IDEX Drilling Confirms Scale of Copper Mineralization at Kismet Breccia Complex, Intersects 130.93 m of 0.40% Cu within 344 m of 0.30% Cu at the Freeze Project, Idaho, USA
IDEX Drilling Confirms Scale of Copper Mineralization at Kismet Breccia
Complex, Intersects 130.93 m of 0.40% Cu within 344 m of 0.30% Cu at the
Freeze Project, Idaho, USA
Vancouver, B.C. – January 14, 2026: IDEX Metals Corp. (“IDEX” or the “Company”)
(TSXV: IDEX; OTCQB: IDXMF) is pleased to announce drill results from holes
KSMT25003 and KSMT25004 at its 100%-owned Freeze Copper-Gold-Molybdenum
Project in Idaho, USA (“Freeze”, or the “Property”). The results further confirm the
scale, strength, and growth potential of Freeze, a large magmatic-hydrothermal copper
system that continues to demonstrate consistent copper mineralization from surface that
expands significantly at depth.
Drilling Highlights
• KSMT25004 intersected 130.93 m of 0.50% CuEq (0.40% Cu, 1.87 g/t Ag, 89
ppm Mo) within 344.34 m of 0.45% CuEq (0.30% Cu, 1.88 g/t Ag, 147 ppm
Mo)
• KSMT25003 intersected 57.10 m of 0.65% CuEq (0.50% Cu, 3.14 Ag g/t, 140
ppm Mo) within 134.22 m of 0.42% CuEq (0.34% Cu, 1.92 g/t Ag, 71 ppm Mo)
• Kismet Breccia Complex (“Kismet”) copper mineralization remains open in
all directions and at depth; Phase I drilling has revealed multiple
high‑priority expansion targets
• Drilling has confirmed continuity of breccia mineralization and constrained
the extent of weakly-mineralized tonalite, strengthening confidence in the
Company’s structural interpretation of the system
Clayton Fisher, CEO of IDEX Metals Corp., commented: “These results are exactly what
we want to see as we continue to define a large copper system. Intersecting hundreds of
meters of consistent copper mineralization from surface – in multiple directions – clearly
demonstrates the strength, scale, and continuity of the system at Freeze. Importantly,
drilling shows that the breccia complex expands at depth and remains open in all
directions, a powerful indicator of long‑term growth potential. With two holes still
pending, the ongoing integration of geophysical datasets, and the development of
additional targets across the Property, we are still in the early stages of unlocking a
district‑scale copper system within one of North America’s most compelling emerging
copper belts.”
Figure 1. KSMT25004 drill core: high grade oxide copper mineralization at depth of 372.51-375.17 meters
Figure 2: KSMT25003 Drill Core: high grade coarse molybdenum with disseminated chalcopyrite/pyrite at depth
of 220.75 meters
Hole KSMT25004 returned 130.93 metres grading 0.40% Cu within 344.34 meters of
0.30% Cu, beginning at just 38.71 meters depth. This broad, continuous interval
demonstrates robust mineralization that remains open both laterally and vertically, and
expands the known mineralization to the south of previously-reported drilling. Hole
KSMT25003 intersected 57.10 meters grading 0.50% Cu within 134.22 meters of 0.34%
Cu, confirming strong continuity of mineralization north of previously-reported drilling.
These results demonstrate that Kismet remains open both to the north and south at
depth, and highlights a vertically-extensive system with multiple vectors for near-term
expansion. Drilling has also constrained the extent of weakly-mineralized tonalite, further
strengthening confidence in the continuity and architecture of the mineralized breccia
body.
Located within the rapidly-emerging Idaho Copper Belt, Freeze benefits from a
jurisdictional advantage while exhibiting geological characteristics comparable to major
porphyry‑related systems around the world. The consistency and thickness of
mineralization intersected to date strongly support the potential for Kismet to evolve into
a district‑scale copper system through continued systematic drilling and geophysical
targeting.
Figure 3. Plan Map of all Drillholes completed in the 2026 drill season (N-S Section can be seen in Figures 4-5)
Table 1. Drill Intercepts for KSMT25003 and KSMT25004
Hole From To Interval (m) Cu (%) CuEq*
(%) Ag (g/t) Mo (ppm) W (ppm)
KSMT25003 1.83 346.56 344.73 0.19 0.28 1.05 97.67 77.80
Including 1.83 136.05 134.22 0.34 0.42 1.92 71.4 88.94
And including 39.95 97.05 57.10 0.50 0.65 3.14 140.20 119.90
And 314.00 327.00 13.00 0.22 0.29 0.50 80.40 249.21
KSMT25004 1.37 518.31 516.94 0.23 0.37 1.48 147.59 274.57
Including 38.71 383.05 344.34 0.30 0.45 1.88 146.72 322.31
With 90.05 220.98 130.93 0.40 0.50 1.87 89.19 300.33
*Copper equivalent calculations used the following assumptions: US$3.75/lb Copper, US$35/oz Silver, US$30/lb Molybdenum, and
metallurgical recoveries were assumed to be 90%. All intervals are presented as core lengths as the true thicknesses of
mineralization is currently unknown.
Technical Discussion
Figure 4. Drill results for the 2026 IDEX Drill program showing lithology and downhole copper.
Figure 5. Drill results for the 2026 drill program showing lithology, downhole copper and resistivity isosurfaces
Table 2. Drillhole Information for KSMT25003 and KSMT25004
Hole Easting Northing Azimuth Dip Final
Depth
KSMT25003 524455 4960884 340 -50 346.53
KSMT25004 524452 4960960 160 -50 518.31
KSMT25003
KSMT25003 was drilled approximately 75 metres north of holes KSMT25001 and
KSMT25002 and was oriented at an azimuth of 340° (NNW). The objective of the hole
was to extend known mineralization at Kismet to the north and to improve the
Company’s understanding of mineralization geometry through lithological correlations
between KSMT25003, KSMT25002, and KSMT25001.
