Intrepid Metals Intercepts 27.50% Copper, 10.15 gpt Gold, and 192 gpt Silver Over 0.55m in First Drill Hole of 2025 at Corral Copper
17.65m of 2.72% Cu, 0.58 gpt Au and 18.16 gpt Ag (3.30% CuEq 1 ) and
5.45m of 4.91% Cu, 1.25 gpt Au and 31.74 gpt Ag (6.09% CuEq 1 ) and
3.70m of 6.43% Cu, 1.78 gpt Au and 40.62 gpt Ag (8.07%CuEq 1 ) and
0.55m of 27.50% Cu, 10.15 gpt Au and 192 gpt Ag (36.54 CuEq1).
CC25_026 COMPOSITE INTERCEPTS1 DRILL HOLE DETAILS ANALYZED GRADE DILUTED METAL EQUIVALENT HOLE FROM TO LENGTH COPPER GOLD SILVER ZINC CUEQ AUEQ CUEQ AUEQ ID (m) (m) (m) (%) (ppm) (ppm) (%) (%) (g/t) (%) (g/t) RINGO ZONE CC25_026 56.70 199.00 142.30 0.51 0.17 4.01 0.06 0.69 0.95 0.58 0.80 Incl. 114.10 199.00 84.90 0.79 0.26 6.18 0.08 1.06 1.45 0.88 1.21 And 180.00 197.65 17.65 2.72 0.58 18.16 0.02 3.30 4.53 2.78 3.81 And 192.20 197.65 5.45 4.91 1.25 31.74 0.02 6.09 8.35 5.12 7.02 And 193.95 197.65 3.70 6.43 1.78 40.62 0.02 8.07 11.07 6.78 9.30 And 197.10 197.65 0.55 27.50 10.15 192.00 0.07 36.54 50.12 30.61 41.98
HOLE EASTING NORTHING ELEVATION AZIMUTH INCLINATION DEPTH ZONE ID (m) (m) (m) (°) (°) (m) NAME CC25-026 613242 3513909 1422 0 -65 234.40 RINGO
[email protected]
Vancouver, British Columbia - Newsfile Corp. - May 27, 2025 -or the) is pleased to announce results from the first diamond drill hole of its 2025 exploration program at the Company's Corral Copper Property ("" or the "") in Cochise County, Arizona. To date, four drill holes have been completed at the Ringo Zone and assay results have been received from one of the four drill holes.including,"We're very pleased with the strong start to our 2025 drill program, building on the exceptional results we achieved at Corral last year," said Ken Engquist, CEO of Intrepid. "The initial hole at the Ringo Zone continues to highlight the scale and continuity of copper mineralization across the property, and we look forward to sharing more results in the coming weeks. With drilling soon moving to the Holliday and Earp Zones, we're excited to advance what we believe is one of the most compelling emerging copper projects in the Southwest, continuing to deliver value to our shareholders."To view an enhanced version of this graphic, please visit:Intrepid has completed 4 holes (assays pending) totaling 1005 meters in the Ringo Zone. The objective of the 2024 drilling is to increase confidence in the intensity of mineralization, location and lithological and structural controls in historical drilling for the Ringo, Holliday and Earp Zones.Precious and base metal mineralization at Corral is concentrated in structurally controlled northeast dipping siliciclastic and carbonate sedimentary rocks including (oldest to youngest) Cambrian Bolsa Quartzite, upper-Cambrian Abrigo Limestone, Devonian Martín limestone and Mississippian Escabrosa limestone and in Jurassic aged intrusions. The most intense mineralization occurs in the Abrigo Limestone (main host) and Bolsa Quartzite, which are intruded locally by a series of Jurassic (and possibly younger) mineralized intrusions including the Star Hill, Copper Bell and Sniveler porphyries, quartz latite sills, and cross-cutting mineralized breccia bodies.The Corral Copper Property includes the Holliday, Earp and Ringo Zones (northwest to southeast), which are related zones of discontinuously outcropping, locally high grade CRD, skarn and distal porphyry related mineralization and associated supergene enrichment that formed in the distal porphyry copper geological environment. A significant component of Intrepid's discovery strategy at Corral is to leverage distal alteration and mineralization to vector toward one or more mineralized porphyry copper centers (see News Release dated April 15, 2025 ).The Ringo Zone is located at the southern end of a 3.5km 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 view an enhanced version of this graphic, please visit:All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (or underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this news release.Drill core was first reviewed by a geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab.All core samples were sent to ALS Geochemistry (ALS), a division of ALS Global, in Tucson, Arizona, for sample preparation, with pulps sent to the ALS Geochemistry laboratory in Reno, Nevada for analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015 for analytical procedures and is independent of the Company. HQ size core was split and sampled over approximately two metre intervals. Samples were analyzed using: ALS's Fire Assay Fusion method (Au-AA23) with an AA finish for gold and by gravimetric finish (Au-GRA21) for samples assaying greater than 10 ppm (gpt) gold; by a 36-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Cu (Cu-OG62), Ore Grade Zn (Zn-OG62) and Ore Grade Pb (Pb-OG62); and for silver assays above 100 ppm (g/t) by Fire Assay Fusion method with gravimetric finish (Ag-GRA21). ME-ICP61 results were reported in parts per million (ppm), Ore Grade (OG62) results were reported in percent (%). In addition to ALS quality assurance- quality control (QA/QC) protocols, Intrepid implements an internal QA/QC program that includes the insertion of sample blanks, duplicates, and standards, with QA/QC control samples comprising approximately 10% of the sample streamThe 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. 