Intrepid Metals Acquires Key Patented Mining Claims Near Ivanhoe Electric at Corral Copper Project in Arizona
'The Viewsite Claims are strategically located between our high-grade Ringo Zone and the claims acquired by Ivanhoe following our highly successful 2024 drill program at Corral and securing these patented mining claims is a strategic step that strengthens our position in the district,' said Ken Engquist, Chief Executive Officer of Intrepid. 'Located immediately adjacent to our Ringo mineral rights, the Viewsite Claims host several compelling targets that we are eager to evaluate through upcoming exploration. An added advantage is that the Viewsite Claims are patented mining claims, which provide full ownership of both surface and mineral rights. This advantage streamlines permitting, increases operational flexibility, and adds long-term value to our portfolio.'
The Viewsite Claims add 348 acres of patented mining claims and increases the Company's land position to roughly 10,346 acres (4,187 hectares). They have excellent exploration potential, supported by geological, geophysical, and historical data. The Viewsite Claims share key characteristics with the adjoining Ringo Zone, including intensely altered multi-phase porphyry intrusions, porphyry style alteration (quartz-sericite-pyrite), and skarn and carbonate replacement style mineralization. Geophysical surveys reveal magnetic and resistivity features consistent with subsurface mineralization, together representing several priority targets. Historical drilling intersected anomalous copper, gold, and silver in several locations. The presence of reactive Paleozoic limestones, jasperoids, and supportive trace element geochemistry further demonstrate the potential for CRD-style mineralization. Complex structural fabrics, including stacked thrust faults and abrupt geological transitions, enhance the likelihood of mineralization. Zones of high-grade mineralization are present, underscoring the need for additional mapping and drilling. Overall, the Viewsite Claims are highly prospective for porphyry, CRD, and skarn-type systems and warrant continued exploration.
The terms of the Agreement are as follows:
*For additional technical information on the drill results disclosed in this news release, including data verification and QA/QC procedures, please refer to the Company's news releases entitled 'Intrepid Metals Intersects 216.50m of 0.71% Copper Starting 29m from Surface at Corral Copper in Arizona' dated July 10, 2025 and 'Intrepid Metals Drills 20.20% Cu, 8.51 gpt Au and 250.00 gpt Ag (23.85% CuEq 1 ) at its Corral Copper Property in Arizona' dated July 9, 2024 available on SEDAR+ at www.sedarplus.ca and www.intrepidmetals.com.
Mr. Daniel MacNeil, P. Geo, a consultant of the Company, is a Qualified Person ('QP') as defined by National Instrument 43-101. Mr. MacNeil has reviewed and approved the technical information disclosed in this news release.
About Corral Copper
The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper 1. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral.
The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of these data.
The Corral Copper Property is currently comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the 'Commitments' section of the Company's most recently filed Management Discussion and Analysis for further details.
Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 2018 2, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol 'INTR' and on the OTCQB Venture Market under the symbol 'IMTCF'. For more information, visit www.intrepidmetals.com.
INTREPID METALS CORP.
On behalf of the Company
'Ken Engquist'
CEO
For further information regarding this news release, please contact:
Ken Engquist, CEO
604-681-8030
[email protected]
Notes
1 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website and on the City of Bisbee website ( www.bisbeeaz.gov/2174/Bisbee-History ).
2 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 ( South32 completes acquisition of Arizona Mining ).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of the property; the closing of the transaction contemplated by the Agreement; the exploration potential of the Viewsite Claims; the interpretation of drills results; details about potential mineralization; the exploration potential of the Corral Copper Property and the Company's other mineral projects; and potential future production.
In certain cases, forward-looking information can be identified by the use of words such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'occur' or 'be achieved' suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the 'Risk Factors' section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261415
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
27 minutes ago
- Yahoo
Workday's forecast for quarterly subscription revenue disappoints
(Reuters) -Workday raised its annual subscription revenue forecast on Thursday, but an in-line outlook for the current quarter sent the human resources software provider's shares down nearly 4% in extended trading. Workday's customers rely on the company's single cloud-based platform, which provide applications to manage services including recruitment, payroll, accounting and audit. In an uncertain economy, customers are tightening their spending on platforms like Workday as they reassess budgets and timing. Workday's AI-driven tools help organizations automate tasks such as screening job applications, scheduling interviews, and streamlining workforce planning. The company on Thursday also announced it will buy Paradox, giving Workday an AI-powered talent acquisition suite to help customers more efficiently find, hire, and onboard employees. It did not provide financial details of the deal. Workday competes with Oracle, SAP and payroll providers such as Automatic Data Processing and Dayforce. Its customers include United Airlines, Visa and FedEx. For the third quarter, Workday expects subscription revenue of $2.24 billion, in line with analysts' average estimate, according to data compiled by LSEG. It raised its fiscal 2026 subscription revenue forecast to $8.82 billion, compared to its prior forecast of $8.80 billion. Workday's total revenue for the second quarter ended July 31 stood at $2.35 billion, compared with an estimate of $2.34 billion. Subscription revenue rose 14% to $2.17 billion.