The upper portion of the hole intersected alternating intervals of clast‑supported and
matrix‑supported breccia exhibiting mineralization characteristics consistent with
KSMT25001 and KSMT25002, including abundant oxide copper mineralization. The
mineral assemblage consists of hematite–tourmaline–pyrite–chalcopyrite, locally
upgraded to oxide minerals including malachite and chrysocolla. Mineralization occurs
primarily as a hydrothermal overprint within a magmatic breccia assemblage.
The magmatic breccia contains clasts of two dominant lithologies observed in previous
drilling: (a) porphyritic granodiorite and (b) tonalite. Porphyritic granodiorite clasts
commonly display moderate-to-intense phyllic alteration, often controlled by thin,
millimetre‑scale D‑type veins. These veins are typically confined to clasts and are
interpreted to pre‑date brecciation.
At depth, KSMT25003 enters a broad interval of weakly-mineralized porphyritic
granodiorite with variable alteration intensity and copper grades. A second mineralized
breccia zone was encountered between 313 m and 327 m, consisting of clast‑supported
breccia comparable to that intersected near the top of the hole.
From below overburden to final depth, the interval of 344.73 m averaged 0.19% Cu.
Drilling was terminated due to challenging downhole conditions, including repeated
caving and loss of circulation.
KSMT25004
Drillhole KSMT25004 was collared approximately 75 meters north of KSMT25003 and
was drilled at an azimuth of 160° (SSE) to a total depth of 518.31 m. The objective of the
hole was to test the southern extension of the breccia complex and determine whether
the weakly-to-moderately mineralized tonalite encountered in KSMT25001 extended to
the southeast.
From surface to 472.36 m, the hole intersected alternating intervals of variably-
mineralized breccia. Near surface, mineralization is dominated by copper oxides
including malachite, azurite, chrysocolla, and chalcocite. With increasing depth,
mineralization transitions to sulfide‑dominant assemblages characterized by chalcopyrite
and pyrite, with structurally-controlled intervals of secondary copper oxides persisting at
depths greater than 400 m.
Breccia textures transition from predominantly clast‑supported in the upper portions of
the hole to matrix‑supported at depth. Notably, KSMT25004 did not intersect the weakly-
mineralized tonalite unit observed in KSMT25001, indicating that mineralized breccia
remains open to the south and supporting the potential for continued lateral expansion of
Kismet. The hole was terminated in matrix‑supported breccia due to challenging drilling
conditions.
Below approximately 385 m depth, mineralization becomes less pervasive and
transitions to structurally-controlled oxide mineralization in localized 1–3 m intervals. The
system remains open for oxide copper mineralization to the south above this depth and
for potential porphyry‑style mineralization below this depth.
KSMT25004 confirms that the tonalite body encountered in KSMT25001 is not extensive
and that consistent breccia‑hosted mineralization continues at depth. These results also
demonstrate that highly-resistive geophysical features (>700 ohm‑m; Figure 5) can host
significant copper mineralization, while low-to-moderate resistivity features remain
priority targets for porphyry exploration due to their potential association with more
intense phyllic (quartz–sericite–pyrite) alteration zones.
Upcoming Catalysts
• Assay results from drill holes KSMT25005-25006
• Geophysical results from IP, Vector IP, NSIP & ELF surveys
• Completion of a Property-wide model with defined porphyry copper drill targets
for the 2026 exploration season
• Ongoing planning and development of 2026 exploration activities and Phase II
drilling campaign
Sample Analysis and QAQC
All drill core samples were prepped and analyzed at AGAT Labs Analytical in Calgary,
Alberta, and Thunder Bay, Ontario, ISO 17025 and ISO 9001 certified laboratories.
Samples were dried and crushed to 2 mm, from which a 250 g sub-sample split was then
pulverized to 85% passing a 75-micron sieve. Following preparation, a 48-element 4-acid
digestion (method 201-071) was conducted. For this, a 0.25 g aliquot of the prepared pulp
was digested in a 4-acid solution consisting of hydrochloric, nitric, perchloric and
hydrofluoric acids. 4-acid is a near total digest and only the most highly resistant minerals
are not dissolved. The resulting solution was analyzed via ICP-OES and ICP-MS. Lower
detection limits for this procedure are 0.01 ppm for silver, 0.5 ppm for copper, 0.05 ppm
for Molybdenum and 0.1 ppm for Tungsten.
Gold was analyzed by 202-051, a 30-gram fire assay fusion with AAS finish. No significant
results were reported.
Samples with initial results beyond the upper detection limit of the 201-071 method were
analyzed by over-limit 201-470 procedure (I CP-OES and/or ICP-MS) for copper. For
copper, the threshold is >1%.
AGAT Labs Analytical employs internal quality control standards, duplicates and blank
samples at set frequencies. Blind certified reference materials (CRMs), blank samples and
duplicate ¼ core samples were systematically inserted by the Company into the sample
stream and analyzed as part of the Company's quality assurance/quality control protocol.
At Freeze, “Internal Dilution” includes calculated weighted averages of the drillhole that
may contain lower grade intervals that are greater than five meters in length with less than
1,000 ppm copper. In the table, in general, no intercepts were reported that averaged less
than 0.25 % Copper, except where a significant Tungsten (W) intercept was noted. The
reported intercepts were calculated using copper as the main element of interest, and may
have intervals of more than five consecutive meters of less than 1,000 ppm copper. All
copper values are graphed in the cross section for illustration purposes.
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. within
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 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/.