Intrepid Metals Drills 6.22% Cu and 8.83g/t Au (10.71% CuEq) at Its Corral Copper Property in Arizona
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.
- 91.40m of 0.71% Cu, 0.43 g/t Au, and 5.99 g/t Ag (0.93% CuEq) in Hole CC24_022.
- 1.55m interval of 6.22% Cu, 8.83 g/t Au, and 11.80 g/t Ag (10.71% CuEq) in Hole CC24_022.
- 25 holes drilled totaling 4805.7 meters.
- High-grade mineralization suggests potential for economic copper-gold-silver-zinc deposits.
- Preparations for phase two drill program underway.
- 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.
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce additional results from its initial drill program on the Company's Corral Copper Property ("Corral" or the "Property") in Cochise County, Arizona. A total of 25 holes were completed at the Ringo, Earp and Holiday zones which define a 3-kilometer-long trend of near surface, locally high-grade copper-gold-silver-zinc mineralization (Figure 1).
Highlights from the most recent drill results include:
- 91.40 meters ("m") of
0.71% Copper ("Cu"), 0.43 grams per ton ("gpt") Gold ("Au") and 5.99 gpt Silver ("Ag") (0.93% Copper Equivalent ("CuEq")1) in Hole CC24_022; including,- 20.95m of
1.37% Cu, 1.39 gpt Au and 5.11 gpt Ag (2.11% CuEq1) - 1.55m of
6.22% Cu, 8.83 gpt Au and 11.80 gpt Ag (10.71% CuEq1) and - 1.15m of
6.08% Cu, 2.16 gpt Au and 16.90 gpt Ag (6.77% CuEq1).
- 20.95m of
- 174.85m of
0.32% Cu, 0.27 gpt Au and 1.82 gpt Ag (0.45% CuEq1) in Hole CC24_019 including,- 91.35m of
0.41% Cu, 0.36 gpt Au and 2.27 gpt Ag (0.58% CuEq1) - 2.25m of
1.76% Cu, 0.47 gpt Au and 12.46 gpt Ag (1.86% CuEq1) and - 6.00m of
1.39% Cu, 0.66 gpt Au and 2.27. gpt Ag (1.58% CuEq1).
- 91.35m of
- 88.25m of
0.46% Cu, 0.31 gpt Au and 3.16 gpt Ag (0.60% CuEq1) in Hole CC24_018 including,- 28.30m of
0.73% Cu, 0.48 gpt Au and 5.03 gpt Ag (0.94% CuEq1) and - 7.55m of
1.14% Cu, 0.81 gpt Au and 6.29 gpt Ag (1.48% CuEq1).
- 28.30m of
"These shallow and impressive initial results from our inaugural drill program within the private lands at Corral continue to reinforce our confidence in the Property's potential," stated Ken Brophy, Chief Executive Officer of the Company. "Our technical team are integrating all our current data with our understanding of the Property and beginning to consider what our planned phase two drill program should involve later this year."
2024 Corral Copper Diamond Drill Program
Intrepid has completed 25 diamond drill holes (~4805.7m) within the private lands at Corral Copper including 2959.55m at Ringo, 736.40m at Earp and 1109.75m at Holliday (Figure 1; Tables 1 - 4). Drill results have been returned for 22 of 25 drill holes. Results from the remaining 3 holes from the Ringo Zone are expected in the weeks ahead.
Intrepid is drill testing a 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint to demonstrate the potential to host economic CRD, skarn, and related porphyry copper mineralization (Figure 1). Please refer to Intrepid News Releases dated May 1, 2024 and May 14, 2024 for additional drill results, and detailed information on drilling procedures, quality assurance and quality control measures. Please refer to footnotes for information regarding assumptions for metal equivalent calculations and true widths.
