Intrepid expands Corral copper project through land acquisitions
TSX-V- and OTCQB-listed Intrepid Metals has announced the strategic expansion of its Corral copper property in Cochise County, Arizona, in the US, through the acquisition of an additional four state leases from the Arizona State Land Department (ASLD) and another patented mining claim, the Emmet claim, from Silver Nickle Mining Company.
These new claims, located on the eastern border of Intrepid's existing land package, significantly enhance the company's regional footprint. Notably, several of the newly acquired state leases bridge the southern gap between Intrepid's holdings and recently acquired claims by Rio Tinto.
The property acquisition by Rio Tinto followed Intrepid's successful 2024 drill programme, which highlighted the property's potential and drew significant regional interest.
The new claims increase Corral's total land package by about 888 ha, bringing the company's consolidated holdings to about 4 741 ha. This positions Intrepid to further capitalise on the district's exploration upside and reinforces its presence in one of Arizona's most prospective copperbelts.
"The expansion of our land position at Corral reflects our continued confidence in the district's potential and our commitment to building a meaningful copper asset in a tier-one jurisdiction.
“By securing these strategically located state leases, we've strengthened our competitive position alongside a major industry player and set the stage for further value creation through exploration,” Intrepid CEO Ken Engquist said.
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