SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) February 6, 2003. INTREPID TECHNOLOGY & RESOURCES, INC. (Exact name of registrant as specified in its charter) Idaho 000-30065 82-0230842 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification Number) 501 Broadway, Suite 200, Idaho Falls, Idaho 83402 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (208) 529-5337 - ------------------------------------------------------------------------------ (Former name or former address, if changed since last report.) ITEM 1. CHANGES IN CONTROL OF REGISTRANT. None. ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS. None. ITEM 3. BANKRUPTCY OR RECEIVERSHIP. None. ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT. None. ITEM 5. OTHER EVENTS. United States Securities and Exchange Commission Washington, D.C. 20549 RE: Discovery of Previously Undisclosed Information Dear Commissioners In the course of reviewing documentation associated with the acquisition of certain mineral rights from the Cordoba and Garnet Mining Corporations by Iron Mask Mining Company (now known as Intrepid Technology and Resources, Inc, "Company") via an August 23, 2001 Agreement, we have discovered that the former Iron Mask officers and directors executing the said Agreement neglected to document or inform the shareholders or the SEC that they 1) failed to secure and file a deed to the property, and 2) accepted the property with liens and encumbrances attached. The current officers and directors, upon discovering this fact, are making disclosure of the same. In addition, with the filing of this 8-K, we are making further disclosure that we have served formal notice to Cordoba and Garnet Mining Corporations under the provisions of the referenced August 23, 2001 Agreement to cure a default condition by providing the required deed and documentation supporting the decision by the previous officers and directors to accept the property with encumbrances. The following is the complete text of the letter provided to the Cordoba and Garnet Mining Corporations' legal counsel and filed with our Corporate Counsel relative to the above. February 6, 2003 Mr. David Rodli 2001 South Russell P.O. Box 2190 Missoula Montana 59806 Re: Notice to Cure Default Condition Dear Mr. Rodli: In concurrence with Corporate Counsel and at the direction of the current Board of Directors, and in view of the fact that we have received no response to our letter of December 30, 2002, we are exercising our right under Section 8 "BREACH OF AGREEMENT AND INVOCATION OF REMEDIES" of the August 23, 2001 "AGREEMENT TO SELL AND PURCAHSE MINERAL RESERVES, REAL PROPOERTY AND SHARES OF COMMON STOCK" ("Agreement") between Iron Mask Mining Company, Inc (now known as Intrepid Technology & Resources, Inc) and Cordoba Corporation and Garnett Mining Corporation. As of this date, Cordoba Corporation and Garnet Mining Corporation have failed to provide a deed to the mineral rights transferred to Iron Mask Mining Company under said Agreement, nor have they provided documentation that the previous officers and directors of Iron Mask Mining Company, Inc agreed to accept such deed with liens and encumbrances. We find this constitutes a default to meet Cordoba and Garnet Mining Corporations' obligation set forth in Section 2 of the Agreement. This default condition has continued in excess of the stipulated ten (10) days and we hereby provide the required written notice that Cordoba Corporation and Garnet Mining Corporation have thirty (30) days in which to cure this default. If not cured within this time period, Intrepid Technology & Resources, Inc. will exercise its right to invoke any and all remedies at its disposal without further written notice. Concurrent with this notice to you, we are also filing a Form 8K with the Security and Exchange Commission containing the text of this letter and disclosing that the previous officers and directors neglected to inform the Iron Mask Mining shareholders and the SEC that they accepted these mineral rights with encumbrances and failed to secure the deed to same. Sincerely, Dennis D. Keiser President and CEO Cc: Givens Pursley, LLP FileSincerely, This information will also be included in our next 10-QS/B filing. Sincerely, Jacob D. Dustin Secretary Intrepid Technology and Resources, Inc. 501 W. Broadway, Suite 200 Idaho Falls, ID 83402 ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS None. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. None. ITEM 8. CHANGE IN FISCAL YEAR. None. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. (Registrant) INTREPID TECHOLOGY & RESOURCES, INC. /s/ Dennis D. Keiser -------------------- Dennis D. Keiser, President Date: February 6, 2003