IDEX Completes Maiden Drill Program at the Freeze Property, Idaho & Provides Program Update and Technical Discussion
IDEX Completes Maiden Drill Program at the Freeze Property, Idaho &
Provides Program Update and Technical Discussion
Vancouver, B.C. – December 9, 2025: IDEX Metals Corp. (“IDEX” or the “Company”)
(TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that it has completed its maiden
drill campaign at the Freeze Property in Idaho, USA ( “Freeze” or the “Property”). The
program concluded with a total of 2,282 meters of drilling across 6 drillholes at the Kismet
Breccia Target. The drilling was successful in delineating and expanding a large copper -
bearing magmatic -hydrothermal system in and around the Kismet Brecci a Complex
(“Kismet”).
Highlights
● Six drillholes completed totaling 2,282 m at the Kismet Breccia Complex
● Copper mineralization was encountered in all 6 drillholes on the Property
● The footprint of the Kismet Breccia Complex in the subsurface has laterally
reached 765 m North-South, 135 m East-West and vertically extends beyond 500
m, and is open in all directions
● Final hole KSMT25006 discovered the Property’s first intrusive- hosted (non -
breccia) mineralization south of Hornet Creek, intersecting a pyrite -rich (to 20%)
quartz–sericite–pyrite altered zone with pyrite-molybdenum ± chalcopyrite veins -
interpreted as the outer pyrite shell of a deeper magmatic-hydrothermal system
● The company is awaiting assay results for the 4 remaining drillholes at Freeze,
with results expected in early January
Clayton Fisher, CEO of IDEX, commented: “This was IDEX Metals’ first drill program at
the Freeze Property, and it has corroborated what we’ve believed from the start: Kismet
sits within a large, robust magmatic–hydrothermal system. Every hole hit copper-bearing
breccias or intrusive -hosted miner alization, building a cohesive picture of scale and
continuity. Most importantly, our team’s interpretation establishes that KSMT25006
pushed through a pyrite shell and ended in sulfide mineralization; this is our st rongest
evidence yet – reinforced by geophysical data – that a porphyry center lies south of Hornet
Creek between Kismet and the North Breccia. These results not only exceeded our
technical objectives, they have unlocked an entirely new level of opportunity for IDEX. We
believe Freeze has the makings of a major copper discovery, and we’re moving into the
next phase of exploration with confidence and momentum.”
Figure 1. Plan map of all drillholes completed in the 2026 drill season, including the delineated scale of
the Kismet Breccia Complex
Technical Discussion
The 2025 drilling program was the first IDEX -led campaign completed at the Freeze
Property, and the first in 60 years at the Kismet Breccia Target. The primary goals of the
program were to a) confirm and expand the footprint of historical mineralization that had
been recorded at Kismet, and b) explore for mineralization, alteration and geophysical
characteristics that may indicate the potential for a deeper porphyry-style copper deposit.
The Company believes that it has fundamentally achieved both of these goals, and further
exploration is warranted on the Freeze Property.
To date, results have exceeded the levels of historical mineralization encountered in the
1965 drillholes (40 m at 0.83% Cu; see June 10th, 2025 news release), with IDEX drilling
returning 101 m of 1.02% Cu, from surface (see October 7th,2025 news release) at Kismet.
To date, the Kismet Breccia Complex has laterally reached 765 m North -South and 150
m East -West in the subsurface (Figure 2) and is currently open in all directions. The
deepest hole of the program was KSMT25004, which was drilled to a depth of 518 m and
established that the breccia is open to the south of current drilling (for further details see
the drillhole summary in this release).
Hole KSMT25006, the final hole of the 2025 drill program, also proved to be highly
significant from a geological perspective. KSMT25006 intersected the first intrusive-
hosted, non-breccia-dominant mineralization on the Property. This zone – encountered
just south of Hornet Creek – is interpreted to represent a pyrite shell of a deeper magmatic
hydrothermal system. The drillhole encountered abundant disseminated pyrite (up to 20%)
with vein-hosted pyrite-molybdenum +/- chalcopyrite mineralization associated with weak-
to-moderate quartz-sericite-pyrite alteration. Future drill programs will aim to follow up on
this zone, to better understand its connection to the Kismet Breccia system and the North
Breccia (see November 6th news release).
Please see a detailed description of all drillholes below.
Figure 2. N-S Section showing all drillholes completed in the 2025 drilling campaign with resistivity
isosurfaces
Hole Summaries
Table 1. Summary of Drillhole Locations
KSMT25001
● Intersected a tourmaline- bearing breccia transitioning into tourmaline- bearing
monzonite with weak–moderate potassic alteration.
● Assays for drillhole KSMT25001 returned grades of 182 m at 0.32% Cu, and 278
m at 0.29% Cu from surface (see September 7th, 2025 news release)
● KSMT25001 confirmed a vertically extensive, multi -phase breccia-hosted copper
system with continuous mineralization at Kismet.
KSMT25002
● Drilled into a mineralized tourmaline- bearing magmatic breccia with a distinctive
potassic-altered monzonite matrix and mineralized granodiorite clasts.
● Assays for drillhole KSMT25002 returned grades of 101 m at 1.02% Cu, within
160.11 m at 0.76% Cu from surface (see October 7th,2025 news release).
