As described in the Forbes article below, companies and individuals are urgently accumulating copper assets, and the lack of new supply and slow response to demand forecasts are creating a potential investment opportunity for those interested in copper.
Interra Copper (IMCX.c or IMIMF for US investors), owns five copper properties - two in Canada and three in Chile. For investors seeking promising copper exploration companies, IMCX could be a promising opportunity.
Located on a highly productive copper belt, IMCX's three projects in Chile - Tres Marias, Pitbull, and Zenaida - have significant potential for copper discoveries. Among the three, Tres Marias is the most advanced project.
IMCX is currently conducting an exploration program at Tres Marias, and shared more details on its plans for the first phase of exploration today.
IMCX is planning to complete 10,500m of Reverse-Circulation drilling at the project. The three target areas identified using past geophysical surveys will be focused on.
The company is also undertaking follow-up work on detailed magnetic surveys, with results of a 3D-Induced Polarization survey outlining encouraging chargeability and resistivity results. The initial focus will be on the Eastern Target area of the project.