Photo 1. High-grade massive sulphide replacement style mineralization at the Ringo Zone (CC24-022). The reactive Abrigo Formation contains multiple lenses of high-grade copper-gold (with silver and zinc) massive sulphide.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6187/213504_27ad55fd04efcbfe_001full.jpg
The Significance of High-Grade Massive Sulphide Replacement Mineralization
To date, the best examples of skarn and CRD related replacement style massive sulphide mineralization occur at Ringo and are concentrated in the Abrigo Formation (Table 1; Photo 1A - C). Hole CC24-022 cut 6 separate massive sulphide lenses that range in thickness (measured down hole) from 1.00m to 12.35m and contain up to
Table 1: Massive Sulphide Lenses with Composite Intercepts Cut in CC24-0221
MASSIVE SULPHIDE INTERCEPTS CC24-022 | |||||||||||
DRILL HOLE DETAILS | ANALYZED GRADE | ANALYZED METAL EQUIVALENT | DILUTED METAL EQUIVALENT | ||||||||
HOLE | FROM | TO | LENGTH | COPPER | GOLD | SILVER | ZINC | CUEQ | AUEQ | CUEQ | AUEQ |
ID | (m) | (m) | (m) | (%) | (ppm) | (ppm) | (%) | (%) | (gpt) | (%) | (gpt) |
CC24-022 | 120.20 | 121.20 | 1.00 | 1.16 | 1.69 | 2.30 | 0.31 | 2.50 | 3.43 | 2.06 | 2.82 |
CC24-022 | 124.05 | 128.15 | 4.10 | 2.99 | 5.01 | 11.74 | 0.52 | 6.90 | 9.47 | 5.67 | 7.78 |
CC24-022 | 131.20 | 133.45 | 2.25 | 4.62 | 1.30 | 14.65 | 0.78 | 5.93 | 8.13 | 4.97 | 6.82 |
CC24-022 | 150.20 | 151.65 | 1.45 | 0.08 | 0.32 | 12.80 | 0.08 | 0.45 | 0.62 | 0.36 | 0.50 |
CC24-022 | 157.30 | 166.50 | 9.20 | 0.54 | 0.17 | 3.03 | 0.02 | 0.69 | 0.95 | 0.58 | 0.80 |
CC24-022 | 190.50 | 202.85 | 12.35 | 2.01 | 0.29 | 18.52 | 0.03 | 2.38 | 3.27 | 2.01 | 2.75 |
Figure 1: Drill plan map showing drill collar locations at the Earp and Ringo Zones of the Corral Copper Project4
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6187/213504_27ad55fd04efcbfe_002full.jpg
Precious and base metal mineralization at Corral Copper 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 (Figure 1). 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 and skarn related mineralization and associated supergene enrichment mineralization that are interpreted to have formed in the distal porphyry copper geological environment.
Table 2: New Drill Intercepts for the Ringo Zone1
COMPOSITE INTERCEPTS RINGO ZONE | ||||||||||||||
DRILL HOLE DETAILS | ANALYZED GRADE | ANALYZED METAL EQUIVALENT | DILUTED METAL EQUIVALENT | |||||||||||
HOLE | FROM | TO | LENGTH | COPPER | GOLD | SILVER | ZINC | CUEQ | AUEQ | CUEQ | AUEQ | |||
ID | (m) | (m) | (m) | (%) | (ppm) | (ppm) | (%) | (%) | (gpt) | (%) | (gpt) | |||
CC24_018 | 222.00 | 310.25 | 88.25 | 0.46 | 0.31 | 3.16 | 0.02 | 0.72 | 0.98 | 0.60 | 0.82 | |||
Incl. | 227.35 | 272.00 | 44.65 | 0.58 | 0.41 | 3.59 | 0.02 | 0.91 | 1.25 | 0.76 | 1.04 | |||
And | 227.35 | 255.65 | 28.30 | 0.73 | 0.48 | 5.03 | 0.03 | 1.13 | 1.55 | 0.94 | 1.29 | |||
Or | 248.10 | 255.65 | 7.55 | 1.14 | 0.81 | 6.29 | 0.02 | 1.78 | 2.45 | 1.48 | 2.04 | |||
CC24_019 | 79.15 | 254.00 | 174.85 | 0.32 | 0.27 | 1.82 | 0.03 | 0.54 | 0.74 | 0.45 | 0.62 | |||
Incl. | 157.30 | 248.65 | 91.35 | 0.41 | 0.36 | 2.27 | 0.02 | 0.70 | 0.96 | 0.58 | 0.79 | |||
And | 190.50 | 192.75 | 2.25 | 1.76 | 0.47 | 12.46 | 0.01 | 2.21 | 3.03 | 1.86 | 2.55 | |||
And | 236.00 | 242.00 | 6.00 | 1.39 | 0.66 | 2.27 | 0.00 | 1.89 | 2.59 | 1.58 | 2.17 | |||
CC24-022 | 116.60 | 208.00 | 91.40 | 0.71 | 0.43 | 5.99 | 0.15 | 1.12 | 1.54 | 0.93 | 1.28 | |||
Incl. | 116.60 | 137.55 | 20.95 | 1.37 | 1.39 | 5.11 | 0.43 | 2.55 | 3.50 | 2.11 | 2.90 | |||