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 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.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, 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 On behalf of the Company"Ken Engquist"CEOKen Engquist, CEO604-681-8030Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper, gold, silver and zinc assay values. All intervals reported are core lengths, and true thicknesses are yet to be determined. Mineral resource modeling is required before true thicknesses can be estimated. Analyzed Grade corresponds composite weighted ("composites") averages of laboratory analyses. Metal Equivalent corresponds to undiluted metal equivalent of reported composites and Diluted Metal Equivalent takes into account estimated recovery of 85% for copper, and 80% for gold, silver and zinc for reported composites. Metal prices used for the CuEq and AuEQ calculations are in USD based on Ag $22.00/oz, Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb The following equation was used to calculate copper equivalence: CuEq = Copper (%) (85% rec.) + (Gold (g/t) x 0.729150601917791)(80% rec.) + (Silver (g/t) x 0.00844279644325863)(80% rec.) + (Zinc (%) x 0.302631578947368)(80% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (gpt)(80% rec.) + (Copper (%) x 1.3714285702785)(85% rec.) + (Silver (gpt) x 0.0115789473684211)(80% rec.) + (Zinc (%) x 0.415037593636916)(80% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.Data disclosed in this news release includes historical drilling results and information derived from historic drill results, Intrepid Metals has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work in order to verify the results. Intrepid considers these historical data relevant as the Company is using this data as a guide to plan exploration programs. The Company's current and future exploration work includes verification of the historical data through drilling.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 ).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 ).
The issuer is solely responsible for the content of this announcement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
3 hours ago
- Malay Mail
Regional Regulatory Misunderstanding, YBUOJ Responds Proactively to BaFin Advisory
COLORADO, USA - Media OutReach Newswire - 29 July 2025 - The Federal Financial Supervisory Authority of Germany (BaFin) recently issued a public advisory stating that crypto exchange YBUOJ was offering digital asset services to German investors without proper authorization—drawing significant market attention. However, the latest response of YBUOJ suggests the issue stems more from differences in regulatory interpretation and regional communication gaps than from any actual breach of to publicly available information, YBUOJ is headquartered in the United States, where it holds a Money Services Business (MSB) license issued by the Financial Crimes Enforcement Network (FinCEN) and is registered with the U.S. Securities and Exchange Commission (SEC). These credentials confirm that YBUOJ operates under recognized federal oversight and meets established international compliance response to the concerns of BaFin, YBUOJ promptly clarified that it is not registered in Germany and that all of its operations strictly follow U.S. regulatory requirements. This statement aligns with the nature of the notice of BaFin, which is categorized as a routine consumer advisory rather than an administrative scenarios are not uncommon in the crypto industry. Binance, for example, is generally well-regarded in Germany, yet it has faced serious warnings or service restrictions in countries like the UK, Canada, and Japan due to lacking local regulatory approval. These cases underscore that recognition of foreign compliance credentials varies widely across mention of YBUOJ in the advisory of BaFin highlights the broader challenges cross-border crypto platforms face in navigating differing national regulatory frameworks, where misunderstandings and communication gaps can easily light of the situation, YBUOJ has expressed its willingness to fully cooperate with German regulators, offering relevant documentation and compliance materials to clarify the facts and dispel any misconceptions. In addition, YBUOJ also indicated it may seek to obtain a local license in Germany in the future to better meet regional regulatory conclusion, this incident appears to be a matter of regional regulatory misunderstanding, not substantive wrongdoing. The prompt, constructive response and solid compliance foundation of YBUOJ reflect its strategic commitment to global regulatory alignment—and offer a reference point for other industry participants in managing cross-jurisdictional #YBUOJ The issuer is solely responsible for the content of this announcement.
