Intrepid Metals Highlights Consistent Drill Results While Underscoring District-Scale Porphyry Potential at Corral Copper
Executive Summary
- Intrepid Metals released assay results from two new diamond drill holes (CC25_038 and CC25_039) at the flagship Corral Copper Property, highlighting significant copper‑gold‑silver‑zinc mineralization.
- Notable intercepts include 85.05 m @ 0.70% CuEq (including 56.50 m @ 0.92% CuEq and 12.85 m @ 3.16% CuEq) in hole CC25_038, and 147.50 m @ 0.32% CuEq (with higher‑grade sub‑intervals up to 0.77% CuEq) in hole CC25_039.
- Technical Advisor Daniel MacNeil, P.Geo., has reviewed and approved all data, confirming no material QA/QC issues.
Key Details
- Hole CC25_038:
- 85.05 m @ 0.48% Cu, 0.28 g/t Au, 4.33 g/t Ag (0.70% CuEq) – includes:
- 56.50 m @ 0.63% Cu, 0.36 g/t Au, 4.98 g/t Ag (0.92% CuEq)
- 12.85 m @ 2.33% Cu, 1.02 g/t Au, 11.89 g/t Ag (3.16% CuEq)
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Additional lower‑grade interval: 55.55 m @ 0.23% Cu, 0.15 g/t Au, 5.44 g/t Ag (0.37% CuEq) – includes 4.95 m @ 1.32% Cu (1.42% CuEq).
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Hole CC25_039:
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147.50 m @ 0.23% Cu, 0.15 g/t Au, 3.01 g/t Ag (0.32% CuEq) – includes:
- 21.70 m @ 0.41% Cu, 0.15 g/t Au, 2.16 g/t Ag (0.45% CuEq)
- 32.60 m @ 0.45% Cu, 0.26 g/t Au, 6.45 g/t Ag (0.59% CuEq)
- 20.50 m @ 0.61% Cu, 0.32 g/t Au, 7.42 g/t Ag (0.77% CuEq).
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Composite Intercepts (selected):
- CC25_038 – 85.05 m @ 0.70% CuEq; 56.50 m @ 0.92% CuEq; 12.85 m @ 3.16% CuEq.
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CC25_039 – 147.50 m @ 0.32% CuEq; sub‑intervals up to 0.77% CuEq.
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Drill Program Status: 19 holes (5,344.20 m) completed across Ringo, Earp and Holliday zones; a 20th hole underway.
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Technical Review: Daniel MacNeil, P.Geo., qualified under NI 43‑101, verified assay data, QA/QC procedures, and found no significant issues.
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Geological Interpretation:
- Presence of carbonate replacement mineralization (CRD) with transition to porphyry-style alteration (quartz‑magnetite veins, high‑temperature potassic alteration).
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Analogous to historic Bisbee Mining Camp (Copper Queen & Lavender Pit), suggesting potential for bulk‑tonnage porphyry copper‑gold deposits.
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QA/QC Summary: Core split, sampled at ~2 m intervals; analysis performed by ALS Geochemistry using fire‑assay/fusion and ICP‑AES methods; blanks/duplicates ≈10% of sample stream.
Notable Quotes
“These new results highlight the momentum we’re building at Corral… each round of drilling not only increases our confidence in the geological model but also positions Intrepid to unlock substantial value for shareholders.” – Mark Morabito, Chairman & CEO, Intrepid Metals Corp.