Intrepid Metals Outlines New Clanton Zone with 2.19% Copper over 24.35m within 0.80% Copper over 71.70m at Corral Copper
NEWS RELEASE
Intrepid Metals Outlines New Clanton Zone with 2.19% Copper over 24.35m
within 0.80% Copper over 71.70m at Corral Copper
October 2, 2025 (TSXV:INTR) (OTCQB:IMTCF)
VANCOUVER, BRITISH COLUMBIA, Intrepid Metals Corp. (TSXV:INTR) (OTCQB:IMTCF)
(“Intrepid” or the “Company”) is pleased to provide assay results from the new Clanton Zone at the
Company’s Flagship Corral Copper Property (“Corral” or the “Property”) in Cochise County, Arizona.
The Company has completed its 2025 drill program at Corral, with a total of twenty -one drill holes
(5765.4 meters (“m”)) across the Clanton, Ringo, Earp, and Holliday zones. Assay results for the final
six drill holes are still pending.
The Clanton Zone is located roughly 200m south of the Ringo Zone and has been traced over 180m
(see Figure 1 below). This new zone consists of carbonate replacement deposit (“CRD”) style copper-
gold-silver mineralization similar to Ringo but separated by the West Star Hill Fault. The latest drill
hole, CC25_040 intersected 71.70m of 0.88% Copper Equivalent 1 (“CuEq”) including 24.35m of
2.30% CuEq and 7.90m of 5.32% CuEq . The Clanton Zone also includes CC24_016, which
intersected 198.00m of 0.93% CuEq including 72.20m of 1.73% CuEq.
“The latest results from Corral continue to build on the momentum we’ve established, confirming the
strength of the system and its potential to support long -term growth,” said Mark Morabito, Chairman
and CEO of Intrepid Metals. “The discovery of a new zone south of Ringo is particularly exciting, as
it expands our exploration footprint and unlocks further opportunities to create shareholder value.
Together, these advances underscore the significant upside that remains across the property.”
Highlights from Hole CC25_040:
CC25_0402:
- 71.70m of 0.80% Copper (“Cu”), 0.10 grams per ton (“gpt”) Gold (“Au”) and 5.35 gpt
Silver (“Ag”) (0.88% Copper Equivalent (“CuEq”)1) including,
o 24.35m of 2.19% Cu, 0.17 gpt Au and 11.59 gpt Ag (2.30% CuEq1) including
o 7.90m of 5.54% Cu, 0.24 gpt Au and 16.19 gpt Ag (5.32% CuEq1).
- 26.40m of 0.07% Cu, 0.06 gpt Au and 3.27 gpt Ag (0.18% CuEq1).
- 77.55m of 0.11% Cu, 0.06 gpt Au and 2.21 gpt Ag (0.15% CuEq1).
New Zone at Corral Copper
The emerging Clanton Zone is defined by 3 holes including CC24-16, CC_24_17, and CC25_40. The
Clanton Zone is separated from the Ringo Zone by the northwest trending West Star Hill Fault and is
a shallowly east-dipping open-ended lens of CRD mineralization that is continuous for at least 180
meters that is between 25 and 30 meters thick. H istoric drilling in the area was used to guide
exploration drilling south of the West Star Hill Fault.
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Figure 1: Drill plan map from the Ringo and Clanton Zones at Corral Copper
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Technical Information
All scientific and technical information in this news release has been reviewed and 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.
Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test
data underlying the information or opinions contained in this news release. Mr. MacNeil verified the
data disclosed ( including previously released Intrepid data underlying the information disclosed) in
this news release by reviewing imported and sorted assay data; checking the performance of blank
samples and certified reference materials; reviewing the variance in field duplicate results; and
reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review
of the data and is not aware of any sampling, recovery or other factors that could materially affect the
accuracy or reliability of the drilling data referred to in this news release.
As it relates to adjacent properties disclosed in this news release, Mr. MacNeil has been unable to
verify the information and that the information is not necessarily indicative to the mineralization on the
Corral Copper Property.
