Announcement • Jul 15
Intrepid Metals Corp. Identifies New Porphyry Target At Corral Copper Intrepid Metals Corp. has announced the identification of the Curly Porphyry Target, a newly defined exploration target within its district-scale Corral Copper Project in Cochise County, Arizona. Identified through the Company's ongoing integrated exploration program, the Curly Target has emerged as a compelling target for a potential porphyry copper-gold system and represents an important advancement in Intrepid's evolving geological model at Corral. The Curly Target will be further evaluated as part of the Company’s upcoming induced polarization survey in August, ahead of the planned September drill program, which includes approximately 5,000 metres dedicated to testing high-priority porphyry targets. The Curly Target was identified through the integration of geological mapping, detailed drill core review, targeted field investigations and portable X-ray fluorescence analysis. Together, these datasets have identified multiple geological features characteristic of porphyry systems and suggest the Curly Target may lie proximal to a magmatic-hydrothermal center responsible for the extensive carbonate replacement copper-gold-silver mineralization encountered elsewhere across the Project. As part of its technical review, the Company undertook a targeted clast-seeking program designed to better understand both the distribution and character of intrusive fragments encountered within the drill core. The objective of this work was to identify evidence of nearby porphyry mineralization and provide vectors toward the interpreted source intrusion responsible for the widespread carbonate replacement mineralization across the Project. The review identified numerous rounded to sub-rounded clasts of altered intrusive rocks within drill core, including fragments interpreted to be Turquoise Granite. Many of these clasts exhibit strong potassic alteration with localized quartz-sericite-pyrite overprinting and contain porphyry-style quartz B veins hosting chalcopyrite and molybdenite. The mineralized veins terminate at the margins of the clasts, indicating the alteration and mineralization pre-date their incorporation into the surrounding breccia and suggesting they were derived from an already mineralized intrusive source. Field mapping completed at the Curly Target identified porphyry-proximal alteration styles consistent with those observed within the mineralized clasts, including stockwork veining, quartz-sericite-pyrite alteration and altered intrusive rocks. The presence of Turquoise Granite in both outcrop and drill core further strengthens the geological relationship and supports the interpretation that the McLaury Zone may represent, or lie proximal to, the source of the porphyry-style clasts identified elsewhere on the Project. The Company also completed an innovative portable X-ray fluorescence program focused on analysing hydrothermal fracture-fill material rather than the surrounding host rock. By selectively sampling fracture coatings and vein material, the program minimizes dilution from wall-rock geochemistry and enhances the ability to detect geochemical leakage associated with concealed mineralized systems. Preliminary results demonstrate well-defined geochemical clusters, including copper, manganese and sulphur enrichment, together with copper/zinc and zinc/manganese ratios, providing encouraging vectors commonly associated with porphyry systems. The geochemical results support the Curly Target and other priority target areas identified through geological mapping and drill core interpretation. Results from the ongoing geological review and portable X-ray fluorescence program will be integrated with the Company's planned induced polarization survey, scheduled to commence in early August. The combined datasets will be used to refine priority drill hole locations ahead of Intrepid's planned September drill program, which includes approximately 5,000 metres of drilling dedicated to testing high-priority porphyry targets at Corral. All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Announcement • Jul 10
Intrepid Metals Corp Advances Porphyry Targeting At Corral Copper Project Ahead of Integrated Geophysical Survey and Planned Third Quarter Drill Program Intrepid Metals Corp. provided an update on the advancement of its integrated exploration program focused on defining high-priority porphyry copper-gold targets at its Corral Copper Project in Cochise County, Arizona. Building on the Company's successful identification of extensive carbonate replacement mineralization, Intrepid has continued to refine its understanding of the broader mineralizing system through an integrated exploration program undertaken with input from Teck Resources Limited. The next phase of work includes an approximately 65 line-kilometre induced polarization survey, scheduled to commence in early August, ahead of the Company's planned September drill program, where approximately 5,000 metres of the planned 10,000m campaign are expected to be dedicated to testing priority porphyry targets. Initial drilling at Corral successfully demonstrated the presence of extensive carbonate replacement copper-gold-silver mineralization across multiple zones. The Company's exploration model is based on geological similarities between Corral and Arizona's historic Bisbee Mining District, where extensive carbonate replacement mineralization is spatially associated with a significant porphyry copper system. Intrepid's 2026 exploration program has been designed to systematically evaluate whether a similar relationship exists at Corral through an integrated program of geological mapping, surface geochemistry, structural interpretation, drill core relogging and geophysical surveys. The Corral Copper Project was acquired by Intrepid in 2023 based on its potential to host both near-surface, high-grade carbonate replacement copper-gold-silver mineralization and a related porphyry copper-gold system. This exploration model is supported by geological similarities to Arizona's historic Bisbee Mining District, located approximately 100 kilometres southeast of Corral, where high-grade carbonate replacement mineralization at the Copper Queen Mine occurs in association with the Lavender Pit porphyry deposit. Like Bisbee, Corral hosts widespread carbonate replacement mineralization spatially associated with Jurassic felsic intrusions emplaced into favourable Paleozoic carbonate rocks. As part of the Company's integrated exploration program, Intrepid completed a comprehensive review and relogging of drill core, together with targeted field investigations aimed at refining its understanding of the Project's porphyry potential. This work included characterization of alteration styles, veining, intrusive lithologies and mineralization, supported by portable X-Ray Fluorescence analyses and evaluation of porphyry vectoring indicators across the Project. The review has strengthened the Company's geological model through the identification of multiple porphyry-style features, including intrusive-related alteration, quartz-sericite-pyrite alteration, stockwork veining, molybdenum-bearing mineralization and porphyry-style vein textures. These observations, combined with geological mapping, surface sampling and structural interpretation, have helped refine priority target areas that will be further evaluated through the upcoming induced polarization survey and planned porphyry drill program. The next phase of the exploration program will include an approximately 65 line-kilometre induced polarization survey, scheduled to commence in early August. The survey is designed to identify chargeability and resistivity anomalies that may represent sulphide-rich intrusive centres at depth and will provide an important dataset for refining the location and orientation of planned drill holes. Following completion and interpretation of the induced polarization survey, Intrepid expects to commence its September drill program, with approximately half of the planned 10,000m drill campaign dedicated to testing porphyry targets. The remaining drilling will continue to evaluate and expand the extensive carbonate replacement mineralization previously identified across the Project. All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 42% per year over the past 5 years. Shareholders have been substantially diluted in the past year (106% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$97.6m market cap, or US$70.1m). 
