Northwire Canada EditionFriday, July 24, 2026
Northwire
AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%
Drill Results Routine +

IDEX Identifies Multiple Porphyry Targets at Freeze Project with Final Drill Results and Integrated Geophysics

IDEX vectors toward deeper porphyry source as maiden drill program confirms district-scale copper-molybdenum potential in Idaho.

Executive Summary

The most recent news (February 25, 2026) reports the final assay results from the 2025 maiden drill program at the Freeze Project. Key highlights include drill hole KSMT25006, which intersected 109.80 m of 0.54% CuEq. Crucially, this hole transitioned from breccia-hosted mineralization into intrusive-hosted copper-molybdenum mineralization after passing through a "pyrite shell." The company interprets the increasing molybdenum grades and specific vein networks at the bottom of the hole as evidence of proximity to a deeper magmatic-hydrothermal (porphyry) source. Integrated geophysics (IP and MT) have identified a large conductivity anomaly directly beneath the current targets, providing clear targets for the upcoming Spring 2026 Phase II program.

Material Impact

The impact is Routine - Positive. While the grades are not "game-changing" in terms of immediate economic viability (averaging ~0.27% to 0.36% CuEq in broad intercepts), the geological significance is high. - Technical Validation: The transition to intrusive-hosted mineralization and the presence of a pyrite shell are classic hallmarks of a porphyry system. This validates the company's exploration model. - Vectoring: The increase in molybdenum at depth (517 ppm Mo in KSMT25006) provides a clear geochemical vector toward a potential higher-grade core. - Target Refinement: The alignment of drill results with geophysical anomalies reduces exploration risk for the 2026 program. - Continuity: All six holes in the maiden program hit mineralization, proving the system has scale, even if the "sweet spot" has not yet been pierced.

IDEX · Price
Company Overview

IDEX Metals is focused on copper-gold porphyry discovery in the Idaho Copper Belt. Its flagship Freeze Project covers over 31,000 acres. The project is characterized by tourmaline breccia pipes (Kismet) which the company believes sit atop a larger porphyry system. Historical data showed shallow high-grade intercepts, but IDEX is the first to apply modern geophysics and deep diamond drilling to the system.

Read the original news release →

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