Idex Metals completes drilling at Freeze

Executive Summary

• Idex Metals Corp. completed its maiden drill program at the Freeze property in Idaho, drilling 2,282 metres across six holes at the Kismet breccia target.
• The program successfully delineated and expanded a large copper-bearing magmatic-hydrothermal system, with complex copper mineralization encountered in all six holes.
• The Kismet breccia complex footprint has been significantly expanded laterally (765m N-S, 135m E-W) and vertically (>500m), remaining open in all directions.
• Final hole KSMT25006 discovered the property's first intrusive-hosted (non-breccia) mineralization, interpreted as the outer pyrite shell of a deeper porphyry system south of Hornet Creek.
• Assay results for four holes (KSMT25003-25006) are pending, with expectations for early January.

Key Details

• Program Overview:
  • Total drilling: 2,282 metres.
  • Total holes: 6 (KSMT25001 through KSMT25006).
  • Location: Kismet breccia target, Freeze property, Idaho.
• Geological Findings:
  • Kismet Breccia Footprint: Laterally reached 765 metres north-south and 135 metres east-west; vertically extends beyond 500 metres; open in all directions.
  • Hole KSMT25006 (Final Hole):
    • Discovered first intrusive-hosted (non-breccia) mineralization south of Hornet Creek.
    • Intersected pyrite-rich (up to 20%) quartz-sericite-pyrite altered zone.
    • Encountered pyrite-molybdenum plus or minus chalcopyrite veins.
    • Interpreted as the outer pyrite shell of a deeper magmatic-hydrothermal system/porphyry centre.
  • North Breccia & Frostfall: Discovery of a second mineralized breccia centre (North breccia) and a gold-bearing trend at Frostfall (assays up to 2.91 g/t Au).
• Specific Hole Results (Historical/Previous Releases Referenced):
  • KSMT25001: 182 m at 0.32% Cu and 278 m at 0.29% Cu from surface. Confirmed vertically extensive, multiphase breccia-hosted copper system.
  • KSMT25002: 101 m at 1.02% Cu within 160.11 m at 0.76% Cu from surface. Confirmed high-grade potential of oxide-bearing mineralization.
  • KSMT25003: Extended Kismet breccia complex to the north; displayed potential for large, continuously mineralized breccia system.
  • KSMT25004: Deepest hole at 518 m. Established breccia is open to the south/southeast. Copper oxides dominate near surface; sulphide assemblages (chalcopyrite-pyrite) prevalent with depth.
  • KSMT25005: Tested eastern margin; established lateral continuity of Kismet breccia and expanded extent to the northeast.
• Next Steps:
  • Integration of geochemical, surface mapping, geophysical, and drilling data.
  • Identification of high-priority targets for Phase 2 drilling in 2026.
  • Expected news flow in 2026: Assay results for KSMT25003-25006, geophysics results (IP, Vector IP, ELF), and completion of project-wide model.

Notable Quotes

• Clayton Fisher, CEO: "This was Idex Metals' first drill program at the Freeze property, and it has corroborated what we've believed from the start: Kismet sits within a large, robust magmatic-hydrothermal system. Every hole hit copper-bearing breccias or intrusive-hosted mineralization, building a cohesive picture of scale and continuity... We believe Freeze has the makings of a major copper discovery, and we're moving into the next phase of exploration with confidence and momentum."