New Drill Targets At The Corral Copper Project

VANCOUVER - Intrepid Metals Corp. reported further information on new drill targets following the successful completion of its initial drill program at Corral Copper Property in Cochise County, Arizona. Intrepid successfully tested a 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint aimed at assessing the potential to host economic carbonate replacement deposits (CRD), skarn, and related porphyry copper mineralization and encountered substantial shallow and high-grade mineralization.

During and after the completion of the highly successful 2024 diamond drill program at Corral, Intrepid executed several exploration initiatives with the objective of utilizing new exploration data to conduct exploration targeting and subsequent target ranking to establish infill and step-out drill targets and to identify new, stand-alone drill-ready exploration targets. Intrepid completed the first ever ground-based gravity geophysical survey1 covering key parts of the Ringo and Earp Zones to 1) Determine if the mineralization at Corral has an associated gravity response, and 2) Determine if gravity data can be used to identify new targets outside of the established drill footprint at Corral.

"The gravity survey was successful at finger-printing the Ringo Zone, home of our highest-grade drill results to date," stated Ken Engquist, Chief Executive Officer. "Similar high-potential targets are present elsewhere on our property and they will be tested as part of our Phase 2 drill program, set to commence in early 2025. The recent gravity survey results at Corral are particularly exciting, as they suggest this cost-effective method could be used to directly detect gold and copper mineralization throughout the entire property."