Intrepid Metals Corp. (TSXV: INTR | OTCQB: IMTCD) has signed a drill contract with Godbe Drilling LLC on the Corral Copper Property in Cochise County, Arizona. The Godbe drill crew is currently on the property preparing for drilling to commence within the next two weeks. The property, which has historical mining shafts, contains 50,000m of historical drilling data, with shallow mineralization of copper, gold, silver, and zinc.
“We are very pleased to have crews on site and preparing for our first drill programme on our Corral Copper Property,” said Ken Brophy, CEO of Intrepid.
“We spent 2022-2023 consolidating the 3km trend of impressive copper and gold mineralization and the historical drilling data and we’re excited to finally start confirming those results.”
Work on the property currently consists of clearing 23 drill pads and reestablishing access roads in preparation for drilling, which is scheduled to commence within the next two weeks.
The initial 5,000m diamond drill programme is expected to consist of 23 drill holes: seven holes (roughly 1,200 m) at Courtland North, five holes (roughly 900 m) at Courtland South, both of which fall within patented mining claims and 11 holes (2,900 m) at Man for which the surface rights will be acquired under the terms of the existing option agreement.
The drill programme is expected to verify the fragmented historical results from various previous drill campaigns and extend certain holes that ended in mineralization.
In addition, the company clarifies that in connection with its recently closed private placement offering, Intrepid paid finder’s fees of C$111,429.70 in cash and 321,560 in finder’s warrants. Each finder’s warrant is non-transferable and exercisable for one share at C$0.45 each for a period of two years.
For further information, please visit: www.intrepidmetals.com
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