INTREPID METALS CORP Stock Price, News & Analysis

Intrepid Metals (TSXV: INTR) (OTCQB: IMTCF) has received permits for a 5,000-meter Phase 2 drill program at its Corral Copper Project in Cochise County, Arizona's Turquoise District. The program is scheduled to begin by the end of April 2025.

The company aims to expand upon its 3.5 by 1.5 km copper-gold-silver-zinc mineralized footprint discovered during their 2024 program. While most drill locations are on patented mining claims requiring no permits, the new permits allow expansion beyond these boundaries.

Currently, exploration crews are conducting systematic surface mapping and geochemical sampling. This work builds on 2024 activities that included 4,806 metres of diamond drilling, surface mapping, geological modeling, ground-based gravity geophysical survey, and 3D inversion of historical airborne magnetic data. The 2025 exploration results will help refine drill locations for the upcoming Phase 2 program.

Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) has identified several new porphyry copper-gold targets at its Corral Copper Property in Cochise County, Arizona. The property, located in the Turquoise District, shows geological similarities to the prolific Bisbee Camp.

Key highlights from the 2024 drill program include exceptional intercepts at the Ringo Zone:

• 112.95m of 1.50% Cu, 0.53 g/t Au, and 8.22 g/t Ag (1.66% CuEq)
• 193.15m of 0.68% Cu and 0.33 g/t Au (0.83% CuEq)

The company has conducted systematic exploration targeting using geological mapping, geochemical sampling, and various geophysical studies. The project is centered on three northwest trending CRD style copper-gold-silver prospects: Ringo, Earp, and Holliday. Additionally, Intrepid has acquired the Emmet Claim, adding 19.13 acres to the project area for $10,000 USD and 75,000 common shares.

Intrepid Metals (TSXV: INTR, OTCQB: IMTCF) announces that Rio Tinto and Ivanhoe Electric have acquired mineral rights adjacent to Intrepid's Corral Copper Project in Arizona. Rio Tinto has secured land on the eastern borders, while Ivanhoe Electric acquired land on the southwestern position.

The company reports having confidentiality agreements with four major strategics for data room access. Their initial drill program at Corral delivered significant results, including intercepts of 112.95 meters of 1.50% Copper, 0.53 g/t Gold, and 8.22 g/t Silver from the Ringo Zone. Notable highlights include sections with up to 20.20% Copper, 8.51 g/t Gold, and 250.00 g/t Silver.

Intrepid plans to commence a Phase 2 drill program in early 2025, focusing on expanding known mineralization zones and exploring new targets identified through a ground-based gravity geophysical survey.

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.