Intrepid Metals discovers new mineralization 1km east Corral Copper mineralization, Arizona

Intrepid Metals Corp. [TSXV: INTR; OTCQB: IMTCF] provided assay results from the two final diamond drill holes from the 2025 drill campaign at the company’s flagship Corral Copper property in Cochise County, Arizona. One of these holes was drilled approximately 1 km east of the Ringo Zone, in an untested part of the Property and it confirmed anomalous base and precious metals over significant intervals.

“Drilling in the new zone approximately one kilometre to the east has confirmed the presence of both base and precious metal mineralization, marking an important milestone in our exploration program,” said Mark Morabito, Chairman and CEO of Intrepid Metals. “Importantly, the geological features observed are very similar to those seen at Ringo, suggesting a consistent mineralizing system. While the grades encountered are not yet at the levels we have historically seen, these results represent a very encouraging first step as we continue to advance this target area.”

Highlights from Holes CC25_045 and CC25_046 – CC25_046: 55.50 metres of 0.37% copper, 0.56 g/t gold and 9.01 g/t silver from 62.50 m to 118.00 m (1.13% copper equivalent (CuEq)), including 7.20m of 0.88% Cu, 0.27 g/t Au and 47.22 g/t Ag (2.10% CuEq) from 70.80m to 78.00m.

CC25_045: 13.00m of 0.11% Cu, 0.04 g/t Au and 5.64 g/t Ag (0.31% CuEq) from 144.00m to 157.00m.

Hole CC25_045 was designed to test coincident magnetic and gravity geophysical features associated with favorable geology that is reminiscent of the Ringo Zone but located approximately 1 km east. This target contains a similar gravity feature to that which occurs at Ringo, a magnetic feature and prospective Jurassic intrusions. Hole CC25_045 is significant because it contains silica-clay-altered quartz monzonite intrusion(s) and anomalous base and precious metals over significant intervals including 13.00 m of 0.11% Cu, 0.04 g/t Au, 5.64 g/t Ag, 0.48% Zinc with a CuEQ value of 0.31% (from 144.00 to 157.00 m).

The geophysical features and the presence of intensely altered and mineralized monzonite porphyry represent a new zone of highly prospective, distal “Ringo Style” mineralization that will be prioritized for drill delineation in 2026.

The Corral Copper property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper.

Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral.

The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership.

There is over 50,000 metres of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of this data.

Intrepid Metals is focused on exploring for high-grade metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 2018, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona).