Copper Quest Exploration Inc. (IMIMF)
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Aurwest Enters Purchase & Sale Agreement for Sale of Stars Porphyry Copper-Moly Project
CALGARY, AB / ACCESSWIRE / October 7, 2024 / Aurwest Resources Corporation ("Aurwest" or the "Company") (CSE:AWR) is pleased to announce that the Company has entered into a Purchase & Sale Agreement (the "Purchase & Sale Agreement") dated October 4th, 2024 with Interra Copper Corp. (CSE:IMCX)(OTCQB:IMIMF)(FRA:3MX) ("Interra") pursuant to which, and subject to the terms and conditions contained therein, the Company will sell 100% right, title, and interest in the Stars Property (the "Property"), an early-stage porphyry copper-molybdenum discovery, covering 3,761 hectares ("ha") in central British Columbia (the "Acquisition"). Highlights Upon closing, Aurwest will receive an aggregate cash and equity consideration of approximately $1.1 million(1) comprised of $250,000 in cash, 10 million common shares and 2.5 million common share purchase warrants of Interra.
Expert Says You Won't Get This Copper Stock at a Better Price
Interra Copper Corp. is a company that is considered to be extremely undervalued on both fundamental and technical grounds at this time and is accordingly rated an Immediate Strong Buy. Before we review the latest stock charts, we will see what the company has going for it fundamentally.
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Copper Quest Exploration Inc. Profile
| Metals & Mining Industry | Materials Sector | Mr. Brian G. Thurston P.Geo. CEO | OTC PINK Exchange | CA46072A2020 ISIN |
| CA Country | - Employees | - Last Dividend | 2 May 2022 Last Split | - IPO Date |
Overview
Interra Copper Corp. is a junior mineral exploration company based in Canada, focusing on the acquisition, exploration, and development of natural resource properties. Originally known as IMC International Mining Corp., the company underwent a name change to Interra Copper Corp. in May 2021, marking a new chapter in its corporate evolution. The company's exploration activities are concentrated in British Columbia, a region known for its rich mineral deposits. With a keen interest in gold, copper, and silver properties, Interra Copper Corp. is strategically positioned within the Quesnel Terrane of northcentral British Columbia, an area with significant exploration potential. Incorporated in 2018, the company has its corporate headquarters in Vancouver, Canada, serving as a hub for its operations and exploration projects.
Products and Services
- Thane Property Exploration
- Chuck Creek Property Acquisition
This product involves the exploration and evaluation of the Thane property, which spans an impressive area of 50,904 acres. Located within the mineral-rich Quesnel Terrane of northcentral British Columbia, the Thane property holds promising potential for gold, copper, and silver deposits. Interra Copper Corp.’s exploration efforts are aimed at uncovering the full extent of mineral resources within this vast acreage, leveraging cutting-edge exploration techniques and methodologies to assess the property's viability for future development.
Another significant aspect of Interra Copper Corp.'s business operations involves an option agreement to acquire an interest in the Chuck Creek property. Covering an area of 8,293 acres, this property is situated in central British Columbia, a region known for its untapped mineral resources. Through this strategic option agreement, Interra Copper seeks to expand its exploration portfolio and enhance its resource base by gaining access to the Chuck Creek property's potential mineral deposits. This move underscores the company's commitment to growth and its pursuit of new opportunities in the dynamic field of mineral exploration.
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