Business
Voleo (Intrepid Metals) Expands Property Portfolio
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Voleo Trading Systems Inc....
About this update from Intrepid Metals Corp.
[{"type":"text","content":"Voleo (Intrepid Metals) Expands Property PortfolioVancouver, British Columbia--(Newsfile Corp. - December 8, 2021) - Voleo Trading Systems Inc. (TSXV: TRAD) (\"the Company\"\") (to be renamed Intrepid Metals Corp.) is pleased to announce that it has entered into a letter of intent with Selex Resources Ltd. (the \"Vendor\") to acquire a 100% interest in the Klondike Copper Property located in Nevada, USA (the \"Acquisition\"). The Klondike Property will add to the Company's portfolio once it closes the option agreement for the drill ready Tombstone South silver/lead/zinc project located in Arizona following final approval of its change of business transaction. The Company is working towards completing the final conditions to its change of business transaction to become a mining issuer. The final material condition is the closing of the concurrent financing which the Company now expects will be completed in Q1, 2022.\"We are excited to be adding another intriguing project to our portfolio,\" says Mark Morabito, Executive Chairman of the Company. \"Our objective is to continue to assemble a first-class suite of prospective projects in the US Southwest. The Tombstone silver/lead/zinc project is drill ready now that the Arizona regulators have approved the Plan of Operations for the site. While the drills are turning at Tombstone, Intrepid will embark on a robust exploration program to define drill targets for copper mineralization at Klondike.\"Klondike Copper PropertyThe Klondike Property consists of two blocks totaling 89 unpatented lode claims at the north end of the Paymaster Basin in the General Thomas Hills area, 13 miles West/Southwest of Tonopah, Esmeralda County, Nevada. The claims cover target areas at the center of very large anomalous gravity/ magnetic complex with a roughly triangular configuration approximately 8 kilometers (\"km\") by 6 km in size: one of the largest in the Great Basin province. These are typical geophysical signatures of buried intrusive centers and potential hosts for porphyry copper deposits. In addition to the magnetic- and gravity-high anomalies, the Klondike Property has several other distinct surface signatures of porphyry-style mineralization including peripheral precious metal-rich copper, lead and zinc veins, stockwork quartz veining cutting porphyry intrusions and sedimentary rocks and dist...