Intrepid Metals Acquires Key Patented Mining Claims Near Ivanhoe Electric at Corral Copper Project in Arizona
Intrepid Metals (OTCQB: IMTCF) has acquired strategic Viewsite Claims near its Corral Copper Property in Arizona through a Purchase and Sale Agreement worth US$475,000. The claims, spanning 348 acres of patented mining land, are located within 2km of Ivanhoe Electric claims and adjacent to Intrepid's high-grade Ringo Zone, where previous drilling yielded impressive results of 112.95m of 1.50% copper and 216.50m of 0.71% copper.
The Viewsite Claims increase Intrepid's total land position to 10,346 acres and provide full ownership of both surface and mineral rights. The acquisition terms include a US$100,000 payment upon closing and the remaining US$375,000 by January 31st, 2026. The claims show significant exploration potential, featuring porphyry-style alteration, skarn, and carbonate replacement style mineralization.
Intrepid Metals (OTCQB: IMTCF) ha acquisito le strategiche Viewsite Claims vicino alla sua proprietà Corral Copper in Arizona tramite un Accordo di Acquisto e Vendita del valore di 475.000 USD. Le concessioni, che coprono 348 acri di terreno minerario brevettato, si trovano a meno di 2 km dalle concessioni di Ivanhoe Electric e adiacenti alla zona Ringo ad alto tenore di Intrepid, dove perforazioni precedenti hanno prodotto risultati impressionanti di 112,95 m con il 1,50% di rame e 216,50 m con lo 0,71% di rame.
Le Viewsite Claims aumentano la posizione totale di Intrepid a 10.346 acri e garantiscono la piena proprietà sia dei diritti superficiali che minerari. I termini dell'acquisizione prevedono un pagamento di 100.000 USD alla chiusura e il saldo di 375.000 USD entro il 31 gennaio 2026. Le concessioni mostrano un significativo potenziale esplorativo, con alterazioni in stile porfirico, skarn e mineralizzazione da sostituzione carbonatica.
Intrepid Metals (OTCQB: IMTCF) ha adquirido las estratégicas Viewsite Claims cerca de su propiedad Corral Copper en Arizona mediante un Acuerdo de Compra y Venta por valor de 475.000 USD. Las concesiones, que abarcan 348 acres de terreno minero patentado, se encuentran a menos de 2 km de las concesiones de Ivanhoe Electric y adyacentes a la zona Ringo de alta ley de Intrepid, donde perforaciones anteriores arrojaron resultados impresionantes de 112,95 m con 1,50% de cobre y 216,50 m con 0,71% de cobre.
Las Viewsite Claims aumentan la posición total de tierras de Intrepid a 10.346 acres y proporcionan la propiedad total tanto de los derechos superficiales como minerales. Los términos de la adquisición incluyen un pago de 100.000 USD al cierre y el resto de 375.000 USD antes del 31 de enero de 2026. Las concesiones muestran un potencial significativo de exploración, con alteración de estilo pórfido, skarn y mineralización por reemplazo carbonatado.
Intrepid Metals (OTCQB: IMTCF)는 애리조나에 위치한 Corral Copper 광산 인근의 전략적 Viewsite Claims를 475,000달러 규모의 매매 계약을 통해 인수했습니다. 이 광구는 348에이커의 특허 광산 토지로 구성되어 있으며, Ivanhoe Electric의 광구에서 2km 이내에 위치하고 Intrepid의 고등급 Ringo Zone과 인접해 있습니다. 이전 시추에서는 112.95m 구간에서 1.50% 구리, 216.50m 구간에서 0.71% 구리라는 인상적인 결과가 나왔습니다.
Viewsite Claims 인수로 Intrepid의 총 토지 보유 면적은 10,346에이커로 늘어나며, 지상 및 광물 권리에 대한 완전한 소유권을 확보하게 됩니다. 인수 조건으로는 계약 체결 시 100,000달러 지급과 나머지 375,000달러는 2026년 1월 31일까지 지급하는 내용이 포함되어 있습니다. 이 광구는 포피리 스타일 변성, 스카른 및 탄산염 치환형 광화 작용 등 탐사 잠재력이 큽니다.
Intrepid Metals (OTCQB: IMTCF) a acquis des claims stratégiques Viewsite près de sa propriété Corral Copper en Arizona via un accord d'achat-vente d'une valeur de 475 000 USD. Ces claims, couvrant 348 acres de terrain minier breveté, sont situés à moins de 2 km des claims d'Ivanhoe Electric et adjacents à la zone Ringo à haute teneur d'Intrepid, où des forages antérieurs ont donné des résultats impressionnants de 112,95 m à 1,50% de cuivre et 216,50 m à 0,71% de cuivre.
Les Viewsite Claims augmentent la position totale en terres d'Intrepid à 10 346 acres et offrent la pleine propriété des droits de surface et miniers. Les modalités de l'acquisition comprennent un paiement de 100 000 USD à la clôture et le solde de 375 000 USD avant le 31 janvier 2026. Les claims présentent un potentiel d'exploration significatif, avec une altération de style porphyrique, des skarns et une minéralisation par remplacement carbonaté.
Intrepid Metals (OTCQB: IMTCF) hat strategische Viewsite Claims in der Nähe seines Corral Copper Grundstücks in Arizona durch einen Kauf- und Verkaufsvertrag im Wert von 475.000 USD erworben. Die Claims umfassen 348 Acres patentiertes Bergbauland und liegen weniger als 2 km von den Ivanhoe Electric Claims entfernt sowie angrenzend an Intrepids hochgradige Ringo Zone, wo frühere Bohrungen beeindruckende Ergebnisse von 112,95 m mit 1,50% Kupfer und 216,50 m mit 0,71% Kupfer erzielten.
Die Viewsite Claims erhöhen Intrepids Gesamtflächenbestand auf 10.346 Acres und bieten vollständiges Eigentum an Oberflächen- und Mineralrechten. Die Bedingungen der Übernahme beinhalten eine Zahlung von 100.000 USD bei Vertragsabschluss und die restlichen 375.000 USD bis zum 31. Januar 2026. Die Claims zeigen ein erhebliches Explorationspotenzial mit porphyrartiger Alteration, Skarn- und karbonatverdrängender Mineralisierung.
- None.
- Additional US$375,000 payment required by January 2026
- Historical drilling shows only anomalous (not high-grade) copper, gold, and silver in several locations
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") 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
"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:
- Intrepid shall pay the vendor US
$100,000 upon closing and the remaining balance of US$375,000 on or before January 31st, 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.
*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
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.
About Corral Copper
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 copper1. 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.
About Intrepid Metals Corp.
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
INTREPID METALS CORP.
On behalf of the Company
"Ken Engquist"
CEO
For further information regarding this news release, please contact:
Ken Engquist, CEO
604-681-8030
invest@intrepidmetals.com
Notes
1 Information 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).
2 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).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of the property; the closing of the transaction contemplated by the Agreement; the exploration potential of the Viewsite Claims; the interpretation of drills results; details about potential mineralization; the exploration potential of the Corral Copper Property and the Company's other mineral projects; and potential future production.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261415
FAQ
What are the terms of Intrepid Metals' (IMTCF) Viewsite Claims acquisition?
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What drilling results has Intrepid Metals (IMTCF) reported from the nearby Ringo Zone?
How does the Viewsite Claims acquisition impact Intrepid Metals' land position?
What type of mineralization potential exists at the Viewsite Claims?
