Idex Metals finds new breccia body at Freeze

Executive Summary

• Idex Metals Corp. has expanded its mineralized footprint at the Freeze property in Idaho with the discovery of a second copper-bearing breccia body (North breccia) and a new gold-bearing zone (Frostfall zone).
• The company reports a zoned metal system emerging across the property, with over 2,300 samples defining a transition from copper-molybdenum in the south/central areas to copper-gold in the north.
• Geophysical surveys (MT, IP, and ELF) are underway to define subsurface targets, with drill results from holes KSMT25003 and KSMT25004 expected in December to guide the 2026 exploration campaign.

Key Details

• North Breccia Discovery: A second copper-bearing breccia body identified 700 meters north of the Kismet breccia complex. It features malachite-chalcopyrite mineralization in porphyritic granodiorite, with a dominant assemblage of tourmaline-hematite-chalcopyrite. The outcrop is approximately 100 by 100 meters.
• Frostfall Gold Zone: A new gold-bearing zone discovered approximately 950 meters north of the North breccia. A grab sample returned 2.91 grams per tonne gold (g/t Au) from suboutcrop quartz veining. The extent of this zone is currently undefined.
• Metallogenic Zonation: Analysis of 323 rock and 1,986 soil samples reveals a copper-molybdenum system in the southern/central section and a copper-gold system emerging in the north, indicating a large magmatic-hydrothermal system.
• Magnetotelluric (MT) Survey: The 2025 MT survey identified northwest-southeast resistivity trends linking Kismet, North Breccia, and Frostfall. It highlighted a deep-seated, low-intermediate response underneath Hornet Creek, interpreted as a major exploration target and potential feeder structure for the magmatic-hydrothermal system.
• Induced Polarization (IP) Survey: A 2-D/3-D IP survey is being conducted to connect the North breccia with the Kismet system and investigate mineralization potential between Hornet and Olive Creek. This follows the identification of diorite intrusives with malachite pockets in a previously mapped basalt zone.
• Extremely-Low-Frequency (ELF) Survey: Planned to map conductive features, detect alteration halos (pyrite shells), and vector toward mineralized intrusions for the 2026 season.
• Drilling Updates:
  • KSMT25004: Completed to 518 meters; tested the southern extension of the Kismet breccia complex.
  • KSMT25005: Completed to 281 meters; tested the eastern extension of the Kismet breccia complex; core processing underway.
  • KSMT25006: Currently drilling at 150 meters; testing a large low-resistivity anomaly 300 meters north of KSMT25001.
  • Assay Timeline: Results for holes KSMT25003 and KSMT25004 are expected in December.

Notable Quotes

• "The identification of a second breccia system in close proximity to Kismet, along with a new gold-bearing zone to the north, underscores the presence of a large, possibly multicentre magmatic-hydrothermal system at Freeze. Idex's expanding data set continues to reveal a robust copper-molybdenum-gold system with significant potential for scale in the United States." — Clayton Fisher, CEO