IDEX Identifies Multiple Porphyry Targets at Freeze Project with Final Drill Results and Integrated Geophysics
(TheNewswire)
Vancouver, B.C. – February 25th,2026 – TheNewswire -IDEX Metals Corp. (“IDEX” or the“Company”) (TSXV: IDEX; OTCQB: IDXMF) is pleased toreport final assay results from drill holes KSMT25005 and KSMT25006 atits 100%-owned Freeze Copper-Gold-Molybdenum Project in Idaho, USA(“Freeze”, or the “Property”). The 2025 drill programsucceeded in confirming continuous mineralization across the KismetBreccia Complex (“Kismet”), with each of the campaign’ssix drill holes intersecting significant copper.
Drilling demonstrated that the Freeze system extendsfrom a surface-exposed tourmaline breccia complex into deeper intrusive-hosted mineralization. Notably, drillhole KSMT25006 intersected intrusive-hosted copper-molybdenum mineralization, following the penetration of apyrite-rich shell, representing a key geological transition within thesystem. Increasing molybdenum grades andmolybdenite-chalcopyrite-bearing vein networks occurring towards thebottom of the hole – strong geochemical vectors – suggestproximity to a deeper magmatic-hydrothermal source.
These geological observations are supported bynewly-acquired induced polarization(IP) and Magnetotelluric/Extremely Low Frequency (MT/ELF) geophysicaldata, which define a large, coherent conductivity anomaly at depthbeneath the Kismet and North Breccia trend; this represents a priorityporphyry target to begin drilling in 2026.
Exploration Highlights
KSMT25005 intersected 87.03 m of0.36% CuEq (0.285% Cu, 2.04 g/t Ag, 57 ppm Mo),within 287.43 m of 0.27% CuEq (0.19% Cu, 1.27 g/t Ag, 72 ppmMo)
KSMT25006 intersected 109.80 m of0.54% CuEq (0.12% Cu, 0.65 g/t Ag, 517 ppm Mo),within 428.55 m of 0.278% CuEq (0.12% Cu, 0.68 g/t Ag, 186 ppmMo)
Largest intersection ofintrusive-hosted copper–molybdenum mineralization to date, in drill hole KSMT25006, following penetration of apyrite-rich shell
Strong molybdenum enrichment andmolybdenite veining at depth, supportingvectoring towards a magmatic-hydrothermal source
IP and MT/ELF geophysics define alarge conductivity anomaly at depth, directlybeneath Kismet and the North Breccia
Expanded Phase II drill program setto begin Spring 2026, designed to expand the resource through the Kismet Corridor(KismetNorth BrecciaFrostfall), along with exploratory drilling at theCM, Olive Creek, and Devils Slide targets
First, drill-ready target defined for2026, stepping onto the North Breccia andtesting the center of the geophysical anomaly
Clayton Fisher, CEO of IDEX Metals Corp. commented,“Our 2025 drill programclearly demonstrated the consistent presence of copper mineralizationfrom surface to depth across an emerging porphyry prospect at Freeze.We have two tourmaline breccias exposed at surface, coppermineralization in all six drill holes completed to date, and —critically — we’ve now intersected intrusive-hostedcopper-molybdenum mineralization, after drilling through a pyriteshell in hole KSMT25006.”
“The increasing molybdenum grades andmolybdenite veining at the bottom of that hole provided exactly thekind of geological indicators we want to see as we vector towards adeeper magmatic source. When we overlay that data with our IP andMT/ELF geophysics – which define a large conductivity anomalydirectly below Kismet and the North Breccia – the picture becomesvery compelling. In 2026, we plan to step out onto the North Brecciaand drill straight down into the heart of that anomaly.”
Figure 1: Plan Map of Drill HolesCompleted in 2025 Drill Season
Table 1: 2025 Drill ProgramIntercepts for KSMT25001 – KSMT25006
*Copper equivalentcalculations used the following assumptions: US$3.75/lb Copper,US$35/oz Silver, US$30/lb Molybdenum, and metallurgical recoverieswere assumed to be 90%. All intervals are presented as core lengths asthe true thicknesses of mineralization is currently unknown.
