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.
With global supplies being depleted and demand only forcast to grow, indicators show we're headed to a commodities supercycle, resulting in a significant market opportunity coming for new streams of supply to enter the market for a range of commodities..
As the electrification of the world economy is going to demand more and more materials, marking the emergence of copper as an essential metal as it is a critical component in electric vehicles, renewable energy systems, and advanced electronics.
Located in the Chilean Copper Belt, IMCX's 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).
Consisting of 10,500m of reverse circulation drilling across three target areas within 16,000ha of contiguous concessions, IMCX's upcoming drill program will focus on the Eastern target area at Tres Marias 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.
Sociedad Perforaciones E Inginiera Chile Limitada, a local business and experienced drilling contractor servicing many large producing mines in Chile, 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.
IMCX President & CEO, Chris Buncic, commented
"With drill pad construction complete and contractors now on site, we look forward to seeing the results of our efforts thus far at Tres Marias. Drill hole evidence, coupled with our geophysical and geological interpretations, suggest a potential copper porphyry system to the west-southwest of historical work. Our geological team theorize that the Guacate East and Guacate West faults may have allowed for the transfer of mineralizing fluids from a deeper intrusive target, and the location of geophysical anomalies and surface alteration support this idea."
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