As an essential metal with rapidly growing demand driven by the expanding renewable energy industry and electric vehicle market, copper has stable and long-term investment potential. It's vital role in driving the global economy, is expected to continue to drive its value up as copper plays a critical role in the development of green technologies.
One copper exploration company that presents a compelling opportunity is Interra Copper (IMCX.c IMIMF).
IMCX's upcoming 2023 exploration program is focused on its flagship Tres Marias Copper Project in Chile and will consist of 10,500m of reverse circulation drilling across three target areas within the over 16,000ha of contiguous concessions.
The objective of the program is to test a number of previously identified targets with phase 1 focusing on the Easter 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.
Located in the Chilean Copper Belt, Tres Marias is in close proximity to several of the world's 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).
Notably, 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.
Posted on behalf of Interra Copper Corp