Business
Intrepid Metals Mobilizes Drill and Renames Zones at Corral Copper Property in Arizona
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2024) - Intrepid Metals Corp. (TSXV: ...
About this update from Intrepid Metals Corp.
[{"type":"text","content":"Intrepid Metals Mobilizes Drill and Renames Zones at Corral Copper Property in ArizonaVancouver, British Columbia--(Newsfile Corp. - February 9, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) (\"Intrepid\" or the \"Company\") is pleased to announce that the drill rig for the upcoming initial 5,000 meter (\"m\") program has arrived on site at the Corral Copper Property (\"Corral\" or the \"Property\") in Cochise County, Arizona. \"We are excited for the next stage of our growth and to have the drill mobilized to site,\" said Ken Brophy, CEO of Intrepid. \"After 18 months of consolidating the Property via several different property transactions, we now have 9600 acres and a previously established 3 kilometer trend of impressive copper and gold mineralization within patented mining claims and additional surface rights. After compiling all the historical drill data and most recently completing our $6.6 million financing, we are well positioned to execute on our initial drill program and excited to have the opportunity to de-risk our Corral Copper Property and build substantial value for Intrepid and its shareholders.\"The 5,000m (23 hole) diamond drill program is expected to start at the Holliday Zone (previously Courtland North), where 7 holes (roughly 1,200m) are planned. The drill program will then continue on to the Earp Zone (previously Courtland South), where 5 holes (roughly 900m) are planned and finally to the Ringo Zone (previously Man), where the final 11 holes (roughly 2,900m) are planned. Please refer to the map below for drill hole locations and new Property Zone names. Corral Copper Project 2024 Proposed DrillingTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6187/197329_4b5998975408db4c_001full.jpgThe leapfrog model image above is derived from drill results that are historical in nature and based on assay information from independent laboratory Skyline Assayers & Laboratories. Intrepid has not yet undertaken any independent investigation of the sampling nor has it independently analyzed the results of the historical exploration work in order to verify the results. Intrepid considers these historical drill results relevant, as the Company will use this data as a guide to plan future exploration programs. Intrepid also considers the data to be reliable for t...