Intrepid Metals just ‘scratching the surface’ with highest grade copper-gold hits in Arizona 

Intrepid Metals (TSX-V:INTR) has hit the highest grade copper and gold mineralisation yet in the final three holes of recent drilling at its Corral Property in Arizona.

Drilling returned a peak intercept of 1.4m @ 20.2% copper, 8.51 grams per tonne (g/t) gold and 250g/t silver – or 23.85% copper equivalent.

This came from within a broader section of 112.95m @ 1.5% copper, 0.53g/t gold and 8.22g/t silver – or 1.66% copper equivalent.

This intersection also included 63.4m @ 2.57% copper, 0.91g/t gold and 14.14g/t silver – or 2.83% copper equivalent; and 13.4m @ 6.72% copper, 1.49g/t gold and 46.93g/t silver – or 6.9% copper equivalent. 

All of the final intercepts were from the Ringo Zone, which is located along the southern margin of the 3.5km-long trend of near-surface copper-gold-silver-zinc mineralisation.

In June, Intrepid reported a peak intercept of 1.55m @ 6.22% copper, 8.83g/t gold and 11.8g/t silver and 1.15m @ 6.08% copper, 2.16g/t gold and 16.90g/t silver.

CEO Ken Brophy says the company has ended the initial drill program at the Corral Property with its best results so far.

“We are just beginning to scratch the surface of the potential with shallow and high-grade copper and gold mineralisation within private lands at Corral Copper,” he says.  

“We’ve completed additional mapping and are compiling all the data we have collected to date. This will guide our planning for our next drill program, which we anticipate taking place later this year.”

Vancouver, Canada-headquartered Intrepid, which has a market capitalisation of C$21.7 million ($23.6 million), has completed over 4,800m of diamond drilling across 25 holes at the Ringo, Earp and Holliday zones. 

Technical advisor Daniel MacNeil says the 2024 program intercepted “extensive and locally high-grade” copper-gold-silver-zinc mineralisation across a 3.5km metal endowed trend that contains the Holliday, Earp and Ringo zones.

The new data will be used to target porphyry copper-gold root sources to the mineralisation, as well as build out and extend the high-grade replacement style polymetallic domains.

MacNeil says the drill results indicate that the mineralised footprint is more extensive than historically appreciated. 

“Robust copper-gold-silver-zinc mineralisation has now been detected beyond the favourable Abrigo Formation host rocks in structural corridors and traps, porphyry intrusions, reactive diabase dikes and newly recognised hydrothermal breccias.

“The widespread mineralisation is a reflection of the intensity of the hydrothermal system and the economic potential of the project.”

The Corral Copper Project sits 15 miles east of the famous mining town of Tombstone and 22 miles north of the historical Bisbee mining camp, which has produced more than 8 billion pounds of copper with grades of up to 23%.

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Images: Intrepid Metals
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Written By Angela East
Managing Editor Angela East is an experienced business journalist and editor with over 15 years spent covering the resources and construction sectors and more recently working as a communications specialist handling media relations for junior resources companies.