Intrepid Metals Intersects Shallow Mineralization of 72.20 Meters of 1.28% Copper Within 198.00 Meters of 0.68% CuEq During Its Initial Drill Program at Its Corral Copper Property in Arizona

Newsfile Corp.
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Additional highlights include:

  • 198.00 meters ("m") of 0.68% Copper Equivalent ("CuEq")1 (0.56% Copper ("Cu"), 0.12 grams per ton ("gpt") Gold ("Au") and 4.35 gpt Silver ("Ag")) from 10.00 to 208.00m in Hole CC24_016 including,

    • 72.20m of 1.26% CuEq1 (1.28% Cu, 0.08 gpt Au and 3.16 gpt Ag)

    • 1.60m of 5.72% CuEq1 (5.30% Cu, 1.95 gpt Au and 11.20 gpt Ag).

  • 133.20m of 0.64% CuEq1 (0.42 Cu, 0.46 gpt Au, 2.22 gpt Ag) from 45.85 to 179.05m in Hole CC24_14 including

    • 79.00m of 0.68% CuEq1 (0.33% Cu, 0.65 gpt Au, 2.70 gpt Ag) and

    • 2.35m of 13.52% CuEq1 (4.71% Cu, 15.84 gpt Au, 39.26 gpt Ag).

  • 99.45m of 0.68% CuEq1 (0.54% Cu, 0.27 gpt Au and 3.11 gpt Ag) from 60.00 to 159.45m in Hole CC24_013 including,

    • 44.40m of 1.28% CuEq1 (1.08% Cu, 0.53 gpt Au and 3.57 gpt Ag) and

    • 3.30m of 5.56% CuEq1 (5.08% Cu, 1.86 gpt Au and 19.75 gpt Ag).

Vancouver, British Columbia--(Newsfile Corp. - May 14, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") provides results for 5 additional diamond drill holes from the Company's Corral Copper Property ("Corral Copper" or the "Property") located in Cochise County, Arizona. All 5 holes were drilled in the Ringo Zone which is located along the southern margin of a 3-kilometer-long trend of near surface carbonate replacement ("CRD") and related supergene enrichment oxide copper-gold-silver-zinc mineralization. Highlights from these 5 holes are shown in Table 1.

"The Corral Copper Project has once again returned remarkable shallow copper grades and mineralized intercepts at the Ringo Zone," stated Ken Brophy, Chief Execuitve Officer. "The drilling at Ringo is illustrating the Project's gold endowment with broad intercepts of highly continuous, locally high-grade gold mineralization, including 21.3 gpt Au over 1.1m in hole CC24_15 and 15.84 gpt Au over 4.71m in hole CC24_14, which we expect will make a significant contribution to the economic potential of the project."

The Ringo Zone is located at the southern end of a 3-kilometer-long string of copper-gold-silver-zinc bearing carbonate replacement bodies (Figure 1). The Ringo Zone measures approximately 900m (northwest to southeast) by 800m (southwest to northeast) and contains favorable Abrigo Limestone (and Bolsa Formation), pre-mineral intrusions, alteration and copper-gold-silver-zinc replacement style mineralization and secondary enriched copper oxide zones that are locally high-grade. To date, Intrepid has completed 9 holes in the Ringo Zone for a total of 2105m. Highlights from holes CC24-013 through CC24-017 are included in Table 1 below and full results are within Table 2. Hole CC24_16 was prematurely shut down due to drill rods breaking down hole and ended in robust mineralization.

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