Interra Copper Focuses Efforts Solely On Thane Property, Current Program On Budget
Interra Copper (CSE: IMCX) appears to be honing in on its Thane Property in North Central British Columbia. The firm this morning announced that it has elected to focus its entire efforts on the prospective copper property.
In doing so, the firm indicated this morning that it intends to not pursue further work at its Bullard Pass project in Arizona, with all resources now to be focused on Thane. The changes are said to be effective September 1, 2021.
While it wasn’t stated directly, the decision to focus on Thane serves as an indicator for the results the company expects to receive from its recently concluded 12 hole drill program at the copper property. The program saw a total of 2,774 metres drilled in aggregate, in search of copper-gold porphyry deposits with a focus on the Cathedral Zone.
Exploration of the property remains ongoing despite the completion of the drill program, with an IP survey currently underway, along with geochemistry and geological surveys. The program is said to be on budget, with assays from the drill program and soil and chip sampling expected soon.
Finally, the company this morning indicated that it has filed its 43-101 technical report of the company as of this morning, which focuses on historical work completed on the property, as well as work conducted by the company.
Interra Copper last traded at $0.11 on the CSE.
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