Intrepid Metals drills 42.5 m of 0.96% Cu at Corral

Executive Summary

• Intrepid Metals released assay results from six recent drill holes (CC25_031‑CC25_036) at the Holliday and Earp zones of its Corral copper property, highlighting multiple high‑grade intervals.
• The most notable intercepts include 1.30 m grading 11.05% Cu, 4.31 g/t Au and 30.60 g/t Ag (12.12% CuEq) in hole CC25_036, and a 16.35 m interval of 1.68% Cu, 0.67 g/t Au and 8.29 g/t Ag (1.90% CuEq) in the same hole.
• The results expand known mineralization along the 3.5‑km trend, supporting Intrepid’s view that Corral is an emerging district‑scale copper asset with porphyry potential.

Key Details

• Drilling Overview: 14 holes totaling 3,696 m drilled in 2025 (8 at Ringo, 3 at Holliday, 3 at Earp).
• Hole CC25_036 (Earp zone):
• 42.50 m @ 0.96% Cu, 0.28 g/t Au, 5.10 g/t Ag (1.05% CuEq) from 15‑57.5 m.
• Includes 16.35 m @ 1.68% Cu, 0.67 g/t Au, 8.29 g/t Ag (1.90% CuEq).
• High‑grade core: 1.30 m @ 11.05% Cu, 4.31 g/t Au, 30.60 g/t Ag (12.12% CuEq).
• Hole CC25_035: 65.45 m @ 0.25% Cu, 0.07 g/t Au, 2.39 g/t Ag (0.28% CuEq); includes 18.95 m @ 0.46% Cu, 0.12 g/t Au, 2.96 g/t Ag (0.49% CuEq).
• Hole CC25_033: 44.55 m @ 0.74% Cu, 0.20 g/t Au, 35.00 g/t Ag (1.04% CuEq); includes 21.60 m @ 1.47% Cu, 0.36 g/t Au, 64.65 g/t Ag (1.92% CuEq).
• Hole CC25_032: 97.80 m @ 0.21% Cu, 0.26 g/t Au, 5.82 g/t Ag (0.42% CuEq); includes 48.20 m @ 0.34% Cu, 0.32 g/t Au, 6.77 g/t Ag (0.59% CuEq) and a 3.35 m high‑grade interval @ 1.26% Cu, 2.24 g/t Au, 14.43 g/t Ag (2.49% CuEq).
• Geological Context: Mineralization hosted in Cambrian–Mississippian carbonates and Jurassic intrusions; interpreted as distal porphyry copper system with CRD/skarn zones.
• Technical Verification: Data verified by Daniel MacNeil, P.Geo., qualified person under NI 43‑101; no material QA/QC issues identified.
• QA/QC Procedures: Core split sampling, blanks/duplicates (~10% of stream), analysis by ALS Geochemistry (fire assay, ICP‑AES, gravimetric methods).

Notable Quotes

“The first drill results of 2025 from the Holliday and Earp zones continue to deliver strong outcomes, building on the momentum from last year,” said Ken Engquist, CEO.
“These results help define the true size of the corridor, filling in key gaps along the 3.5‑kilometre trend and reinforcing our confidence in the scale and potential of this mineralized system.”