● Hole KSMT25002 confirmed high-grade potential of oxide bearing mineralization
at the Kismet, and helped establish possible orientation of the breccia complex.
KSMT25003
● KSMT25003 was collared approximately 75 m north of holes KSMT25001 and
KSMT25002 and was drilled at an azimuth of 340 towards the northwest. The goals
of the drillhole were to extend known mineralization at the Kismet Breccia Complex
Hole Easting Northing Azimuth Di
p
Final
Depth
Mineralization
Type
Assay
Status
KSMT25001 52448
1
496081
6 340 -70 278.34 Oxide Copper /
Sulfide Copper Received
KSMT25002 52448
1
496081
6 350 -50 422.7 Oxide Copper /
Sulfide Copper Received
KSMT25003 52445
5
496088
4 340 -50 346.53 Oxide Copper /
Sulfide Copper Pending
KSMT25004 52445
2
496096
0 160 -50 518.31 Oxide Copper /
Sulfide Copper Pending
KSMT25005 52447
8
496081
1 045 -50 287.43 Oxide Copper /
Sulfide Copper Pending
KSMT25006 52441
0
496114
1 340 -50 428.55
Vein-Hosted
Copper /
Molybdenum
Pending
to the north and attempt to gain a better understanding of the geometry of
mineralization at Kismet.
● Contains porphyritic granodiorite and tonalite clasts with moderate–intense phyllic
alteration and D-type veinlets confined to clasts.
● Hole KSMT25003 extended the Kismet Breccia complex to the north of historical
and known drilling, displaying the potential of the Kismet Breccia to be a large and
continuously mineralized breccia system.
KSMT25004
● Drillhole KSMT25004 was collared approximately 75 metres north of KSMT25003
and drilled at an azimuth of 160 degrees to the southeast. The objectives of the
hole were to test the extent of the breccia complex in this direction and to determine
whether the weakly-to-moderately-mineralized tonalite encountered in
KSMT25001 continued to the southeast.
● Copper oxides dominate near surface; sulfide assemblages (chalcopyrite –pyrite)
become more prevalent with depth, with secondary oxides still present beyond 400
m. Mineralization is variable downhole.
● Hole KSMT25004 established that the Kismet Breccia is not closed out to the
south/southeast, as no weakly mineralized tonalite was encountered, thereby
opening the potential for additional drilling to the S-SE of the property in the 2026
drilling season.
KSMT25005
● Tested the eastern margin of the system and intersected the same mineralized
clast-supported breccia seen elsewhere, with strong near-surface oxide copper.
● Copper mineralization becomes more variable downhole but remains persistent
within both clasts and matrix.
● Deeper intervals show repeated tourmaline- rich intrusive pulses and magnetite–
tourmaline–pyrite overprinting of earlier tonalite.
● Hole KSMT25005 established the lateral continuity of the Kismet Breccia and
expanded the extent of mineralized breccia to the N E of historical known drilling.
This infers that there are additional opportunities to expand the Kismet Breccia to
the NE and add potential tonnage through additional drilling and exploration.
KSMT25006
● The objective of the hole was to test the northern extent of the Kismet Breccia
Complex, evaluate its potential connection with the North Breccia Zone and assess
the structural and mineralization relationship with Hornet Creek, which is inferred
to be a major control on mineralization across the Freeze Property.
● Hole KSMT25006 encountered the first example of extensive, primary, non-
brecciated, porphyry-type alteration and mineralization. The hole is interpreted to
have crosscut a pyrite halo that are typically associated with porphyry -type
deposits.
A District-Scale System Emerging
The emergence of larger-scale alteration, mineralization and lithological characteristics is
laying the groundwork for additional discovery potential at the Freeze Property. As more
data continues to become available, a more fulsome picture should emerge, which will
bolster planning efforts for a comprehensive and targeted drilling program on the Property
in 2026. Furthermore, the discovery of the North Breccia Zone – the identification of a
second mineralized breccia center north of Kismet – underscores the fact that the system
extends well beyond the original discovery area. Further to the north, the Frostfall Zone
has revealed a compelling gold-bearing trend (highlighted by assays reaching up to 2.91
g/t Au) signaling a new precious-metals component within the greater system.
Figure 3. Metallogenic Zones on the Freeze Property
Next Steps
● Continued integration of geochemical analysis, surface mapping, geophysical
surveys, and drilling data from holes KSMT25001 through KSMT25006, to define
a robust model for Freeze
● Utilizing the new project model to help identify high- priority drill targets for an
expanded Phase II drilling program during the 2026 exploration season
● Steady news flow expected to start 2026:
○ Assay results from drill holes KSMT25003-25006
○ Geophysics results from IP, Vector IP & ELF surveys
○ Completion of a project wide model with defined Porphyry Copper drill
targets for the 2026 exploration season - this includes testing where we left
off with KSMT25006, which is interpreted to have pushed through the pyrite
shell of a porphyry located between the Kismet and North Breccia Targets.
Qualified Person
The scientific and technical information in this news release has been reviewed and
approved for disclosure by David Hladky, P.Geo. (registered in Alberta), V.P. Exploration
of IDEX Metals Corp. David Hladky is a "Qualified Person" for IDEX Metals Corp. wi thin
the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
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 great 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:
Investor Relations
1 (604) 260-0356
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