Intrepid Metals Corp. has announced that it has amended the option to purchase agreement with Bronco Creek Exploration Inc. for the Mesa Wells Project in Arizona, USA. This amendment extends the deadline for completing the required work commitment of US$250,000 from August 24, 2024 to August 24, 2026. As part of the agreement, an additional 50,000 common shares of Intrepid will be issued to the Vendor.
CEO of Intrepid, Ken Brophy, stated, “Mesa Well remains an important project for the Company, and we are exploring ways to optimize shareholder value. While resources have been allocated to the initial drill program at Corral Copper, we remain committed to enhancing the approved drill program at Mesa Well.”
The Mesa Well Project is located in Arizona, approximately 100 kilometers northeast of the City of Tucson. Positioned within the Laramide Copper Porphyry Belt, the property covers approximately 6,550 acres and is strategically located near major copper deposits in the region.
Intrepid Metals Corp. is a Canadian company focused on exploring high-grade essential metals in Arizona, USA. With a portfolio of drill-ready projects, including the Corral Copper Project, Tombstone South Project, and Mesa Wells Project, Intrepid is dedicated to exploring, developing, and permitting new projects in North America.
For more information about Intrepid Metals Corp., please visit their website or contact CEO Ken Brophy at the provided contact information.
Please note that forward-looking information in this news release is based on certain assumptions and factors related to the Company’s exploration plans, mineral properties, potential mineralization, and production timelines. Forward-looking information may involve risks and uncertainties that could impact the Company’s actual results. Readers are advised not to rely solely on forward-looking information and to refer to the Company’s reports and filings for a comprehensive understanding of the risks involved.