And | 124.05 | 128.15 | 4.10 | 2.99 | 5.01 | 11.74 | 0.52 | 6.90 | 9.47 | 5.67 | 7.78 | |||
And | 126.60 | 128.15 | 1.55 | 6.22 | 8.83 | 11.80 | 0.78 | 12.99 | 17.82 | 10.71 | 14.68 | |||
And | 131.20 | 133.45 | 2.25 | 4.62 | 1.30 | 14.65 | 0.78 | 5.93 | 8.13 | 4.97 | 6.82 | |||
And | 132.30 | 133.45 | 1.15 | 6.08 | 2.16 | 16.90 | 0.93 | 8.08 | 11.08 | 6.77 | 9.28 | |||
Incl. | 190.50 | 208.00 | 17.50 | 1.63 | 0.24 | 14.82 | 0.03 | 1.94 | 2.66 | 1.64 | 2.24 | |||
And | 190.50 | 197.50 | 7.00 | 2.93 | 0.40 | 23.84 | 0.04 | 3.43 | 4.70 | 2.89 | 3.96 |
As part of the initial 2024 drill program, Intrepid has executed 2959.55m of diamond drilling at Ringo, where near-surface copper-gold-sliver-zinc skarn and replacement style mineralization is spatially associated with magnetite and hematite. The Ringo Zone is located at the southern end of a 3km 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.
Table 3: New Drill Intercepts in the Earp Zone1
COMPOSITE INTERCEPTS RINGO ZONE | |||||||||||
DRILL HOLE DETAILS | ANALYZED GRADE | ANALYZED METAL EQUIVALENT | DILUTED METAL EQUIVALENT | ||||||||
HOLE | FROM | TO | LENGTH | COPPER | GOLD | SILVER | ZINC | CUEQ | AUEQ | CUEQ | AUEQ |
ID | (m) | (m) | (m) | (%) | (ppm) | (ppm) |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "Intrepid Metals Drills 6.22% Cu and 8.83g/t Au (10.71% CuEq) at Its Corral Copper Property in Arizona FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What were the key drill results announced by Intrepid Metals on June 19, 2024?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Intrepid Metals reported 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)."
}
},
{
"@type": "Question",
"name": "What is the significance of the Corral Copper Property drill results for IMTCF?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The drill results indicate high-grade copper-gold-silver-zinc mineralization, suggesting strong economic potential for the Corral Copper Property."
}
},
{
"@type": "Question",
"name": "How many holes were drilled in Intrepid Metals' initial program at Corral Copper Property?",
"acceptedAnswer": {
"@type": "Answer",
"text": "A total of 25 holes, amounting to 4805.7 meters, were drilled in the initial program."
}
},
{
"@type": "Question",
"name": "What are the next steps for Intrepid Metals after the initial drill program at Corral Copper Property?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Intrepid Metals is preparing for a phase two drill program later this year."
}
}
]
}
FAQ
What were the key drill results announced by Intrepid Metals on June 19, 2024?
Intrepid Metals reported 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).
What is the significance of the Corral Copper Property drill results for IMTCF?
The drill results indicate high-grade copper-gold-silver-zinc mineralization, suggesting strong economic potential for the Corral Copper Property.
How many holes were drilled in Intrepid Metals' initial program at Corral Copper Property?
A total of 25 holes, amounting to 4805.7 meters, were drilled in the initial program.
What are the next steps for Intrepid Metals after the initial drill program at Corral Copper Property?
Intrepid Metals is preparing for a phase two drill program later this year.
INTREPID METALS CORP
OTC:IMTCFIMTCF RankingsIMTCF Latest NewsIMTCF Stock Data
14.35M
31.92M
19.93%
5.58%
Other Industrial Metals & Mining
Basic Materials
United States of America
Vancouver
|