Drill Hole To Test Kismet Tourmaline Breccia Target

VANCOUVER – IDEX Metals Corp. announced that drillhole KSMT25002 was recently completed on the Freeze property. It intersected 101.0 m of 1.02% Cu, within wider zones of 160.1 m of 0.77% Cu and 420.8 m of 0.37% Cu (from surface). KSMT25002 was designed to test the Kismet Tourmaline Breccia target (“Kismet”) as part of the Company’s Phase I drill program, and followed up on results from hole KSMT25001.
Significant intervals from drillhole KSMT25002: 420.81 m grading 0.37% Cu, 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W from 1.89 m depth, over the entire length of the hole and not accounting for internal dilution. Including 251 m of 0.54% Cu, 2.91g/t Ag, 187ppm Mo, and 631ppm W, 160 m of 0.77% Cu, 3.99 g/t Ag, 162 ppm Mo, and 588 ppm W, and 101 m of 1.02% Cu, 5.49 g/t Ag, 299ppm Mo, and 805 ppm W.     
Continued variable oxide copper mineralization (malachite, chrysocolla, and chalcocite) throughout the hole, with local concentrations of structurally-controlled oxides at depth in a sulfide dominant mineral assemblage. MT Geophysics has proven to be a useful tool, and will be further calibrated with additional drilling over a range of resistivity zones to aid in target development. Induced Polarization (IP) survey is underway to link Kismet to mineralized geological features located to the north and south of current drilling over an 11 x 4 km magmatic corridor. The third drillhole at Kismet, KSMT25003, has been completed to a depth of 346.56 m, with assays expected in November.
Clayton Fisher, CEO, said, “The second drillhole at Freeze is a game changer for IDEX. Building on the first hole, we’ve now delivered more than 420 metres of continuous copper mineralization from surface with multiple high-grade zones, including 101 metres of +1% Cu and 251 metres of +0.5% Cu. Demonstrating this kind of scale and grade in the opening two holes of a Phase I drill campaign is truly exceptional, and indicates that Freeze is well on its way to becoming a major copper discovery in Idaho. IDEX continues to be impressed by the Kismet target, and the Freeze property as a whole, which has been developed through boots-on-the-ground, systematic exploration. The Company continues to work towards our goal of adding multiple new targets for drill testing during next year’s field season.”