Malay Mail
4 hours ago
- Malay Mail
Stocks slide as trade euphoria fades, focus shifts to Fed, earnings
HONG KONG, July 29 — Stocks fell Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key data and earnings, and the Federal Reserve's next policy meeting. While Donald Trump's agreement with the European Union on Sunday was seen as better than a tariff standoff, observers pointed out that the US president's 15 per cent levies — with none on American goods — were still much higher than before. The pact, which followed a similar one with Japan last week, still left many worried about the economic consequences, with auto companies particularly worried. 'The 15 per cent blanket levy on EU and Japanese imports may have helped markets sidestep a cliff, but it's no free pass,' said Stephen Innes at SPI Asset Management. 'With the average effective US tariff rate now sitting at 18.2 per cent… the barrier to global trade remains significant. The higher tail risk didn't detonate, but its potential impact on the global economy hasn't disappeared either.' And National Australia Bank's Ray Attrill added: 'It hasn't taken long for markets to conclude that this relatively good news is still, in absolute terms, bad news as far as the near term (through 2025) implications for eurozone growth are concerned.' Traders are also keeping an eye on US talks with other major economies, including India and South Korea. After a tepid day on Wall Street — which still saw the S&P and Nasdaq hit records — Asia turned negative. Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Wellington, Taipei, Manila and Jakarta were all in the red. The euro held its losses from Monday, having taken a hit from worries about the effects of the trade deal on the eurozone. The first of two days of negotiations between top US and Chinese officials in Stockholm concluded Monday with no details released, though there are hopes they will agree to extend a 90-day truce that ends on August 12. The two imposed triple-digit tariffs on each other earlier this year in a tit-for-tat escalation, but then walked them back under the temporary agreement reached in May. Investors are also looking ahead to a busy few days that includes earnings from tech titans Apple, Microsoft, Meta and Amazon, as well as data on US economic growth and jobs creation. That all comes as the Fed concludes its policy meeting amid increasing pressure from Trump to slash rates, even with inflation staying stubbornly high. While it is expected to stand pat on borrowing costs, its post-meeting statement and comments from boss Jerome Powell will be pored over for clues about its plans for the second half of the year in light of the tariffs. Oil prices extended Monday's rally after Trump shortened a deadline for Russia to end its war in Ukraine to August 7 or 9, following which he vowed to sanction countries buying its crude. — AFP
Malay Mail
a day ago
- Malay Mail
Boeing faces strike threat as St Louis union rejects ‘richest' contract offer
ST LOUIS, July 27 — Union members who assemble Boeing's fighter jets in the St Louis area have 'overwhelmingly voted' to reject the company's contract offer on Sunday, with the company now preparing for an imminent strike. Boeing's proposal, which was sent on Tuesday to more than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837, included a 20 per cent general wage increase over four years and a US$5,000 (RM21,145) ratification bonus, as well as more vacation time and sick leave. 'The proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce,' the IAM union said. Dan Gillian, Boeing's Air Dominance vice president, general manager and senior St Louis Site executive said in an emailed statement that it is disappointed Boeing employees voted down 'the richest contract offer we've ever presented to IAM 837 which addressed all their stated priorities.' 'We've activated our contingency plan and are focused on preparing for a strike. No talks are scheduled with the union,' Gillian added. The current contract expires on Sunday following which there is a seven-day cooling off period before a strike would begin, the union added. Boeing's defense division is expanding manufacturing facilities in the St Louis area for the new US Air Force fighter, the F-47, after it won the contract earlier this year. The Next Generation Air Dominance (NGAD) fighter jet programme, initially conceived as a 'family of systems' centred around a sixth-generation fighter jet, is meant to replace the F-22 Raptor. — Reuters