Table 1: Drill Intercepts for the Ringo Zone1
CC25_0402 COMPOSITE INTERCEPTS
DRILL HOLE DETAILS ANALYZED GRADE DILUTED METAL
EQUIVALENT1
DRILL HOLE FROM TO LENGTH COPPER GOLD SILVER ZINC CUEQ AUEQ
ID (m) (m) (m) (%) (ppm) (ppm) (%) (%) (ppm)
CC25_40 19.90 21.50 1.60 0.01 0.14 3.20 0.00 0.11 0.15
CC25_40 33.60 36.55 2.95 0.01 0.14 0.70 0.00 0.09 0.13
CC25_40 39.30 42.95 3.65 0.01 0.14 1.28 0.00 0.10 0.14
CC25_40 47.20 118.90 71.70 0.80 0.10 5.35 0.46 0.88 1.21
Incl. 81.40 105.75 24.35 2.19 0.17 11.59 1.05 2.30 3.15
And 83.45 91.35 7.90 5.54 0.24 16.19 1.50 5.32 7.30
And 94.80 105.75 10.95 0.73 0.14 10.99 1.16 1.06 1.45
CC25_40 127.50 129.00 1.50 0.02 0.03 1.80 0.17 0.09 0.12
CC25_40 135.00 136.50 1.50 0.01 0.02 0.25 0.26 0.08 0.12
CC25_40 144.70 149.25 4.55 0.04 0.03 1.98 0.36 0.15 0.21
CC25_40 157.60 184.00 26.40 0.07 0.06 3.27 0.28 0.18 0.25
Incl. 175.40 184.00 8.60 0.13 0.10 2.00 0.25 0.24 0.33
CC25_40 194.75 196.00 1.25 0.04 0.02 2.10 0.20 0.11 0.15
CC25_40 199.00 201.60 2.60 0.04 0.04 1.55 0.08 0.09 0.12
CC25_40 238.00 315.55 77.55 0.11 0.06 2.21 0.05 0.15 0.21
Incl. 255.00 267.00 12.00 0.19 0.10 2.86 0.07 0.26 0.35
Table 2: Drill Hole Location Information for Holes CC25-026 through CC25_046
DRILL START END EASTING NORTHING ELEVATION AZIMUTH INCLINATION DEPTH
HOLE DATE DATE (m) (m) (m) (°) (°) (m)
CC25_026 2025-04-28 2025-05-03 613245 3514003 1424 0 -90 234.4
CC25_027 2025-05-04 2025-05-08 613265 3514017 1423 0 -90 224.65
CC25_028 2025-05-09 2025-05-16 613267 3513936 1420 0 -90 240.8
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CC25_029 2025-05-17 2025-05-23 613353 3513985 1415 225 -60 305.1
CC25_030 2025-05-24 2025-05-30 613219 3513900 1423 0 -90 270.7
CC25_031 2025-05-31 2025-06-06 611891 3515918 1501 235 -40 320.65
CC25_032 2025-06-07 2025-06-12 612028 3515934 1472 0 -90 313.05
CC25_033 2025-06-12 2025-06-17 612135 3515757 1485 235 -80 230.1
CC25_034 2025-06-18 2025-06-22 612169 3514840 1495 250 -45 204.2
CC25_035 2025-06-22 2025-06-29 612258 3514776 1494 245 -50 249.95
CC25_036 2025-06-30 2025-07-06 612177 3514898 1497 250 -50 219.6
CC25_037 2025-07-07 2025-07-18 613050 3514029 1435 0 -90 334.65
CC25_038 2025-07-19 2025-07-29 613337 3513870 1422 0 -90 282.55
CC25_039 2025-07-30 2025-08-09 613276 3513906 1420 0 -90 255.75
CC25_040 2025-08-10 2025-08-22 613341 3513664 1438 0 -90 331.30
CC25_041 2025-08-23 2025-08-27 613099 3513981 1428 0 -90 310.00
CC25_042 2025-08-28 2025-09-02 613188 3513970 1425 0 -90 274.90
CC25_043 2025-09-03 2025-09-10 613305 3514040 1420 0 -90 212.15
CC25_044 2025-09-11 2025-09-15 613156 3513936 1425 0 -90 290.15
CC25_045 2025-09-15 2025-09-22 614067 3513972 1411 215 -70 391.05
CC25_046 2025-09-23 2025-09-27 613206 3513935 1423 0 -90 269.75
Quality Assurance and Quality Control
Drill core was first reviewed by a geologist, who identified and marked intervals for sampling. The
marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core
box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique
sample numbers are recorded on the drill logs and the samples are sequenced with standards and
blanks inserted according to a predefined QA/QC procedure. The samples are maintained under
security on site until they are shipped to the analytical lab.
