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IMC International Mining Corp. Announces Thane Minerals Inc. Property Acquisition & Addition of Chairman, Greg Hawkins
With over 30 years of experience, Mr. Hawkins joins as chairman and currently sits on board of directors for New Pacific Metals Corp VANCOUVER, BC / ACCESSWIRE
About this update from Copper Quest Exploration Inc.
[{"type":"text","content":" With over 30 years of experience, Mr. Hawkins joins as chairman and currently sits on board of directors for New Pacific Metals Corp VANCOUVER, BC / ACCESSWIRE / February 13, 2020 / International Mining Corp (CSE:IMCX) (OTCPINK:IMIMF) (the \"Company\" or \"IMC\"), is pleased to announce that it has signed a Letter of Intent (\"LOI\") with Thane Minerals Inc. (\"Thane\") a private BC registered company, to acquire a 100% of Thane. Thane holds a 100% interest in the Cathedral property (the \"Cathedral Project\"), located in north-central British Columbia. The parties will now work toward a definitive agreement (\"Definitive Agreement\") with closing subject to several conditions, including, but not limited to, verification of valid concession licences, obtaining required permits, licenses and regulatory approvals. Property Details The Cathedral Project covers 206.94km2 (51,136 acres) and is situated in north-central British Columbia. The property is located within the Quesnel Terrane along the northeast contact of the Hogem Batholith, an alkalic suite of rocks hosting porphyry copper-gold deposits. The northern part of the Quesnel Terrane extends from south of the Mt. Milligan Mine northward to the Kemess Mine, with the Cathedral property located midway between these two copper-gold porphyry deposits. \"The Mount Milligan copper-gold porphyry deposit contains a combined Measured and Indicated Mineral Resource of 243.9 million tonnes (Mt) at 0.134% Cu and 0.226 grams per tonne (g/t) Au containing 717.7 million pounds (lbs) of copper and 1,769,000 ounces (oz) of gold and an Inferred Mineral Resource of 11.0 Mt at 0.306 g/t Au and 0.125% Cu, exclusive of Mineral Reserves,\"[1] while The Kemess Mine, also an open-pit copper-gold porphyry, \"produced approximately 3 million ounces of gold and 700 million pounds of copper over its life the mine. Near the Kemess Mine is the Kemess Underground Project, also owned by Centerra Gold. This separate deposit is currently in the development stage, and has not been approved for production.[2] Mineralization at the Cathedral Project area occurs within a structurally controlled, moderately west-dipping (tilted) alkalic porphyry system. The system is dominated by stockwork, disseminated and vein hosted porphyry-type mineralization within a propylitic and sodic-calcic altered quartz monzonite (Cathe...