IDEX Metals Expands Mineralized Footprint at Freeze Property with Discovery of New Breccia Zone and New Gold Zone
IDEX Metals Expands Mineralized Footprint at Freeze Property with Discovery of
New Breccia Zone and New Gold Zone
Vancouver, B.C. – November 6th, 2025: IDEX Metals Corp. (“IDEX”, or the “Company”)
(TSXV: IDEX; OTCQB: IDXMF) is pleased to report the discovery of a second mineralized
breccia body (the “North Breccia”) located 700 metres north of current drilling at the Kismet
Breccia Complex (“Kismet”) on its 100%-owned Freeze Property in Idaho, USA (“Freeze”, or
the “Property”). In addition, field crews have uncovered a new gold-bearing zone, (the
“Frostfall Zone”), approximately 950 metres further north.
Key Highlights:
● North Breccia Discovery: Second copper-bearing breccia body identified 700 m north
of Kismet, with malachite–chalcopyrite mineralization in porphyritic granodiorite,
expanding the mineralized footprint.
● New Gold Zone (Frostfall): Discovery of a gold-bearing zone ~950 m north of the North
Breccia which returned up to 2.91 g/t Au, indicating a new structural gold trend north of
Placer Creek.
● Zoned Metal System Emerging: Over 2,300 samples define a copper–molybdenum to
copper–gold transition, confirming a large magmatic-hydrothermal system across the
Freeze Property.
● Geophysics Confirms Continuity: MT survey reveals NW–SE resistivity trends linking
Kismet, North Breccia, and Frostfall, and outlines a connected intrusive–hydrothermal
corridor along Hornet Creek.
● Next Phase Underway: IP and ELF surveys, along with pending drill results from holes
KSMT25003 through 005, will guide 2026 drilling and further expand targets across the
Property.
Clayton Fisher, CEO of IDEX Metals, commented: “The identification of a second breccia
system in close proximity to Kismet, along with a new gold-bearing zone to the north,
underscores the presence of a large, possibly multi-center magmatic-hydrothermal system at
Freeze. IDEX’s expanding dataset continues to reveal a robust copper-molybdenum-gold
system with significant potential for scale in the United States”
Exploration Zones
To date, 323 rock and 1,986 soil samples have been collected on the Freeze Property. Analysis
of available results has revealed a metallogenic zonation on the Property with a
copper-molybdenum system present in the south / central section of the Property, and a
copper-gold system emerging in the north area of the Property. Further work must be done to
constrain and further define the zonation of these systems.
Figure 1. Metallogenic Zones on the Freeze Property
Copper-Molybdenum and the North Breccia Zone
A new breccia system was identified north of current drilling at the Kismet Breccia Complex. The
North Breccia is a similar magmatic breccia system to that of Kismet, with copper oxides
(malachite) and copper sulfides (chalcopyrite) outcropping at surface. The dominant host rock at
the North Breccia is Porphyritic Granodiorite, with minor clasts of diorite. The mineralization
assemblage is tourmaline-hematite-chalcopyrite, which is the dominant assemblage found at
the Kismet Breccia Complex. There is patchy potassic alteration associated with the clast
margins of the porphyritic granodiorite. The breccia outcrop is approximately 100 x 100 m in
size, however the breccia complex dips into the hillside to the NW. There is evidence of minor
historical workings at that location.
The existence of a second breccia body, in close proximity to Kismet, has several implications
for the overall exploration of the Kismet system. Firstly, it remains to be determined whether the
breccia system is part of the same breccia system as Kismet, or whether it represents a
separate magmatic hydrothermal system entirely. Secondly, there may be an important
relationship between NW-trending structures at Placer Creek, Hornet Creek and Olive Creek,
and exposures of mineralized intrusive lithologies.
Gold-Copper and the Frostfall Zone
The Frostfall Zone occurs approximately 950 m north of the North Breccia, on the north side of
Placer Creek. The gold zone returned a sample of 2.91 g/t Au in a grab sample from
sub-outcrop that displayed cm-scale quartz veining in a zone of intense oxidation with specular
hematite. The Frostfall Zone was discovered under the root systems of newly-fallen trees, and
the current extent of mineralization is undefined at the time of writing this news release. The
Frostfall Zone appears identical in alteration and style to that of the CM Zone, which occurs
2500 m to the West-Southwest. The discovery of mineralization in the Frostfall Zone may imply
one or multiple structurally-controlled gold-bearing vein systems that all occur on the north side
of Placer Creek, which may act as an important structural control.
Magnetic Telluric (MT) Survey Highlights
Through the iterative drilling program at the Kismet target, IDEX has identified MT as an
important tool in defining localized intrusive lithologies, and possible intrusive-related
mineralization, however the MT data does not indicate the intensity of mineralization.
Figure 2. Metallogenic Zonation with Long Section A-A’, and local Sections B-B’ at the North Breccia and C-C’ at the
Kismet Deposit
The 2025 MT survey highlighted several large anomalies across Freeze, including several
signatures that correlate to zones of known intrusives with variable mineralization. The
anomalies appear to be oriented on a NW-SE trend which corresponds with a zoned
mineralized zone between the Kismet and Frostfall targets. Along this zone, Hornet Creek
appears to be a major controlling structure with correlated MT anomalies at Kismet and the
North Breccia (Figure 3).
