Copper Quest Exploration Inc. reports developments tied to a copper-gold mineral exploration portfolio in North America, with common shares principally listed on the Canadian Securities Exchange under CQX and quoted on OTCQB under IMIMF. Company news centers on project acquisitions, claim activity, exploration work, and technical targeting across its land holdings in Canada and the United States.
Recurring updates include the 100%-owned Kitimat Copper-Gold Project in northwestern British Columbia, AI-driven geological analysis, conductive porphyry target generation, historical mineralization context, and partnerships supporting exploration technology. The company also announces financing arrangements, securities-for-debt settlements, related-party transaction disclosures, and working-capital actions connected to its exploration programs.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) has reported a significant age dating study on mineralization at the Gail Area, conducted at the University of Alberta. The study utilized Re-Os radiometric dating of molybdenite from a quartz vein sample collected at the Thane Property in British Columbia. The age of 202.8 +/-0.8 Ma supports the existence of calc alkaline porphyry mineralization similar to that of the Quesnel Terrane. Interra is awaiting results from additional drilling and sampling, although delays are expected due to logistical challenges.
Interra Copper Corp. (CSE: IMCX; OTCQB: IMIMF) reports initial drilling results from the Cathedral Area of its Thane Property in British Columbia. Drill holes TH21-1, TH21-2, and TH21-5 intersected low-grade copper-gold and moderate molybdenum mineralization at various depths. Significant findings include 5.07 meters of 0.14% Copper in TH21-1 and 14.90 meters of 0.17% Copper in TH21-2. The drill program aims to expand mineralization knowledge and confirm geological models. Further results from additional drill holes are forthcoming, indicating promising exploration potential in the area.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) has successfully closed a non-brokered private placement, raising a total of $201,500. This included issuing 925,000 flow-through units at $0.20 each and 110,000 non-flow-through units at $0.15 each. The funds will primarily support exploration activities on the Thane Property in British Columbia, with completion expected by December 31, 2022. Related party transactions were disclosed, with key executives participating in the placement. All securities issued are subject to a four-month hold period under Canadian securities laws.
Interra Copper Corp. (CSE: IMCX, OTCQB: IMIMF) announced the completion of further geophysical and geochemical work at its Thane Property in British Columbia. The results support the presence of a copper porphyry system, with significant soil anomalies reported, including up to 2,100 ppm Cu. A total of 44 soil samples averaged 733 ppm Cu. The exploration has identified several bulk-tonnage copper-gold targets, with the Gail zone becoming a priority for the upcoming summer program. CEO Jason Nickel emphasized the positive geological results over nine years of investment.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has filed a N.I. 43-101 compliant technical report on its Thane Property in British Columbia, effective July 12, 2021. This report details exploration history and recent geophysical work. The company is in a solid cash position due to a CDN $2.7 million financing completed earlier in 2021. While awaiting assay results from the summer drill program, management has opted to discontinue work on the Bullard Pass project to focus entirely on Thane.
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Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Jason Nickel as the new CEO, effective immediately. Nickel, with 25 years of industry experience, aims to leverage the promising potential of the Thane Project, covering 206 km² in British Columbia. The current drilling program is on schedule, with early results indicating mineralization consistent with previous findings. Interim CEO Dave McMillan remains a director, supporting Nickel's transition. Initial assay results from drilling are expected shortly, enhancing investor confidence.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has appointed Gordon Neal to its Board of Directors as part of its ongoing Phase 1 drilling program on the Thane property in British Columbia. Neal brings over 30 years of capital markets experience and has previously raised over $700 million for various sectors. Additionally, he will join the Audit and Corporate Governance Committees. Neal has been granted 600,000 options exercisable at 22 cents over five years. The Thane property spans 206 km² and is strategically located between two significant copper-gold deposits.
Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF) has initiated its maiden drilling program on the Thane Property in North Central B.C., covering 206 square kilometers. The drilling, commencing in July, aims to explore potential copper-gold porphyry targets and structurally controlled mineralization. Phase 1 includes at least 2,400 meters of drilling at 8 locations, expected to be completed in 40 days, with core samples sent to ALS labs by mid-September. The company maintains a robust cash position and focuses on enhancing efficiency through in-field geochemical analyses.
Interra Copper Corp. has appointed Oliver Foeste as its new Chief Financial Officer, effective following the resignation of Jamie Lewin as of June 30, 2021. Foeste, founder of Invictus Accounting Group, has over 10 years of experience in financial reporting, particularly in junior exploration and mining sectors. The company has also granted 1,800,000 options at $0.22 to recently appointed directors and Foeste, with a vesting period of 18 months. Interra Copper focuses on advancing its assets in British Columbia and Arizona to enhance shareholder value.