{kanada_flagge}Only recently, Interra Copper (CSE IMCX / WKN A3DHGP) completed its promising merger with Alto Verde Copper – analysts called the deal a “masterpiece” – with which it acquired three promising copper projects in Chile. For the most advanced project, Tres Marias, CEO Chris Buncic’s company has now presented the first exploration plan.
Only recently, Interra Copper (CSE IMCX / WKN A3DHGP) completed its promising merger with Alto Verde Copper – analysts called the deal a “masterpiece” – with which it acquired three promising copper projects in Chile. For the most advanced project, Tres Marias, CEO Chris Buncic’s company has now presented the first exploration plan.
Tres Marias was originally owned by Minera Freeport-McMoRan South America and the mining giant still holds a 49% stake in the project. Now, however, it is Interra that’s focussing on increasing the understanding of this copper project, which is located within the Paleocene copper porphyry belt about 30 kilometers west of the mining center of Calama and 30 kilometers north of BHP’s Spence mine.
Specifically, Interra first intends to drill 10,500 meters of reverse circulation holes distributed over three target areas within the property, which covers approximately 16,000 hectares. This will test a range of targets identified with past technical work, including reprocessing of historical ZTEM data and 3D inversion of this data, a 504 km high resolution UAV magnetic survey and a GDAS 3D survey with 29 line kilometers of induced polarization completed by Alto Verde Copper.
With things finally getting underway, it’s no wonder that Interra CEO Chris Buncic is looking forward to kicking off the drilling campaign at Tres Marias and testing the large coherent chargeability and resistivity anomalies that have been identified so far. Buncic pointed out that these lie in the same resource-rich copper belt as a host of producing mines, including Spence and Sierra Gorda. Initial work on Tres Marias showed, Buncic said, that the project had the potential for copper porphyry mineralization.
Initial drilling of 2,500 meters is being carried out on the target area in the eastern area of the project, which has been identified by historical data. However, technical work has since revealed that the anomalies in the Central and West targets are even stronger, so these will also be tested.
With the first holes planned, Interra is targeting to test various geophysical combinations from the ZTEM reprocessing, UAV MAG survey and IP/Resistivity survey, as well as the geological model, as they are located near the Guacate fault, which is likely to have imparted some structural control on the mineralization. The technical team has already begun preparations and the company hopes to mobilize for the exploration program in early May.
Conclusion: We are pleased that Interra, after closing the deal with Alto Verde, now wants to get down to business so quickly and take Tres Marias even further up the value curve. We will of course continue to report on this exciting, albeit still risky, copper play!
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