IDEX Metals Commences 2025 Exploration Program at the Freeze Copper-Gold Project,
IDEX Metals Commences 2025 Exploration Program at the Freeze Copper-Gold Project,
Washington County, Idaho
Vancouver, B.C. – July 9, 2025 – IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX)
is pleased to announce the commencement of its 2025 field exploration program at the
Company’s 100% owned Freeze Project, a copper-gold porphyry system located in the emerging
Idaho Copper Belt. The fully funded program will consist of a multiphase approach with soil and
rock sampling, property wide mapping, geophysics and diamond drilling. Exploration will focus on
confirming areas of known mineralization at the Kismet Tourmaline Breccia Pipe and discovering
new zones of mineralization across the amalgamated 31,645 acre property.
Key Highlights
● Multiphase Exploration Program: The Company’s fully funded 2025 program is
underway at the 31,645 -acre Freeze Project including geological mapping, sampling,
geophysics, and diamond drilling across the largely underexplored copper-gold porphyry
prospect.
● Extensive Surface Work to Define New Targets: With the collection of up to 5,000 soil
and rock samples, along with geological mapping, it is expected to expand coverage of
known anomalies, investigate new targets, and refine the district-scale exploration model.
● Advanced Geophysical Surveys: A Magnetotelluric (MT) and experimental Na tural
Source Induced Polarization (NSIP) survey was completed over much of the property to
map deep porphyry -related structures at depth, with optional a ZTEM survey under
evaluation pending initial results.
● Drilling to Target Priority Zones: Up to 2,500 metres of diamond drilling will follow up
on high-grade historical intercepts at the Kismet Target and test coincident geochemical-
geophysical anomalies at the Cuddy Mine (CM) Target, with IDL permits in place and
USFS permitting progressing.
“The 2025 program at Freeze marks a significant step forward for IDEX,” stated Clayton Fisher,
CEO of IDEX. “Exploration is designed to aggressively advance our technical understanding of
this emerging copper-gold system, guided by compelling historical data, newly defined anomalies,
and a robust geologic model. With multiple porphyry targets, strong geophysical and geochemical
anomalies, and permitting in place, we are positioned to systematically evaluate the mineral
potential of this underexplored district.”
Freeze Project Overview
The Freeze Project totals 31,645 acres through a combination of United States Forest Service
(USFS) claims and a recently secured Idaho Department of Lands (IDL) mineral lease (see June
24th, 2025, news release). IDEX has a significant land position in the Idaho Copper Belt, a newly
emerging porphyry district that has attracted majors including Barrick, Rio Tinto, Teck, and BHP.
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Figure 1. Geological and structural model of the Freeze Project showing plan view (top) and
interpreted cross-section (bottom)
IDEX’s Freeze Project exhibits geological characteristics analogous to Hercules Metals’
Leviathan discovery and Scout Discoveries’ Cuddy Mountain project, such as phyllic alteration
halos and widespread copper -in-soil anomalies. Despite the scale and potential of the
landholding, only ~13% of the property has been explored using modern techniques.
As part of its initial exploration focus, IDEX has prioritized two high -potential zones within the
broader Freeze land package: the Kismet and Cuddy Mine (CM) targets. Kismet represents a
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high-priority porphyry-related target characterized as a copper-bearing Tourmaline Breccia Pipe
(TBP). It is defined by a 500 x 500 m Cu- in-soils anomaly and supported by historic drillhole
results up to 40.15 m @ 0.83% Cu (see June 10th, 2025, news release). Surface mineralization
includes chalcopyrite, azurite, malachite, and tourmaline in conjunction with alteration that are
characteristic of TBP systems, which are commonly associated with porphyry copper deposits.
The Cuddy Mine (CM) target features a 1,500 x 2,000 m Cu- in-soil anomaly supported by rock
samples grading up to 3.5% Cu & 33 g/t Au , and a coincident IP chargeability high flanked by
resistive zones (see June 10th, 2025, news release). These features are indicative of a potential
buried porphyry or high- sulfidation epithermal system. Drill targets at CM have been prioritized
based on the overlap between known geochemical and geophysical anomalies.
Phase 1 Exploration Timeline
The first phase of exploration has now commenced at the Freeze Property. Exploration will focus
on a phased approach with concurrent mapping and sampling, staged geophysical surveys, and
diamond drilling. Exploration activities are expected to continue unt il mid -September 2025.
Sampling and mapping will continue until the end of August, while the initial Magnetotelluric (MT)
and experimental Natural Source Induced Polarization (NSIP) geophysical surveys have already
been completed. Drilling is expected to begin in mid -July and continue until mid- September.
These timelines are subject to change based on ongoing results and field conditions.
Figure 2. Expected timelines of mapping and sampling, geophysics and drilling at the Freeze
project.