Figure 2: Drill Results for the2025 Drill Program Showing Lithology and Downhole Copper
KSMT25005
Drill hole KSMT25005 was drilled off the same pad asKSMT25001 and KSMT25002 but oriented at an azimuth of 45 degrees, toevaluate the eastern extent of the Kismet Breccia Complex. The holewas completed to a depth of 287.43 metres. KSMT25005 was collared inthe same breccia unit encountered at the top of all previous holes,consisting of a clast-supported breccia hosting oxide coppermineralization derived from the alteration of primary chalcopyritewith rare bornite. Copper mineralization is strongest near surface andbecomes variable downhole.
The breccia matrix is dominated by a distinctivetourmaline-bearing monzonite that brecciates porphyritic granodiorite.This monzonite contains abundant 0.5–1 cm acicular tourmaline andrepresents a late-stage intrusive phase that can be correlated acrossall drill holes completed to date. Towards the end of the hole, asequence of tourmaline-bearing intrusive pulses and hydrothermalfluids overprints an earlier tonalite phase, accompanied by magnetite,tourmaline, and pyrite. These features indicate a sustained andevolving hydrothermal system along the eastern margin of the brecciacomplex.
Drill hole KSMT25006 was the final hole completedduring the 2025 exploration campaign at the Property. The hole wascollared approximately 340 metres north of drill holes KSMT25001,KSMT25002, and KSMT25005, and was drilled at an azimuth of 340 degreesto a total depth of 428.55 metres. The primary objectives of KSMT25006were to test the northern extent of the Kismet Breccia Complex,evaluate its potential connection to the North Breccia Zone (asreferenced in a previous news release), and assess the structural andmineralogical relationship with Hornet Creek, which is interpreted torepresent a major control on mineralization across the FreezeProperty. Drilling was terminated due to challenging weatherconditions, access, drill suitability and safetyconsiderations.
Figure 3: KSMT25006 IntrusiveMineralization at Depth of 345.03m – Molybdenite & Chalcopyritewith QSP Alteration & D-Vein Stockwork
KSMT25006 intersected a magmatic breccia sequence atsurface, characterized by a monzonitic matrix containing clasts ofporphyritic granodiorite and alternating between clast-supported andmatrix-supported textures consistent with breccias observed elsewhereon the Property. At depth, the hole transitioned into porphyriticgranodiorite that is strongly overprinted by quartz-sericite-pyritealteration, including D-type pyrite veins andquartz-pyrite-molybdenite-chalcopyrite vein networks. This intervalrepresented the first occurrence of well-developed vein-hostedmineralization encountered during the drill program and is interpretedto form part of a pyrite-rich shell associated with an underlyingmagmatic-hydrothermal system.
Integrated evaluation of lithology, alteration, andgeochemistry at the bottom of KSMT25006 indicates a vector towards apotential heat source, highlighted by increasing molybdenum values (asmolybdenite) and the development of localized potassic alterationoverprinted by phyllic alteration. These observations, when consideredalongside newly-acquired geophysical data,support the interpretation that a deeper, mineralizedmagmatic-hydrothermal system may be present within the broader Kismetcorridor.
Induced Polarization (IP) Survey
Figure 4: IP Results, HighChargeability Feature Trending NW Along the Kismet Corridor
IP was completed during the 2025 season by MoombarrigaGeoscience Pty. LT totalling 4.8 line-km. The IP was targeting thezone between the North Breccia Target and the Olive Creek drainages.The IP reveals several conceptual targets that will be followed up onduring the 2026 exploration campaign.
At Kismet, IP data define a broad, mildly-chargeable and moderately-resistive feature spatiallycoincident with the Kismet tourmaline breccia complex. This featureoccurs outboard of a distinct, highly-chargeable and highly-resistive anomaly that extendsnorthward from Kismet toward the North Breccia. The Hornet–NorthBreccia anomaly is spatially coincident with a pyrite-rich shellintersected in drill hole KSMT25006 and is interpreted to representthe flank of a magmatic-hydrothermal system.