Figure 3. MT Long Section A-A’ showing locations of the Kismet, North Breccia and Frostfall zones
The North Breccia (Figure 4) and Kismet (Figure 5) targets display a low-intermediate resistivity
target, on the flank of prominent resistive features. These resistive features are correlated in the
subsurface but are separated by Hornet Creek. Furthermore, there is a deep-seated
low-intermediate response underneath Hornet Creek (Figure 3) that the Company has identified
as a major exploration target to be considered in the 2026 drilling program. The highly-resistive
features at depth are interpreted to be large batholiths that may be feeding the
magmatic-hydrothermal mineralization on the Freeze Property.
Figure 4. SW-NE Section B-B’ showing resistivity isosurfaces at the North Breccia
The findings of the 2025 MT survey continue to highlight the possibility of a large
magmatic-hydrothermal system. The MT data will continue to be integrated with additional
geophysical methods including planned IP and Extremely Low Frequency (ELF) conductivity
survey.
Figure 5. SW-NE Section C-C’ showing resistivity isosurfaces at the Kismet Breccia
IP-Survey Update
Three large intrusive bodies were revealed in the 2025 MT survey (See September 10th News
Release), along a NW-SE trending corridor that was previously mapped as basalt. Upon field
inspection by IDEX geologists, this zone was found to be largely diorite intrusive with a local
zone of tourmalinized porphyritic granodiorite with pockets of malachite (after chalcopyrite). This
newly exposed corridor – which lacked Jurassic or Tertiary (upper plate) cover – was then
identified for a 2D/3D Induced Polarization (IP) survey.
The 2025 IP survey will focus on connecting the North Breccia with the Kismet Breccia system
and continue to the SE to investigate the extent of mineralization potential between Hornet and
Olive Creek. This survey will further help establish additional drill and exploration targets for the
2026 exploration campaign.
Extremely Low Frequency (ELF) Survey
An ELF electromagnetic survey is planned in tandem with the ongoing IP survey to map
additional conductive features across the Freeze Property. ELF is a cost-effective alternative to
MT and large-loop TEM surveys for deep exploration. The survey measures magnetic fields at
frequencies from 11Hz to 1440Hz. For porphyry copper systems, ELF surveys are a valuable
vectoring tool capable of detecting broad zones of conductivity associated with mineralized
intrusions, alteration halos (pyrite shells), and feeder structures extending several kilometres
below surface. The results will add another layer of information that will be used to target the
broader Freeze Property, and the zone between the Kismet, North Breccia and CM targets for
the 2026 exploration season.
Next Steps and Catalysts
● KSMT25004, a 150m step-out north from KSMT25001, was completed to a depth of
518m, and tested the southern extension of the Kismet Breccia Complex.
● KSMT25005, drilled from pad #1, was completed to a depth of 281m, and tested the
eastern extension of the Kismet Breccia Complex; core is currently being processed.
● KSMT25006, a 300m step-out north from KSMT25001, is testing a large low-resistivity
anomaly, currently being drilled at a depth of 150m at the time of writing.
● Holes KSMT25003 and KSMT25004 are currently in the lab and assay results are
expected in December.
● Further exploration field results and data from various geophysical surveys will be
released as they become available.
Capital Analytica
The Company has entered into a consulting services agreement with Capital Analytica, a British
Columbia based company (the “Capital Analytica Agreement”), Capital Analytica specializes
in marketing, social media, and public awareness within the mining and metals sector.
The Capital Analytica Agreement has an initial term of 6 months, with the option for the
Company to renew for an additional six-month term. Pursuant to the Capital Analytica
Agreement, Capital Analytica has agreed to provide consulting services to the Company, and
the Company will pay Capital Analytica an aggregate cash fee of $150,000 (the “Cash Fee”),
with $75,000 due immediately and the remainder of the Cash Fee due on January 15, 2026.
The Capital Analytica Agreement is subject to approval from the TSX Venture Exchange (the
“TSXV”). In addition to the Cash Fee, the Company will grant Capital Analytica 125,000 stock
options of the Company, at a price equal to the most recent closing price of the Company’s
common shares as of the date of grant (the “Options”).
The consulting services will include on-going capital markets consultation, on-going social
media consultation regarding engagement and enhancement, social sentiment reporting, social
engagement reporting, discussion forum monitoring and reporting, corporate video
dissemination and other related investor relation services.
Capital Analytica and IDEX are not related parties and operate at arm’s length. Neither Capital
Analytica nor its principals have any interest in the Company’s securities, directly or indirectly, or
any right or intent to acquire such an interest.
Think Ink
The Company has also entered into a Public Relations Services Agreement with Think Ink, a
California Limited Liability Company (the “Think Ink Agreement”). Think Ink assists companies
in increasing their public profile amongst investors and consumers.
Pursuant to the Think Ink Agreement, Think Ink shall provide public relations services to the
Company to increase public awareness of the Company and its products, services and
securities, including product branding. The services may include facilitating the creation and
distribution of marketing materials and paid advertisements on behalf of IDEX.
The Think Ink Agreement has a term of 6 months. Pursuant to the Think Ink Agreement, the
Company shall provide Think Ink an up-front marketing budget of US$120,000. Think Ink shall
retain the excess sums above the costs expended for the services as its sole compensation for
the services provided. The Think Ink Agreement is subject to approval from the TSXV.
Think Ink and IDEX are not related parties and operate at arm’s length. Neither Think Ink nor its
principals have any interest in the Company’s securities, directly or indirectly, or any right or
intent to acquire such an interest.
Resignation of VP, Corporate Development
The Company also announces that Sharyn Alexander has resigned as the Vice President of
Corporate Development of the Company to pursue other opportunities. The Company would like
to thank Ms. Alexander for her contributions to the Company.
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/.
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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