – Director
Scott Younger has labored as a company governance and communications advisor since 2000 within the era, mining and pharmaceutical industries, with shoppers buying and selling on each Canadian and American inventory exchanges. In 2020 he was once an in-house advisor with Alda Prescription drugs which was once named within the TSXV Best 50 indexed firms the similar yr. He was once the managing director of Sonoma Assets, which finished a opposite takeover of Component Way of life Retirement in December 2015.
Advisors to the Board
Mike Ciricillo – Particular Marketing consultant
Mike Ciricillo is a mining govt with over 30 years of operational and undertaking revel in, having lived and labored on 5 continents all the way through his occupation. He started his occupation in 1991 at INCO in Canada and later joined Phelps Dodge in 1995 which was once got via Freeport-McMoRan. There he served in positions of accelerating accountability in the USA, Chile, The Netherlands, and the Democratic Republic of Congo (DRC). Within the DRC, He served as president of Freeport McMoRan Africa and spent 5 years at Tenke Fungurume from the development section into the operations section. He then joined Glencore in 2014 as head of copper operations in Peru, adopted via the position of head of copper smelting operations, and ultimately, he was once positioned within the position of head of Glencore’s international copper property. He’s these days president of the herbal sources sector for the NANA Company in Alaska.
Dr. Mark Cruise – Particular Marketing consultant
Dr. Mark Cruise is a qualified geologist with over 27 years of global mining revel in, in Europe, the Americas and Africa. Cruise based and was once leader govt officer of Trevali Mining the place beneath his management, the corporate grew from an preliminary discovery right into a top-ten world zinc manufacturer with operations within the Americas and Africa. He has served as vice-president for trade construction and exploration, COO and CEO for a number of TSX, TSX-Mission and NYSE-Americas indexed exploration and construction firms.
Wealthy Leveille – Particular Marketing consultant
Wealthy Leveille has a life-time’s price of revel in within the mining sector, having grown up in primary copper camps within the western US the place his father labored for Kennecott. He has a BS in Geology from the College of Utah and an MS in geology on the College of Alaska, Fairbanks. He labored for a development of businesses together with AMAX, Kennecott, Rio Tinto, Phelps Dodge and Freeport-McMoRan in america and the world over, the place he was once without delay concerned with and/or controlled groups that made a number of primary discoveries. His final company place was once senior vice-president of exploration for Freeport-McMoRan, founded in Phoenix. Leveille retired in September 2017 and has trustworthy his time since then to mountaineering, backpacking, fishing, writing, advocacy for immigrants and geological consulting.
David Garofalo – Particular Marketing consultant
David Garofalo is these days chairman and CEO of Gold Royalty, chairman of Nice Panther Mining, and chairman and CEO of the Marshall Treasured Metals Fund. Previously, he was once the president and CEO of Goldcorp, and in the past president, CEO and director of Hudbay Minerals, (2010-2016), senior vice-president of finance and CFO and director of Agnico-Eagle Mines(1998-2010) and treasurer of Inmet Mining (1990-1998). Garofalo was once known because the Mining Particular person of the 12 months via the Northern Miner in 2012 and was once named Canada’s CFO of the 12 months via Monetary Executives Global Canada in 2009.