Sampling and Mapping Program
IDEX has launched a systematic and comprehensive sampling and mapping campaign at Freeze
including the collection of up to 5,000 soil and rock samples. Work will focus on the expansion of
high-priority areas such as the Kismet and CM zones, and discovery o f new zones based on
geophysical interpretation and current boots-on-the-ground mapping and sampling work.
To date, over 700 soil samples have been collected, focussing on infilling the immediate area
between the Kismet TBP, and the CM Target. Furthermore, expanded soil grids are being
targeted in the erosional window surrounding the Kismet Target. This work builds on previous
campaigns that yielded rock samples grading up to 3.5% Cu and 33 g/t Au, with 18 out of 121
samples returning over 1 g/t Au in pyrite -rich, vuggy quartz veins (see June 10th, 2025, news
release).
The Company will also undertake detailed geological mapping across ~27,000 acres of previously
unmapped terrain. Mapping will focus on identifying new exposures of Triassic lithologies in
erosional windows across the property. Initial work will prioritize the Hornet and Olive Creek areas,
which provide key transects across major lithological units. If new mineralized exposures are
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identified, the erosional windows will then be mapped and sampled in detail, with a focus on
identifying structural controls on mineralization and alteration. These features may indicate the
presence of a large magmatic -hydrothermal system, which are known to host multi -kilometre
copper-gold deposits. Mapping will be integrated with geophysical and historical geochemical
datasets to refine exploration models and guide future targeting.
Figure 3: Soil sample survey at Freeze.
MT & NSIP Geophysics
To enhance subsurface targeting and refine the structural and lithological framework at depth,
IDEX completed a sparse, broadband MT survey over the core project area at Freeze. The survey
was conducted by Moombarriga Geoscience (M-Geo US Inc.). MT geophysics measures natural
variations in the Earth's electromagnetic fields to map resistivity contrasts in the subsurface,
making it a powerful tool for imaging conductive and resistive bodies associated with mineralized
porphyry systems.
Data from 27 five-component MT sounding stations were acquired, centered over the Kismet and
CM target areas. The MT survey provides deep imaging capability, detecting resistivity contrasts
to depths exceeding two kilometres, which will refine drill target ing and help resolve deeper
conductive zones linked to porphyry intrusions and alteration halos. Preliminary models are
expected in July, followed by a full 3D inversion in August. The program also benefited from cost
efficiencies due to concurrent regional work and the use of nearby existing MT stations.
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Additionally, IDEX has included the use of experimental NSIP data, which could offer an additional
chargeability layer to highlight disseminated sulfide zones and map deep resistivity features
associated with porphyry systems.
An airborne ZTEM survey may be conducted as a follow -up, depending on results of the MT
survey and findings from a planned drill program expected to commence in mid- July of 2025.
ZTEM would complement the MT dataset to generate a more comprehensive joint inversion and
3D model of the district.
Figure 4. Magnetotelluric (MT) geophysical station sites at Freeze
Drilling Program: Kismet & Cuddy Mine Targets
Kismet Target
The Kismet Target is centered on a copper -bearing Tourmaline Breccia Pipe where historical
drilling intersected strong near-surface mineralization, including 40.15 m @ 0.83% Cu, including
15 m @ 1.26% Cu (see June 10th, 2025, news release). Recent surface sampling by IDEX has
outlined a 500 x 500 metre copper -in-soil anomaly at Kismet, with values up to 0.3% Cu
supporting the presence of near-surface mineralization (see June 10th, 2025, news release).
Alteration zonation at Kismet includes an upper oxidized zone, a phyllic assemblage with
tourmaline-quartz-sericite and clay alteration, and a deeper potassic zone featuring biotite and
porphyry clasts observed in historic core. Drill logs from shallow (≤130 m) historic holes indicate
a transition from oxide to phyllic alteration, ending just above the potassic zone, suggesting the
deeper, higher-grade porphyry core was not tested.
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The Kismet Target is located within IDEX’s 28,432-acre Hornet Block, which is fully permitted for
drilling under its IDL mineral lease (see June 24th, 2025, news release).
Drilling objectives at Kismet will be to confirm historic high -grade drill intercepts, and to test for
deeper porphyry mineralization. Regional structural interpretation indicates that porphyry systems
in the district are tilted northwest, meaning mineralized centers plunge to the southeast. Planned
2025 drilling will target these down- plunge extensions of tilted mineralization to tap into a
potentially intact porphyry core at depth.
Figure 5. Schematic of idealized Kismet Tourmaline Breccia Pipe (TBP) and the proposed
diamond drill hole design to target potential porphyry mineralization at depth.
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Cuddy Mine (CM) Target
The CM target hosts a broad 1,500 x 2,000 m copper-in-soil anomaly, supported by rock samples
grading up to 3.5% Cu and 33 g/t Au (see June 10 th, 2025, news release). In 2024, IDEX
completed an induced polarization (IP) geophysical survey which identified a coincident central
chargeability anomaly flanked by resistive zones, features that are consistent with a buried
porphyry or high-sulfidation epithermal system.
