Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCF) has agreed to acquire a 100% interest in the MAN property from Mining and Mineral Opportunity Ltd. (MMO), consolidating an established trend of mineralization within its Corral Copper project in Arizona, US.
The Corral Copper project area is located about 20 miles from the company’s Tombstone South property and has about 50,000m of historical drilling data, which shows shallow mineralization of copper, silver, gold, and zinc.
“When I brought Intrepid to the market in 2022, it was my hope that we would be able to…consolidate this district, where substantial historical drilling had been undertaken with excellent results, but where fragmented land ownership had prevented further capital investment,” said Mark Morabito, chair of Intrepid.
“We have an exceptional team with a long history of working in the State of Arizona and Cochise County in particular, where permitting for mining projects has recently occurred. The remainder of 2023 and the first several months of 2024 will be very busy for our team as they set about reproducing and expanding the established mineralized footprint through extensive drilling.”
The MAN property hosts 80 previous drill holes and 19,449m of assay data, within 622 acres of patented mining claims and BLM lode claims, with several high-grade copper and gold intercepts from historic drilling, including:
- Hole 28_08: 3m of 1.63% Cu and 1.45g/t Au
- Hole 28_01: 3m of 0.75% Cu, 0.34g/t Au, and 14.47g/t Ag
The Corral Copper project has expanded to cover more than 9,600 acres, including 1,800 acres of patented mining claims and surface rights, with the addition of the MAN property.
Intrepid has acquired complete ownership agreements with four land holders in the Corral district and has consolidated the core area. The management team is still working with other stakeholders and may consolidate more land holdings in the area as they move forward with their programmes.
For further information, please visit: www.intrepidmetals.com
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