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Intrepid Metals Outlines New Clanton Zone with 2.19% Copper over 24.35m within 0.80% Copper over 71.70m at Corral Copper

Jumat, 03 Oktober 2025 | 10:57
Vancouver, British Columbia - Newsfile Corp. - October 2, 2025 - 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 Equivalent1 ("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,
    • 24.35m of 2.19% Cu, 0.17 gpt Au and 11.59 gpt Ag (2.30% CuEq1) including
    • 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. Historic drilling in the area was used to guide exploration drilling south of the West Star Hill Fault.

Figure 1: Drill plan map from the Ringo and Clanton Zones at Corral Copper

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6187/268808_81435f4774e858fe_001full.jpg

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
HOLE
START
DATE
END
DATE
EASTING
(m)
NORTHING
(m)
ELEVATION
(m)
AZIMUTH
(°)
INCLINATION
(°)
DEPTH
(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
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
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