IDEX Metals Intersects 101m of 1.02% Cu, 160m of 0.77% Cu and 251m of 0.54% Cu within 421m of 0.37% Cu from Surface, Including 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W, at the Freeze Project, Idaho, USA
IDEX Metals Intersects 101m of 1.02% Cu, 160m of 0.77% Cu and 251m of 0.54% Cu
within 421m of 0.37% Cu from Surface, Including 1.96 g/t Ag, 192 ppm Mo, and 419 ppm
W, at the Freeze Project, Idaho, USA
Vancouver, B.C. – October 7th, 2025 – IDEX Metals Corp. (“IDEX” or the “Company”)
(TSXV: IDEX; OTCQB: IDXMF) is pleased to announce that drillhole KSMT25002, recently
completed by IDEX on the Freeze property (“Freeze” or the “Property”), intersected 101.0 m
of 1.02% Cu, within wider zones of 160.1 m of 0.77% Cu and 420.8 m of 0.37% Cu (from
surface). KSMT25002 was designed to test the Kismet Tourmaline Breccia target (“Kismet”) as
part of the Company’s Phase I drill program, and followed up on results from hole KSMT25001
(see September 10th, 2025 press release for additional details).
Key Highlights
● Significant intervals from drillhole KSMT25002:
● 420.81 m grading 0.37% Cu, 1.96 g/t Ag, 192 ppm Mo, and 419 ppm W from
1.89 m depth, over the entire length of the hole and not accounting for internal
dilution
● Including 251 m of 0.54% Cu, 2.91 g/t Ag, 187 ppm Mo, and 631 ppm W
● And 160 m of 0.77% Cu, 3.99 g/t Ag, 162 ppm Mo, and 588 ppm W
● And 101 m of 1.02% Cu, 5.49 g/t Ag, 299 ppm Mo, and 805 ppm W
● Continued variable oxide copper mineralization (malachite, chrysocolla, and
chalcocite) throughout the hole, with local concentrations of structurally-controlled oxides
at depth in a sulfide dominant mineral assemblage
● MT Geophysics has proven to be a useful tool, and will be further calibrated with
additional drilling over a range of resistivity zones to aid in target development
● Induced Polarization (IP) survey is underway to link Kismet to mineralized geological
features located to the north and south of current drilling over an 11 x 4 km magmatic
corridor
● The third drillhole at Kismet, KSMT25003, has been completed to a depth of 346.56 m,
with assays expected in November 2025
Clayton Fisher, CEO of IDEX Metals, commented: “The second drillhole at Freeze is a game
changer for IDEX. Building on the first hole, we’ve now delivered more than 420 metres of
continuous copper mineralization from surface with multiple high- grade zones, including 101
metres of +1% Cu and 251 metres of +0.5% Cu. Demonstrating this kind of scale and grade in
the opening two holes of a Phase I drill campaign is truly exceptional, and indicates that Freeze
is well on its way to becoming a major copper discovery in Idaho. IDEX continues to be impressed
by the Kismet target, and the Freeze property as a whole, which has been developed through
boots-on-the-ground, systematic exploration. The Company continues to work towards our goal
of adding multiple new targets for drill testing during next year’s field season.”
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Table 1. Highlighted Drill Intercepts
*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.
Figure 1. Plan map showing location of Kismet drillholes KSMT25001, KSMT25002, KSMT25003
and KSMT25004
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Drillhole Summary
KSMT25002 was collared on the same pad as KSMT25001, in a tourmaline- bearing magmatic
breccia unit with mixed clasts of porphyritic granodiorite, tonalite, diorite and early gabbro
intrusives. The breccia matrix is dominated by a later -stage monzonite unit that brecciates and
resorbs clasts of earlier granodiorite and tonalite intrusive. The monzonite intrusive is tourmaline-
bearing and displays 0.5- 2 cm acicular tourmaline phenocrysts in a weak potassic (biotite-
potassium feldspar) altered groundmass. Both the granodiorite clasts, and intrusive monzonite
matrix are independently mineralized. Clasts of the porphyritic granodiorite often display a quartz-
sericite-pyrite overprint that is controlled by D-type veinlets, which are confined to the clasts. The
hole is dominated by large intersections of the mineralized intrusive breccia, which is intermittently
crosscut by two, small late -stage mafic dykes, interpreted as “feeder dykes” to the overlying
tertiary basalt cover seen across parts of the Property. At depth, the breccia grades into sections
of diorite and tonalite, punctuated by mineralized breccia zones and sections of less -altered
porphyritic granodiorite.
A
A’
KSMT25004
KSMT25001 KSMT25002
KSMT25003
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Mineralization near the top of the hole is dominated by an oxide copper assemblage of malachite,
chrysocolla, and chalcocite, with hematite which overprints a primary magnetite -chalcopyrite-
tourmaline hydrothermal assemblage and appears to be related to the monzonite intrusive.
Malachite is also commonly observed overprinting clasts of porphyritic granodiorite, giving the
rock a greenish hue. Elevated concentrations of these mineralized clasts have been shown to
correspond with an increase in relative grade. The oxide assemblage also occurs as fracture fill,
and is present at depths exceeding 300 m. Downhole, mineralization transitions to a sulfide-
dominant assemblage of pyrite-chalcopyrite as disseminated clots and as isolated veinlet / vein
fill.
Figure 2. Malachite-Chrysocolla oxide assemblage overprinting mixed magmatic breccia (128.0-
128.22 m; 1.71% Cu, 2.77 g/t Ag, sample G008434; KSMT25002)
Figure 3. Cross Section displaying assay results and lithology for holes KSMT25001 and
KSMT25002
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MT Geophysics and Geophysics Update
Hole KSMT25002 was drilled to the northwest at an azimuth of 353 and an angle of -50, through
moderately-resistive features ranging from 400 -600 Ohm -m. The moderate resistivity (and
conductivity) features are interpreted to be correlated with known zones o f quartz-sericite-pyrite
(and possible oxide copper) overprint in the magmatic breccia unit at Kismet. These quartz -
sericite-pyrite zones can be mineralized; however, the full relationship between
resistivity/conductivity and mineralization has been constr ained through the drill testing of low,
moderate, and high resistivity zones within the context of the Kismet Target and the overall
Property.
MT has proven to be an effective targeting tool at the Kismet target. As such, to further refine
targeting, and to further de- risk future drilling at Freeze, an Induced Polarization (IP) survey is
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currently being completed by Moombarriga Geoscience. This survey will link Kismet to
mineralized geological features located to the north and south of the current drilling over an 11 x
4 km magmatic corridor.
Figure 4. MT Cross Section Figure with KSMT25001 and KSMT25002
Upcoming Catalysts
● KSMT25003 was completed to a depth of 356.56 m. Drill core is being processed and
assays are expected in November
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● KSMT25004 – a 150-metre step-out from KSMT25002 – is currently in progress. The hole
was drilled to the southeast, scissoring KSMT25002. At the time of writing the hole has a
current depth of 282 m
● Induced Polarization (IP) survey results over the Kismet Breccia target and newly -
identified 11x4km structural corridor will be detailed in an upcoming press release
● Field exploration at Freeze is ongoing, with a focus on the identification of new drill targets
(to be disclosed in upcoming press releases)
Sample Analysis and QAQC
All drill core samples were prepped and analyzed at AGAT Labs Analytical in Calgary, Alberta,
and Thunder Bay, Ontario, an ISO 17025 and ISO 9001 certified laboratory. 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 (ICP-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.
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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
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