Vancouver, B.C. — December 9, 2025 — Leads & Copy — IDEX Metals Corp. (TSXV: IDEX; OTCQB: IDXMF) has completed its maiden drill campaign at the Freeze Property in Idaho, USA.
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 Breccia Complex.
The six drillholes totaled 2,282 m at the Kismet Breccia Complex, with copper mineralization encountered in all six 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.
The 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.
IDEX Metals Corp. CEO Clayton Fisher said that the first drill program at the Freeze Property corroborated their belief that Kismet sits within a large, robust magmatic–hydrothermal system. He added that every hole hit copper-bearing breccias or intrusive-hosted mineralization, building a cohesive picture of scale and continuity.
Fisher also commented that the team’s interpretation establishes that KSMT25006 pushed through a pyrite shell and ended in sulfide mineralization, which he said is the company’s strongest evidence yet – reinforced by geophysical data – that a porphyry center lies south of Hornet Creek between Kismet and the North Breccia. Fisher stated that the results exceeded their technical objectives and have unlocked an entirely new level of opportunity for IDEX, as they believe Freeze has the makings of a major copper discovery.
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 confirm and expand the footprint of historical mineralization that had been recorded at Kismet, and to 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 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.
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.
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.
Next steps include continued integration of geochemical analysis, surface mapping, geophysical surveys, and drilling data from holes KSMT25001 through KSMT25006, to define a robust model for Freeze. The company also intends to utilize 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 is expected to start 2026, including assay results from drill holes KSMT25003-25006, geophysics results from IP, Vector IP & ELF surveys, and the completion of a project wide model with defined Porphyry Copper drill targets for the 2026 exploration season – this includes testing where the company 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.
For further information regarding IDEX contact:
Investor Relations
info@idexmetals.com
1 (604) 260-0356
Source: IDEX Metals Corp.