Yahoo
27 minutes ago
- Yahoo
Powell would have to move goal posts for a Sept. Fed rate cut
Investors are watching for any signs that the Federal Reserve will cut rates during Fed Chair Jerome Powell's Friday speech at the Kansas City Federal Reserve's annual Economic Symposium. BNP Paribas head of Americas' macro strategy and US economics, Calvin Tse, joins Market Domination with Josh Lipton and Barron's senior market analysis writer Paul La Monica to discuss his expectations for Powell's comments and for the Fed. To watch more expert insights and analysis on the latest market action, check out more Market Domination. Well, pressure coming down on the Fed for policy changes. Expectations point towards a Fed rate cut in September, while President Trump continues to call for a big cut to rates. However, while markets look for a glimpse of a dovish tone from Fed Chair Powell, our next guest believes the Fed should remain on hold for the remainder of the year. Calvin C, BNP Paribas head of America's macro strategy and US economics, joins us now to discuss. Calvin, it's good to see you. Let's start, Calvin, with what we expect tomorrow. We're very wound up, Calvin, about tomorrow. I don't know if you've noticed, all eyes on J. Powell, Jackson Hole. What kind of J. Powell are we going to see? Wait, is it is it neutral J? Is it dovish J? Do we get a hawkish J? What do you think? Well, that's a million dollar question. We have been amongst the most hawkish banks on the street, calling for the Fed to remain on hold ever since December of 2024. That's been a challenging call to hold, especially as we've just mentioned, the markets have been really sticky on pricing in September at an extraordinarily high probability for a cut. Go ahead, come on. J. Powell has told us, however, that he has a very clear reaction function, and the two things that he looks at is the year-over-year rate of PC inflation and the unemployment rate. Based on that reaction function, the Fed should not be cutting rates in September. Therefore, what I think is the most important thing to be watching out for tomorrow morning is whether or not J. Powell shifts that reaction function. If he stands pat, which is our base case, continuing to highlight that the labor market still remains tight, given the unemployment rate, we think that a lot of that cut pricing can come out of the curve and push interest rates higher. If he stands pat, Calvin, your base case, how does the market respond? We think it will respond in a couple of ways. The first is we're probably going to see that September probabilities come down from those about 75% chance right now to maybe somewhere closer to 50/50. And what we think was also going to happen is that the yield curve is probably going to flatten quite significantly as well, as the front end rises relative to the back end. All right, Calvin. Uh, Paul, Calvin says stand pat, base case. What do you think? Yeah, I mean, it's obviously going to be data dependent to use that sort of trite saying, and we have, you know, some jobs numbers, some more inflation data that will be coming. The thing that I'm really struck by is that we talk a lot about hawks and doves. To use another bird analogy, Jerome Powell, as we all know, is a lame duck. He's not going to be the Fed chair for a third time. President Trump is going to nominate someone else, potentially sooner rather than later. So I think the big question is, if Powell is trying to cement his legacy, how cognizant is he going to remain of last year's arguable mistake in cutting rates aggressively because they were worried about some of the data? And then it turned out that inflation, kind of like, you know, the the, uh, guy in Monty Python who's saying, "I'm not dead, I'm not dead." Uh, it still is something that they have to worry about. So I do think that there's a chance Powell sounds a little bit more hawkish, and we can't cement that September rate cut just yet. It's going to be about the data, I think, more importantly, than anything Powell has to say tomorrow. Related Videos Rotation trade, US manufacturing, Fed speech: Market takeaways Walmart earnings: Markets 'missed the big picture,' analyst says Wall Street is bullish on Nvidia pre-earnings: Analyst explains Strategy & bitcoin volatility, HPE upgrade, Instacart downgrade Sign in to access your portfolio
Yahoo
27 minutes ago
- Yahoo
Blackstone Bets Big: $1B+ Power Play into the AI Data Center Gold Rush
This article first appeared on GuruFocus. Blackstone (NYSE:BX) is going all in on the AI data center boom. The firm just increased its senior secured debt facility for Aligned Data Centers to more than $1 billiondoubling down on its original $600 million commitment from March last year. That earlier round funded an 80MW buildout near Salt Lake City. This time, the capital is aimed at something far bigger: Aligned's plan to roll out five gigawatts of new data center capacity across the Americas. Warning! GuruFocus has detected 5 Warning Signs with BX. Is BX fairly valued? Test your thesis with our free DCF calculator. The Dallas-based operator is quickly becoming one of the most heavily backed names in the space. Since January, it's raised over $7 billion in debt and more than $5 billion in fresh equity from investors including Macquarie Asset Management. Behind the scenes, the story is simple: hyperscalers need compute, AI needs power, and the infrastructure buildout is too capital-intensive for tech companies to do it alone. That's where private credit steps in. And it's not just Blackstonefirms are racing to underwrite everything from real estate loans to private-grade bonds to meet the demand. The scale of financing is exploding. Meta recently selected Pimco and Blue Owl to lead a $29 billion package to fund its own data center expansion. The takeaway? Private lenders are becoming a key pillar in the AI arms racenot just writing checks, but shaping the architecture of tomorrow's internet. Blackstone's latest move suggests they want to be at the heart of it.
