Intrepid Metals Acquires Key Patented Mining Claims Near Ivanhoe Electric at Corral Copper Project in Arizona
, 2026. No common shares or other securities are issuable pursuant to the Agreement.
The vendor is arm's length to the Company.
No finder's fees are payable in connection with this transaction.
[email protected]
Vancouver, British Columbia - Newsfile Corp. - August 6, 2025 -or the) is pleased to announce that it has entered into a Purchase and Sale Agreement (the "Agreement") with private owners for highly sought after patented mining claims (the "Viewsite Claims") immediately south/southwest of the Ringo Copper-Gold Zone at the Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. The Viewsite Claims are located within 2km of the Ivanhoe Electric ("Ivanhoe") claims, which Ivanhoe acquired following Intrepid's successful 2024 drill program. Please refer to Intrepid News Release dated January 15, 2025 for further details. The Viewsite Claims cover several prospective targets that are geologically consistent with mineralization previously encountered at the Ringo Zone, where drilling intersected 112.95m of 1.50% copper and 216.50m of 0.71% copper*."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) 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.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. 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.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, CEO604-681-8030Information 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.
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