The CM target is located on the 3,213 acre USFS portion of the Freeze property. Permitting in
this area is progressing, with approval from the USFS expected by late summer 2025. Drill targets
have been prioritized based on the overlap of coincident geochemical and geophysical anomalies,
with the recent MT & NSIP geophysical surveys and ongoing field exploration expected to further
refine and optimize drill collar locations ahead of program initiation.
Upcoming Catalysts
With multiple technical programs underway, IDEX is well positioned to deliver a transformative
year of exploration across its flagship Freeze Project. A fully permitted IDL lease gives IDEX the
flexibility to keep drills turning while USFS approvals for the CM block are finalized. Investors can
therefore expect a steady stream of technical updates throughout the summer and into the fall as
the Company works toward unlocking the district-scale copper-gold potential of Freeze.
Engagement of Plutus Invest and Consulting GmbH
In addition, the Company would like to announce that it has entered into a marketing services and
consulting agreement with Plutus Invest & Consulting GmbH (“Plutus”), a company located in
Bremen, Germany, providing online marketing services for mineral resources companies.
Plutus is wholly -owned by Marco Messina. Pursuant to the agreement, Plutus will provide the
Company with marketing and communications services for a term commencing on July 7, 2025
and ending on July 6, 2026. The services provided by Plutus will be consulting services relating
to connections with European service providers, advertising on digital platforms, marketing,
European regulatory compliance, PR strategies and building investor awareness of the Company
through Plutus's network in the European markets. The Company has agreed to pay Plutus a
one-time cash fee of CAD$120,000. Plutus is an arm's length party to the Company. To the best
of the Company’s knowledge, neither Plutus nor any non-arm’s length parties to Plutus own any
securities of the Company and do not have any right to acquire any securities of the Company as
at the date hereof.
Qualified Person Statement
David Hladky, P.Geol. (registered in Alberta) and VP Exploration of IDEX Metals Corp., a
Qualified Person (“QP”) as defined in National Instrument 43- 101 Standards of Disclosure for
Mineral Projects, is responsible for the accuracy of, and has reviewed and approved the use of
the scientific, technical and historical information pertaining to the Freeze, Mineral Mountain and
Amie Projects (the “Projects”) in this news release.
This news release contains information that relates to rock sampling completed on portions of the
Freeze Project. Rock sampling is selective by nature and may not be representative of the
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mineralization actually located at the Freeze Project. Additionally, this news release refers to
other projects that are adjacent, nearby or potentially analogous to the Freeze Project from a
geological perspective. Mineralization hosted on adjacent, nearby or geologically similar projects,
is not necessarily indicative of mineralization hosted at the Freeze Project.
About IDEX Metals Corp.
IDEX Metals Corp. is a mineral exploration company focused on advancing a portfolio of base
and precious metal projects in Idaho, USA. IDEX is primarily focused on the exploration and
development of the Freeze Copper-Gold porphyry prospect located in the newly discovered Idaho
Copper Belt, Washington County, Idaho. With a strategic land position in a top- tier mining
jurisdiction and surrounded by major industry players, IDEX is committed to redefining district -
scale exploration in Idaho.
For more information, please visit https://idexmetals.com/.
ON BEHALF OF THE BOARD OF DIRECTORS
Clayton Fisher, CEO & Director
For further information regarding IDEX contact:
Sharyn Alexander
Vice President Corporate Development
1 (604) 260-0356
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this news release that are not historical facts may be forward -looking
statements. These forward-looking statements involve risks, uncertainties and other factors that
could cause actual results to differ materially from those expre ssed or implied by such forward -
looking statements. In addition, the forward -looking statements require management to make
assumptions and are subject to inherent risks and uncertainties. There is significant risk that the
forward-looking statements will n ot prove to be accurate, that the management’s assumptions
may not be correct and that actual results may differ materially from such forward- looking
statements. Accordingly, readers should not place undue reliance on the forward -looking
statements. Generally forward -looking statements can be identified by the use of terminology
such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”,
“potential” and similar expressions. These forward-looking statements are based on a number of
assumptions which may prove to be incorrect which, without limiting the generality of the following,
include: risks inherent in exploration activities; the impact of exploration competition; unexpected
geological or hydrological conditions; changes in government regulations and policies, including
trade laws and policies; failure to obtain necessary permits and approvals from government
authorities; volatility and sensitivity to market prices; volatility and sensitivity to capital market
fluctuations; the ability to raise funds through private or public equity financings; environmental
and safety risks including increased regulatory burdens; weather and other natural phenomena;
and other exploration, development, operating, financial market and regulatory risks. The forward-
looking statements contained in this press release are made as of the date hereof or the dates