All core samples were sent to ALS Geochemistry (ALS), a division of ALS Global, in Tucson, Arizona,
for sample preparation, with pulps sent to the ALS Geochemistry laboratory in Reno, Nevada for
analysis. ALS meets all requirements of International Standar ds ISO/IEC 17025:2017 and ISO
9001:2015 for analytical procedures and is independent of the Company. HQ size core was split and
sampled over approximately two metre intervals. Samples were analyzed using: ALS's Fire Assay
Fusion method (Au-AA23) with an AA finish for gold and by gravimetric finish (Au-GRA21) for samples
assaying greater than 10 ppm (g pt) gold; by a 36 -element four acid digest ICP -AES analysis (ME-
ICP61) with additional analysis for High Grade Cu (Cu-OG62), High Grade Zn (Zn-OG62) and High
Grade Pb (Pb-OG62); and for silver assays above 100 ppm (g/t) by Fire Assay Fusion method with
gravimetric finish (Ag-GRA21). ME-ICP61 results were reported in parts per million (ppm), High Grade
(OG62) results were reported in percent (%). In addition to A LS quality assurance - quality control
(QA/QC) protocols, Intrepid implements an internal QA/QC program that includes the insertion of
sample blanks, duplicates, and standards, with QA QC control samples comprising approximately
10% of the sample stream.
About Corral Copper
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 copper3. 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.
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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
50,000m 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 is confident that by combining modern exploration techniques with historical data and with a
clear focus on responsible development, the Corral Copper Property can quickly become an
advanced exploration stage project and move towards development studies.
About Intrepid Metals Corp.
Intrepid Metals Corp. is a Canadian company focused on exploring for high -grade essential 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 4, 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). Intrepid has assembled an exceptional team with considerable experience with
exploration, developing, and permitting new projects within North America. Intrepid is traded on the
TSX Venture Exchange (TSXV) under the symbol “INTR” and on the OTCQB Venture Market under
the symbol “IMTCF”. For more information, visit www.intrepidmetals.com.
INTREPID METALS CORP.
On behalf of the Company
“Mark Morabito”
Chairman & CEO
For further information regarding this news release, please contact:
Mark Morabito, Chairman & CEO
604-681-8030
Notes
1 Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and
copper, gold, silver and zinc assay values according to a 0.10% CuEq (see below) cutoff and include a maximum of 10
meters of internal dilution. All intervals reported are down hole core lengths, and true thicknesses have yet to be determined.
Mineral resource modeling is required before true thicknesses can be estimated. Analyzed Grade cor responds composite
weighted (“composites”) averages of laboratory analyses. Metal Equivalent assumes estimated recovery factors including
85% recovery for copper, and 80% recovery for gold, silver and zinc for reported composite intervals. Metal prices used for
the CuEq and AuEq calculations are in USD based on Ag $22.00/oz , Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb The following
equation was used to calculate copper equivalence: CuEq = Copper (%) (85% rec.) + (Gold (g/t) x 0.71)(80% rec.) + (Silver
(g/t) x 0.0077)(80% rec.) + (Zinc (%) x 0.28)(80% rec.). The following equation was used to calculate gold equivalence:
AuEq = Gold (gpt)(80% rec.) + (Copper (%) x 1.4085)(85% rec.) + (Silver (gpt) x 0.0108)(80% rec.) + (Zinc (%) x
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0.4188)(80% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for
reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.
2 Drill hole CC25_040 contained two intervals where samples could not be obtained due to loss of recovery during drilling.
These intervals occur from 93.55-94.80 (1.25m) and 96.60-99.65m (3.05m). These intervals are located in a mineralized
core run and have been included in composite calculations but have been assigned zero assay values for copper, gold,
silver and zinc for purposes of weighted average composite intercept calculations.
3 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine
website, on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History) and from Briggs, D.F., 2015, History of the
Warren (Bisbee) Mining District, Arizona Geological Survey Contributed Report CR-15-b, 8 p.
4 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32
completes acquisition of Arizona Mining).
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward -looking information within the meaning of applicable Canadian securities
laws. Such forward-looking statements relate to: the potential of the property; the interpretation of drills results; the potential to support long-term
growth; unlocking further opportunities to create shareholder value; the significant upside that remains across the property; the exploration potential
of the Corral Copper Property and the Company’s other mineral projects; and potential future production.
In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that c ertain actions, events or results "may",
"could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, object ives, assumptions,
intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors
and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration
activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of l abour and materials,
receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to
currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be
reasonable based on information currently available to it, they may prove to be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-
looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability
to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated
geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial
conditions and the impact of any future global pandemic on the Company’s business, reliance on key personnel, operational risks inherent in the
conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk
that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property
titles and interests, environmental risks and the additional ri sks identified in the “Risk Factors” section of the C ompany’s reports and filings with
applicable Canadian securities regulators.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those
described in forward -looking information, there may be other factors that cause actions, events or results n ot to be as anticipated, estimated or
intended. Accordingly, readers should not place undue reliance on forward -looking information. The forward-looking information is made as of the
date of this news release. Except as required by applicable securities la ws, the Company does not undertake any obligation to publicly update or
revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this
release.