Multiple Porphyry Targets Identified At Freeze Project

VANCOUVER – IDEX Metals Corp. reported on drill holes KSMT25005 and KSMT25006 at its Freeze Copper-Gold-Molybdenum Project in Idaho. The 2025 drill program succeeded in confirming continuous mineralization across the Kismet Breccia Complex, with each of the campaign’s six drill holes intersecting significant copper. Drilling demonstrated that the Freeze system extends from a surface-exposed tourmaline breccia complex into deeper intrusive-hosted mineralization. Notably, drill hole KSMT25006 intersected intrusive-hosted copper-molybdenum mineralization, following the penetration of a pyrite-rich shell, representing a key geological transition within the system. Increasing molybdenum grades and molybdenite-chalcopyrite-bearing vein networks occurring towards the bottom of the hole – strong geochemical vectors – suggest proximity to a deeper magmatic-hydrothermal source.
These geological observations are supported by newly-acquired induced polarization (IP) and Magnetotelluric/Extremely Low Frequency (MT/ELF) geophysical data, which define a large, coherent conductivity anomaly at depth beneath the Kismet and North Breccia trend; this represents a priority porphyry target to begin drilling in 2026.
KSMT25005 intersected 87.03 m of 0.36% CuEq (0.285% Cu, 2.04 g/t Ag, 57 ppm Mo), within 287.43 m of 0.27% CuEq (0.19% Cu, 1.27 g/t Ag, 72 ppm Mo). KSMT25006 intersected 109.80 m of 0.54% CuEq (0.12% Cu, 0.65 g/t Ag, 517 ppm Mo), within 428.55 m of 0.278% CuEq (0.12% Cu, 0.68 g/t Ag, 186 ppm Mo).
Largest intersection of intrusive-hosted copper–molybdenum mineralization to date, in drill hole KSMT25006, following penetration of a pyrite-rich shell. Strong molybdenum enrichment and molybdenite veining at depth, supporting vectoring towards a magmatic-hydrothermal source.
IP and MT/ELF geophysics define a large conductivity anomaly at depth, directly beneath Kismet and the North Breccia. Expanded Phase II drill program set to begin Spring 2026, designed to expand the resource through the Kismet Corridor (KismetNorth BrecciaFrostfall), along with exploratory drilling at the CM, Olive Creek, and Devils Slide targets. First, drill-ready target defined for 2026, stepping onto the North Breccia and testing the center of the geophysical anomaly. 
Clayton Fisher, CEO, said, “Our 2025 drill program clearly demonstrated the consistent presence of copper mineralization from surface to depth across an emerging porphyry prospect at Freeze. We have two tourmaline breccias exposed at surface, copper mineralization in all six drill holes completed to date, and — critically — we’ve now intersected intrusive-hosted copper-molybdenum mineralization, after drilling through a pyrite shell in hole KSMT25006.”
“The increasing molybdenum grades and molybdenite veining at the bottom of that hole provided exactly the kind of geological indicators we want to see as we vector towards a deeper magmatic source. When we overlay that data with our IP and MT/ELF geophysics – which define a large conductivity anomaly directly below Kismet and the North Breccia – the picture becomes very compelling. In 2026, we plan to step out onto the North Breccia and drill straight down into the heart of that anomaly.”