Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCF) has announced results from the first 12 diamond drill holes from its initial drill programme on the company’s Corral Copper Property in Cochise County, Arizona. The favourable results from the first 12 holes confirm the 3km long trend of near surface carbonate replacement and related supergene enrichment oxide copper-gold-silver-zinc mineralization in the Holliday, Earp, and Ringo zones, which falls within Intrepid’s private property consisting of patented mining claims and additional surface rights. The planned 5,000m diamond drill programme is ongoing within the three main mineralized zones on the property.
“The results from the first 12 drill holes returned long runs of robust CRD style mineralization punctuated by highly attractive high-grade intervals of copper-gold-silver-zinc, which confirms our confidence in the economic potential of the property,” stated Ken Brophy, CEO of the company. “Additional drilling will be completed at Corral Copper to further confirm historical copper-gold-silver-zinc grade and continuity and to lay the foundation for future exploration drilling designed to expand the Holliday, Earp and Ringo zones along strike and at depth and to identify a possible porphyry copper source for this mineralization.”
Drill highlights:
- 193.15m f 0.68% Copper and 0.33gpt Gold 0.83% Copper Equivalent from 27.00 to 220.15m in Hole CC24_011 including
- 105.20m of 1.17% Cu and 0.55 gpt Au (1.42% CuEq1)
- 48.85m of 2.24% Cu and 0.97 gpt Au (2.58% CuEq1)
- 3.90m of 6.80% Cu and 1.02 gpt Au (6.54% CuEq1)
- 124.00m of 0.52% Cu and 0.35 gpt Au (0.73% CuEq1) from 10.00 to 134.00m in Hole CC24_001 including
- 100.35m of 0.57% Cu and 0.41 gpt Au (0.81% CuEq1)
- 4.00m of 2.70% Cu and 0.89 gpt Au (3.06% CuEq1)
- 159.65m of 0.57% Cu and 0.22 gpt Au (0.64% CuEq1) from 28.35 to 188.00m in Hole CC24_012 including
- 40.45m of 0.97% Cu and 0.40 gpt Au (1.11% CuEq1) an
- 3.85m of 3.34% Cu and 1.54 gpt Au (3.86% CuEq1)
“The results from the first holes of our initial drill program at Corral Copper reaffirms our belief in the full potential of the property,” says Mark Morabito, founder, and chair of Intrepid. “We remain confident in the remainder of this drill programme and look forward to returning more results to the market in the weeks ahead. In addition, we look forward to leveraging the data gained from the current program to propel the project forward and continue to add shareholder value.”
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