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Interra Copper reveals positive results from Thane Project

Market News, Mining
CSE:IMCX
22 November 2024 12:47 (EST)
Thane Property

Source: Interra Copper

Interra Copper (CSE:IMCX) reveals results from a recent geological review of its Thane Copper Gold Project in British Columbia.

In a news release, the company stated results include samples at the Banana showing from 18615 on the southern portion of the zone, returning 3.82 percent copper and 0.218 grams per tong gold.

Other results include samples 18620 and 18617 from near the centre of the zone which returned 7.16 per cent copper and 0.472 grams per ton gold and 1.65 per cent copper and 0.746 grams per ton gold.

“Interra’s 100 per cent owned Thane property has some of BC’s most intense stream sediment anomalies as well as broad zones of alteration and anomalous copper and gold mineralization, providing strong evidence for the presence of a buried porphyry copper-gold deposit,” Brian Thurston, CEO of Interra Copper, said in a news release. “The Bananas showing comprises high-grade mineralization in permeable rocks where deeper portions of the broader hydrothermal system may have been channeled closer to surface. This provides even more compelling evidence for a robust mineral system with economic potential at Thane. We are excited to follow up on this important discovery during the 2025 field season.”

The Thane copper-gold project is located in an underexplored portion of the northern Quesnel Terrane, roughly 11 kilometres (km) southeast of the past-producing Kemess South mine and 13 km northwest of the Mount Milligan mine.

Back in August, a specialist from the Equity Exploration and Accretive Metals Advisory completed a review of 19 targets within the property. According to the company’s evaluation and field observation, Thane has a significant alkalic copper-gold porphyry potential comparable to other nearby mines.

Meanwhile follow-up reconnaissance of the Bananas showing in September 2024, included preliminary delineation of the mineralized zone over an approximately 200 m strike length in exposures spanning approximately 100 vertical metres.

Additionally, 14 geochemical samples were collected along 170 m of the exposed length of the showing. Results range from 0.01 to 7.16 per cent copper and 0.003 to 0.746 g/t gold, with anomalous concentrations of silver ranging from 0.13 to 27.7 g/t and molybdenum, ranging from 3 to 156 parts per million.

The Thane Project located in the Quesnel Terrane of British Columbia spans over 20,658 ha with 10 high-priority targets identified demonstrating significant copper and precious metal mineralization.

Interra Coppe is focused oh the exploration and development of its two early-stage copper exploration assets located in British Columbia, Canada.

Shares of Interra Copper are up 23.53 per cent to C$0.105 as of 12:03 p.m. ET.

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(Top image: Interra Copper)



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