As it is becoming more clear that we're headed to a commodities supercycle with the lag between commodity price signals and changes in supply is widening, there is a significant market opportunity coming for new comers to enter the market.
Don't believe it? Here's what Robert Friedland has to say on mining and the energy transition: https://twitter.com/robert_ivanhoe/status/1661751593023467528
The electrification of the world economy is going to demand more and more materials and, as a critical component in electric vehicles, renewable energy systems, and advanced electronics, copper is emerging as an essential metal with rapidly growing demand that is driving copper's value in the global economy.
Interra Copper (IMCX.c IMIMF) provides a compelling and early stage investment opportunity having recently commenced drill and crew mobilization at its Tres Marias Copper Project in Chile.
Consisting of 10,500m of reverse circulation drilling across three target areas within IMCX's 16,000ha of contiguous concessions, the program will focus on the Eastern target area where historical exploration results outline anomalies indicative of porphyry copper deposit mineralization as well as a hydrothermally altered system containing Zn-Ag-Pb-Cu polymetallic mineralization.
Local business and experienced drilling contractor servicing many large producing mines in Chile, Sociedad Perforaciones E Inginiera Chile Limitada, has been contracted to perform the first phase of the RC drilling campaign which will test several high priority geological and geophysical anomalies at the project.
Located in the Chilean Copper Belt, Tres Marias is in close proximity to several of the worlds largest mines including the largest copper mining company & largest mining company in the world BHP Billiton (BHP BHP.ax), Antofagasta Minerals (ANTO), Glencore (GLEN), and the second largest mining company in the world Freeport-McMoRan (FCX).
Tres Marias is one of three projects IMCX acquired from Freeport-McMoRan (FCX, $58B market cap), a unique arrangement as FCX rarely partners with junior exploration companies, demonstrating a significant level of confidence in IMCX and its stacked management team.
For more information on the upcoming exploration program, check out the latest news release : https://www.newsfilecorp.com/release/167278
Posted on behalf of Interra Copper Corp