VANCOUVER, BC / ACCESSWIRE / February 28, 2023 / Intrepid Metals Corp. (TSXV:INTR, Financial) (“Intrepid” or “Company”) is pleased to introduce the Corral Copper Project, a new district-scale advanced copper deposit located in Cochise County, Arizona. The project area is located approximately 20 miles from the company’s Tombstone South property and has over 50,000 meters (“m”) of drilling and shallow mineralization of copper, silver, zinc and gold.
Figure 1: Aerial view of Coral Copper showing road access
Intrepid CEO Ken Brophy said: “We were able to secure such a robust land package in an area of historic mining that included patented mining rights, private surface rights, federal mineral claims and Arizona mineral exploration permits. I am excited about it.”
“Although there has been considerable interest from both smaller exploration companies, including Anglo American, and from larger mining companies, a fragmented landholding structure and various commercial disputes within the District have previously led to It acted as a barrier to the advance of the United States,” Brophy continued. “We have spent a significant amount of time learning from local stakeholders about fragmented land tenure and historical disputes as we take steps to consolidate key land locations. We believe that our continued focus on mineable copper and silver projects within Tier 1 mining states like Arizona makes it a great strategic fit for the Tombstone South and Mesa Well properties. ”
District consolidation
Intrepid has entered into 100% ownership deals with two of the largest private landowners in the Corral district and continues to actively engage with other stakeholders to further consolidate landholdings in the area . The Corral Copper Project combines two of his previously announced contracts, both approved by his TSX.V. February 15, 2023announced a sale and purchase agreement with Excelsior Mining Corp; August 26, 2022Many of the Intrepid team members have worked for a long time, especially in Arizona and Cochise County. This experience is important as the company expands its asset base within the county.
previous field work
Over 50,000m of historical drilling was completed within the Area, including 126.2m (30.4m to 156.6m) of 1.24% copper in Hole 20_01 drilled by Santa Fe Pacific Mining Inc in 1990. This drilling result Intrepid has not yet independently analyzed the results of the historic exploration operation or conducted an independent study of sampling to verify the results. Intrepid considers these historical drilling results relevant. This is because we use this data as a guide for planning future exploration programs. Intrepid also considers the data to be reliable for these purposes. However, our future exploration work will include validation of the data through drilling.
Figure 2: Intrepid’s high-quality assets in Arizona
About Coral Copper
The Corral Copper Project is a district-wide advanced exploration and development opportunity in Cochise County, Arizona. Corral Copper is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp. The Bisbee Mine Camp produces over 8 billion pounds of copper up to 23% grade. Production from the Bisbee Mine Camp is not necessarily indicative of mineral potential at the Corral Copper Project.
Mining history in the area dates back to the late 1800s, and in the early 1900s several small mines extracted copper from the area, producing thousands of tons with copper ore grades of up to 9.2%. Between 1950 and 2008, various companies surveyed parts of the district, but their efforts were uncoordinated, non-synergistic, and fragmented, resulting in separate land locations and commodities. was focused on. Intrepid was able to secure data from a variety of sources. This provides a solid foundation for creating geological interpretations and identifying new target areas.
Anglo American surveyed the district from 2016 to 2019, conducting mapping and aerial geophysics to identify potential new target areas within the district. Following the announcement in August 2022, Intrepid acquired the data package from Excelsior Mining Holdings in accordance with the terms, conditions and limitations agreed between Excelsior and Anglo American in 2021. situation.
By combining the latest exploration techniques with historical data and a clear focus on responsible development, Intrepid believes that the Corral Copper Project can quickly become an advanced exploration-stage project and transition to feasibility level research. I’m sure. Details of Corral Copper Property and plans for 2023 will be announced soon.
Our consultant, Dr. Chris Osterman of P. Geo, is a Qualified Person (“QP”) as defined by National Instrument 43-101. Dr. Osterman has reviewed and is responsible for the technical information disclosed in this news release.
About Intrepid Metals
Intrepid Metals Corp. is a Canadian exploration company focused on exploring potential high-grade copper, silver, lead and zinc mineral projects near mines in southeastern Arizona, USA. The Company has several projects, including the Corral Copper Project (a regional-scale advanced exploration and development opportunity), the Tombstone South Project (in the historic Tombstone mining area, which is geologically similar to the Taylor Deposit purchased for $1.3 billion). Got some dignable projects. Both are located in Cochise County, Arizona, and the Mesa Well project is located in Arizona’s Laramid Copper Porphyry Belt. Intrepid is actively looking to acquire additional projects in Arizona and the Southwest United States and has assembled an excellent team with considerable experience in evaluating and developing exploration projects in North America. Intrepid trades on the TSX Venture Exchange (TSX-V) under the symbol ‘INTR’. For more information, see: www.intrepidmetals.com.
Intrepid Metals Co., Ltd.
on behalf of the company
“Ken Brophy”
CEO
For more information regarding this news release, please contact:
Ken Brophy
CEO
604-681-8030
[email protected]
Sawamoto Caroline
PR for investors
[email protected]
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: (i) future exploration plans; (ii) details of potential mineralization; (iii) potential exploration of the Corral Copper Property; (iv) potential future production;
In some cases, forward-looking information is identified using words such as “plans,” “expectations,” “budgets,” “plans,” “estimates,” “forecasts,” “intends,” “forecasts,” and similar terms. can. “believe” or variations of such words or phrases or that a particular action, event or outcome “could” ”, “will occur” or “will be achieved”, any indication of future results, or any other expectations, beliefs, plans, objectives, assumptions, intentions or statements regarding future events or performance. Forward-looking information contained in this news release includes, among other things, the results of exploration activities, the forecast and projected impact of the COVID-19 outbreak, commodity prices, the timing and volume of future exploration, and development spending, labor and availability of materials, receipt and compliance with required regulatory approvals and permits, insurance coverage estimates, currency fluctuations, environmental risks, assumptions about title disputes or claims, and other similar matters. We believe these assumptions are reasonable based on currently available information, but they may prove incorrect.
Forward-looking information involves known and unknown risks, uncertainties and our actual results, performance or achievements may differ materially from future results, performance or achievements expressed or implied by forward-looking information. Includes other factors that may vary. Such factors include risks related to the ability to access infrastructure, risks related to changes in commodity prices, risks related to current global financial conditions, and risks related to current global financial conditions. , and impacts inherent in the exploration and development of mineral deposits. Operational risks inherent in conducting exploration and development activities, including the impact of COVID-19 on our business, dependency on key personnel, risks of accidents, labor disputes and cave-ins, and the possibility of inability to obtain permits regulatory risks, including risks, timely or at all, funding, capitalization and liquidity risks; risks related to disputes over property ownership and interests; environmental risks; and “Risk Factors” in our reports Additional Risks Identified in Sections and Applicable Canadian Securities Regulatory Filings.
Although we have attempted to identify important factors that could cause our actual actions, events or results to differ materially from those set forth in the forward-looking information, we do not anticipate any future actions, events or results. , estimates, or other factors that may cause it to differ from expectations. was intended. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is current as of the date of this news release. We undertake no obligation to publicly update or revise any forward-looking information, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) have reviewed and are not responsible for the adequacy or accuracy of this release.
sauce: Intrepid Metals Corporation
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