IDEX Metals Receives Exploration Plan Approval for the Freeze Project and Engages Scout Drilling LLC for 2025 Drill Program
IDEX Metals Receives Exploration Plan Approval for the Freeze Project and Engages
Scout Drilling LLC for 2025 Drill Program
Vancouver, B.C. – June 24, 2025 – IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX)
is pleased to announce two significant milestones as it advances its flagship Freeze Project, a
copper-gold porphyry system located in the emerging Idaho Copper Belt. The Idaho Department
of Lands has approved the Company’s Phase I Exploration Plan for the Hornet Block, and IDEX
has engaged Scout Drilling LLC ("Scout Drilling"), a wholly owned subsidiary of Scout Discoveries
Corp., to execute its fully funded 2025 diamond drill program.
Key Highlights
● Drill Permit Approval: The Idaho Department of Lands (IDL) has formally approved
IDEX’s Phase I Exploration Plan for the Hornet Block, part of the Freeze Project, enabling
the Company to commence drilling at the high-priority Kismet Target.
● Scout Drilling Engaged: IDEX has engaged Idaho-based Scout Drilling, a subsidiary of
Scout Discoveries Corp., to lead the upcoming fully funded 2,500 metre diamond drill
program beginning Q3 2025. Scout owns its own drill fleet and brings significant
experience operating in the Idaho Copper Belt.
● Ongoing Exploration Planning: IDEX plans to drill up to 2,500 metres at the Kismet and
CM targets, as well as, to complete a large-scale MT geophysical survey, property wide
mapping, and a 5,000 sample geochemical survey. Further details on the Phase I
exploration program, including broader 2025 field plans, will be provided in an upcoming
news release.
● Additional Permits Nearing Completion: The Company’s application on United States
Forest Service (USFS) land is in the final stages of review, with permit approval anticipated
by late summer.
Exploration Plan Approved on Idaho State Land
The 28,432-acre Hornet Block, part of IDEX’s 100%-owned Freeze Project, is now fully permitted
for drilling under its Phase I Exploration Plan. The IDL permit allows for an initial 5 acres of surface
disturbance, with the ability to expand as required, providing greater flexibility than comparable
permits on federal land. With 20 pads already approved in Phase 1 and a fast, streamlined
amendment process, IDEX can rapidly adapt and scale its drill program based on initial results.
This key approval allows IDEX to commence drilling at the Kismet Target (Figure 1), a copper-
bearing tourmaline breccia pipe last drilled in 1965. Certain assays from the aforementioned
historical drilling at Kismet included 41.15 metres of 0.85% Cu from 9.14 metres depth (Hole 4;
see June 10, 2025 , news release). Extensive soil and rock sampling over the Kismet target
performed by IDEX has delineated a 500 x 500 metre copper-in-soil anomaly coincident with
mapped tourmaline breccia and oxide copper minerals such as malachite and azurite. These
features are consistent with other porphyry-style systems in the Idaho Copper Belt.
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The Company’s adjacent 3,213-acre USFS permit area, encompassing the CM Target, is also
nearing final approval (Figure 1). The CM Target hosts a ~1.5 x 2.0 kilometre copper-in-soil
anomaly coincident with a high chargeability and resistivity geophysical response identified
through 3D IP surveying in 2024 (see June 10, 2025 , news release). Drill-ready status is
anticipated in late summer 2025.
Figure 1. Freeze Project Target Areas
Scout Drilling Engagement
IDEX has engaged Scout Drilling of Coeur D'Alene, Idaho, to lead its upcoming 2,500-metre
diamond drill program at the Freeze Project. Scout Drilling is a well-established operator in the
Idaho Copper Belt, with active programs at both the project level (Scout Discoveries) and for other
regional explorers such as Hercules Metals. Their familiarity with the district and cost efficiency
make them an ideal partner as IDEX advances its exploration efforts.
The Company has secured a favourable fixed all-in drill cost below current industry averages,
significantly reducing budget risk and protecting against potential cost overruns. As a stakeholder
in the broader success of the district, Scout is motivated to deliver cost-effective results to help
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prove out the area's mineral potential. The drill program will also include Terraspec hyperspectral
imaging, enabling rapid identification of alteration minerals to enhance targeting and geological
interpretation.
Fully Funded 2025 Field Season
Following the completion of its C$5.0 million financing and TSX.V listing (see June 10, 2025, news
release), IDEX is fully funded to execute a multi-phase exploration program at Freeze which will
include geophysics, mapping, and geochemical sampling:
● Up to 2,500 metres of drilling at the Kismet and CM targets, commencing Q3 2025.
● District-scale geophysics, including a magnetotelluric (MT) geophysical survey, and
ongoing rock and soil sampling, will be conducted concurrently to the drill program to
enhance district-scale understanding.
● Property-wide generative exploration to prioritize and refine additional targets across the
31,645-acre land package at Freeze.
● USFS permit approval expected in late summer 2025.
Further updates on drill targets, program design, and technical interpretations will be provided in
the coming weeks.
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 District, 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
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