Idex Metals talks soil data from Freeze property

Executive Summary

• Idex Metals Corp. reports integrated 2025 soil geochemistry results from its Freeze property in Idaho, defining a multikilometre hydrothermal footprint consistent with a buried intrusive-centred porphyry copper-molybdenum system.
• The geochemical data, combined with geophysical (MT and IP) and drill results, converges on the North Breccia-Kismet corridor as the highest-priority target, specifically indicating a buried intrusive centre beneath the North Breccia.
• The company has scheduled its 2026 exploration season to begin in early April with an induced polarization survey, followed by Phase II drilling at the North Breccia target in late April to early May.

Key Details

• Geochemical Footprint: Defined a cohesive, multikilometre hydrothermal footprint consistent with an intrusive-centred porphyry copper-molybdenum system.
• Molybdenum Anomaly: A concentrated molybdenum anomaly approximately 700 to 900 metres in length is expressed at surface along the North Breccia-Kismet corridor, identified as the strongest indicator of proximity to a mineralized buried intrusion.
• Tellurium Signal: Tellurium enrichment overlaps the molybdenum core at North Breccia and western Kismet, providing a significant vector toward a high-temperature source.
• Copper Halo: Elevated copper values form a shell around the anomalous molybdenum domain across a width of 400 to 700 m, coincident with tourmaline-copper breccia showings.
• Metal Ratios: Copper-to-molybdenum ratios are lowest directly over the centre of the Kismet target and increase progressively outward, pointing to a single buried intrusive centre beneath the North Breccia.
• Concentric Zonation: Results reveal a concentrically zoned metal system:
  • Innermost zone: Molybdenum and Tellurium (high-temperature indicators).
  • Surrounding shell: Copper.
  • Outer envelope: Tungsten and Bismuth.
• Surface Expression Implications: Molybdenum (2 to 6 ppm) and Tellurium (> 0.5 ppm) at surface imply the erosion level intersects the upper portion of the system, suggesting the majority of the porphyry system remains preserved and uneroded.
• Geophysical Convergence:
  • Magnetotelluric (MT) data defines a large conductive zone at moderate depth beneath the Kismet breccia, corresponding to a pyrite-rich shell.
  • Drill hole KSMT25006 validated this interpretation, penetrating the breccia and intersecting the pyrite shell with coincident quartz-sericite-pyrite alteration and elevated molybdenum/molybdenite-chalcopyrite vein networks.
  • Property-wide MT data defines a large, highly conductive body at approximately 800 m depth directly beneath the North Breccia trend (resistivity 100 to 200 ohm-m), which has not yet been drilled.
• 2026 Exploration Schedule:
  • Early April 2026: Induced polarization survey to define near-surface structures.
  • Late April to Early May 2026: Phase II drill program at the North Breccia porphyry target.
  • Ongoing: Generative surface exploration including mapping and soil/rock sampling.
• Bunt Capital Option Grant: Granted 200,000 stock options to Bunt Capital Corp. at an exercise price of $0.50 per share, expiring January 23, 2029, pursuant to a consulting agreement for investor relations services.

Notable Quotes

• "The 2025 program at Freeze has given us a very clear picture of the potential mineralized system within the Kismet corridor. Soil geochemistry has now corroborated what lithological observations in drilling and overlapping geophysical anomalies (both MT and IP) were telling us: we have a potential buried mineralized intrusive in our sights at North Breccia. We're approaching the 2026 drill season with excitement and increased confidence that the Kismet corridor -- and especially the North Breccia -- will deliver the goods for Idex." — Clayton Fisher, Chief Executive Officer