Intrepid Metals Corp. Extends Agreement to Acquire Tombstone South Property in Arizona
Intrepid Metals Corp. has announced that it has extended its agreement with New Empire Exploration LLC to acquire a 100% interest in the Tombstone South Property located in Arizona. The extension allows the company more time to complete the required work commitment of US$500,000, which was originally due in May 2024, to May 2025. In exchange, Intrepid will issue an additional 100,000 common shares to the Vendor.
CEO Ken Brophy expressed excitement about the potential of the Tombstone South Property, citing promising results from a recent geophysical survey. The property is strategically located near the Tombstone mining district, known for its high-grade silver, lead, and zinc deposits.
The extension of the agreement gives Intrepid the opportunity to plan and execute a drill program following a successful private placement earlier in the year. The Tombstone South Property is situated southwest of Tombstone, Arizona, in an area rich with historical mining activity.
For more information on the Tombstone South Property, interested parties can refer to the National Instrument 43-101 Technical Report available on SEDAR.
Dr. Chris Osterman, a consultant for Intrepid Metals Corp., who is a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information in the announcement.
Intrepid Metals Corp. is a Canadian company focused on exploring high-grade essential metals projects in Arizona. The company is listed on the TSX Venture Exchange and the OTCQB Venture Market.
For further details, please contact CEO Ken Brophy at 604-681-8030 or info@intrepidmetals.com.
The company cautions that forward-looking information contained in the release is subject to risks and uncertainties that may cause actual results to differ from expectations. Neither the TSX Venture Exchange nor its Regulation Services Provider has reviewed or approved the contents of this release.
