Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCF) has announced that four drill holes have been completed to date at its Holliday Zone which covers approximately 1km of the company’s 3km trend at its Corral Copper Property in Arizona, USA.
The 5,000m diamond drill programme is still ongoing and is expected to consist of 23 holes within the three main zones of the property. The company has also announced that core from the first two holes has been sent to ALS Limited (ALS) and results are expected in late March or early April.
“We are very pleased that our first drill programme is going so well at our Corral Copper Property. The entire team are doing tremendous work as we continue to further understand the geological model and generate new target ideas based on what we see in the field,” said Ken Brophy, CEO of Intrepid.
“We are getting great recovery and we have extended two of our holes beyond the planned depth based on visual inspection of the core. I look forward to the initial results in the weeks ahead and remain excited at the prospect of creating lasting value for our shareholders.”
The fifth drill hole is currently underway, and it is expected that two more holes will be drilled at the Holliday Zone (for a total of seven holes) before heading south to the Earp Zone, where an additional five holes are planned. The remaining 11 holes are planned at the Ringo Zone, which is at the southernmost portion of the property.
All three zones form part of a 3km-long trend of impressive copper and gold mineralization within patented mining claims and additional surface rights. The drill programme is expected to verify the fragmented historical results from various previous drill campaigns and extend certain holes that ended in mineralization.
For further information, please visit: www.intrepidmetals.com
To read more articles like this, please visit: www.theassay.com
