Following the successful completion of a large dipole induced polarization ("IP") ground-based geophysical survey at the Tombstone South Property, Intrepid is planning a 3000 metre drill program. The drill permits have already been granted. The objective of the drill program is to confirm historic drilling to NI 43-101 standards and to test the new identified target area. 

Assuming successful exploration results from the work plan described above, Intrepid intends to conduct further work programs and studies. This work is expected to include additional drilling, sampling and analysis and geological modelling.