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Intrepid Metals Corp. (IMTCF) is a Canadian company with a focus on exploring high-grade essential metals like copper, silver, lead, and zinc mineral projects in southeastern Arizona, USA. The company's operations include acquiring drill-ready projects such as the Corral Copper Project, Tombstone South Project, and Mesa Well Project in Cochise County, Arizona.
The Corral Copper Project, a district scale advanced exploration opportunity, has shown promising results with a trend of near-surface carbonate replacement mineralization, reaffirming the economic potential of the property. Intrepid Metals, under the leadership of CEO Ken Brophy, has successfully completed a 5,000-meter initial drill program at Corral Copper, demonstrating robust grades of copper and gold, paving the way for future exploration and development.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) has appointed Richard Lock to its Board of Directors, effective December 19, 2024. Lock, currently CEO of Oroco Resource Corp, brings over three decades of mining engineering experience, having led major mining projects globally. His experience includes executive roles at Arizona Mining's Hermosa Project and Rio Tinto's Resolution Copper Project. Lock was granted 200,000 stock options at $0.36 per share, vesting quarterly over 12 months with a 5-year term. The appointment occurred during Intrepid's Annual General Meeting, where Ken Brophy and Alex Klenman retired from the Board, with Brophy continuing as President and COO.
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has announced that due to the Canada postal strike, materials for its upcoming Annual General and Special Meeting on December 19, 2024, are available online through SEDAR+, the company website, and TSX Trust Company's platform.
The meeting will be held at 11:00 am Pacific time in Vancouver, where shareholders will vote on several matters including: financial statements review, setting board size to eight directors, election of directors, appointment of auditors, and approval of amended stock option and restricted share unit plans.
Shareholders can obtain their voting control numbers and materials through TSX Trust Company, with special provisions made for registered shareholders and Non-Objecting Shareholders (NOBOs) during the postal strike.
Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) announces that due to the Canada postal strike, materials for its upcoming Annual General and Special Meeting scheduled for December 19, 2024, are now available online through SEDAR+, the company website, and TSX Trust's document portal. Registered shareholders will receive voting instructions via email from TSX Trust Company. Shareholders who don't receive their proxy information can contact TSX Trust directly. Financial statements and MD&A are available on SEDAR+, with paper copies to be delivered after the postal strike ends.
Intrepid Metals has identified new drill targets at its Corral Copper Property in Arizona following a successful initial drill program that tested a 3.5 by 1.5 km mineralized footprint. The company completed its first ground-based gravity geophysical survey at the Ringo and Earp Zones, which successfully identified several new drill targets. A notable high-priority target (Target 3) measuring 1,000 by 700 meters was identified approximately 1 kilometer east of the Ringo Zone, featuring favorable limestone formations and copper mineralization at surface. The company plans to commence its Phase 2 drill program in early 2025.
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has appointed Matthew Lennox-King to its Board of Directors, effective October 9, 2024. Lennox-King brings over 25 years of mineral exploration experience as both a geologist and company executive. He co-founded Contact Gold and served as its President, CEO, and Director from 2017 until its acquisition by Orla Mining in April 2024. Previously, he was President and CEO of Pilot Gold Inc. and a Senior Geologist at Fronteer Gold Inc.
Intrepid's Chairman, Mark Morabito, and CEO, Ken Engquist, expressed enthusiasm for Lennox-King's addition to the team, citing his technical expertise and leadership experience as valuable assets for advancing the company's Arizona-based projects. Lennox-King was granted 200,000 stock options at an exercise price of $0.38 per share, expiring on October 9, 2029.
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has completed its initial 25 diamond drill hole program (~4805.7m) at the Corral Copper Property in Arizona. The company successfully tested a 3.5 by 1.5 km mineralized footprint, encountering substantial shallow and high-grade mineralization. Following the drill program, Intrepid conducted additional exploration activities, including:
1. Machine learning from a World View III alteration study
2. A ground-based gravity survey
3. 3D inversion of historical VTEM magnetic data
4. Detailed surface mapping
These activities have led to the identification of several new high-priority drill targets. Highlights from recent drilling include intersections of up to 112.95m of 1.50% copper, 0.53 g/t gold, and 8.22 g/t silver. The company is now planning its phase two drill program based on the new data and targets identified.
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has appointed Ken Engquist as the new CEO, with former CEO Ken Brophy transitioning to President and COO. This strategic move aims to drive continued growth and advance the company's Arizona-based projects. Engquist brings over 30 years of leadership and development experience in the mining industry, having overseen projects from exploration to operations globally.
Engquist's expertise includes indigenous and community relations, government relations, and in-depth technical knowledge of project evaluation and economics. He has previously held key roles at Western Copper and Gold, First Mining Gold, and other major mining companies. The company will grant Engquist 325,000 stock options effective September 11, 2024, with the exercise price and vesting periods to be determined.
Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has amended its option agreement for the Mesa Well Project in Arizona. The amendment extends the deadline for completing a US$250,000 work commitment from August 24, 2024, to August 24, 2026. In exchange, Intrepid will issue an additional 50,000 common shares to the vendor, Bronco Creek Exploration Inc.
CEO Ken Brophy stated that Mesa Well remains an intriguing project, but the company has recently focused more resources on the Corral Copper project following a successful initial drill program. The Mesa Well Property, covering approximately 6,550 acres, is located in the Laramide Copper Porphyry Belt, about 100 kilometers northeast of Tucson. It is drill-ready and permitted, situated near major copper deposits owned by BHP, Freeport McMoRan, and Asarco.
Intrepid Metals has announced the final results from its initial drilling program at the Corral Copper Property in Arizona. The highlights include significant mineralization in the Ringo Zone, with notable intercepts such as 112.95 meters averaging 1.50% copper, 0.53 gpt gold, and 8.22 gpt silver, and an exceptional 1.4 meters containing 20.20% copper, 8.51 gpt gold, and 250 gpt silver. The company has drilled 25 holes totaling approximately 4805.7 meters, revealing extensive copper-gold-silver-zinc mineralization across a 3.5-kilometer trend. CEO Ken Brophy emphasized the promising shallow, high-grade mineralization, and additional mapping and data compilation are underway to guide future drilling plans. The results highlight the economic potential of the property, with mineralization extending beyond previously recognized zones.
Intrepid Metals has announced promising results from its initial drill program at the Corral Copper Property in Arizona. Key highlights include:
- 91.40m of 0.71% Cu, 0.43 g/t Au, and 5.99 g/t Ag (0.93% CuEq) in Hole CC24_022, including a 1.55m interval of 6.22% Cu, 8.83 g/t Au, and 11.80 g/t Ag (10.71% CuEq).
- 174.85m of 0.32% Cu, 0.27 g/t Au, and 1.82 g/t Ag (0.45% CuEq) in Hole CC24_019.
- 88.25m of 0.46% Cu, 0.31 g/t Au, and 3.16 g/t Ag (0.60% CuEq) in Hole CC24_018.
A total of 25 holes were drilled over 4805.7 meters in the Ringo, Earp, and Holiday zones. The results suggest high-grade copper-gold-silver-zinc mineralization, reinforcing the potential of the property. The company is preparing for a phase two drill program later in the year.
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