Figure 5: IP Results (Figure 4,Cross Section B-B')
The Olive anomaly is defined as a focused zone ofelevated chargeability within a moderately-resistive host, consistentwith a discrete and vertically-continuous subsurfacefeature. The continuity and geometry of the anomaly are interpreted tosuggest a localized structural conduit or a vertically-continuous intrusive feature. Its position outboard of the Kismetcomplex and the Hornet–North Breccia system highlights it as aprospective target wherein sulfide mineralization may be spatiallyconcentrated along a structural corridor. Field reconnaissanceindicates that the area is covered by Tertiary basalt flows, whichmask the interpreted lithologies at depth. The Olive target istherefore considered to warrant follow-up drilling to test its depthextent and relationship to known mineralized zones.
The southeasternmost portion of the IP section ischaracterized by a zone of elevated resistivity with minimalassociated chargeability. This anomaly is currently unconstrained butspatially coincides with mapped diorite intrusive rocks with localizedtourmaline development, sodic–calcic alteration, and zones ofautobrecciation. The geophysical response defines a coherent andlaterally-continuous zone that isdistinct from the chargeable features observed to the northwest.Additional fieldwork will aim to further constrain the relationshipbetween the IP and lithological characteristics within thiszone.
Magnetotelluric (MT) and ExtremelyLow Frequency (ELF) Surveys
Figure 6: MT & ELF Results with2026 Drill Targets
In 2025, IDEX completed a joint Magnetotelluric (MT)and Extremely Low Frequency (ELF) survey covering large parts of theFreeze Property, with a particular focus on the Kismet Breccia Complexand the surrounding mineralized corridor. The survey produced aProperty-wide resistivity andconductivity dataset that has since been inverted and reprocessed. Theresults continue to outline a large and coherent geophysical systemcentered on the Kismet corridor.
In the immediate vicinity of the Kismet breccia pipe,the resistivity model defines a shallow, localized zone of relativelyweak resistivity (~400 ohm-m) that is limited in vertical extent. Thisshallow response is spatially associated with – but offset from –a deeper zone of moderate conductivity developed beneath and adjacentto the breccia. This geometry is consistent with the Company’sinterpretation of Kismet as a shallow expression of a deepermagmatic-hydrothermal system, with the moderate conductivity anomalycorresponding to a pyrite-rich shell. This thesis is stronglysupported by the intersection of a pyrite shell at the bottom of drillhole KSMT25006.
The moderate conductivity anomaly extends to depthbeneath the North Breccia and continues northwest towards theFrostfall epithermal gold target, indicating continuity of thegeophysical system beyond the immediate Kismet area. In addition, ahighly conductive buried anomaly (100–200 ohm-m) is apparent atapproximately 800 m depth beneath the North Breccia, highlighting thepotential presence of a large, deep-seated magmatic-hydrothermalsystem with tourmaline breccia complexes developed along the marginsof a substantial intrusive body.
Figure 7: MT & ELF Results ofKismet Corridor (Figure 6, C-C' Cross Section)
Next Steps
The 2025 field program at the Freeze Property wassuccessful in accomplishing all of itsprimary goals. The program resulted in the generation of multiple newdrill-ready targets and the discovery of two additional mineralshowings on the Property. Based on these results, IDEX is advancingplans for a preliminary 2026 exploration program. As a whole, it is designed to systematically test the interpreted porphyrysource underlying the Kismet Corridor, and to define the scale andgeometry of the broader magmatic-hydrothermal system at Freeze.
Drilling starts at the North Breccia, designed tovertically test beneath the breccia into the underlying conductivityanomaly identified by MT/ELF data
Deep, vertically-oriented drill holes toevaluate the transition from breccia-hosted and pyrite-shellmineralization to potential porphyry-style mineralization atdepth
Follow-up drilling to refine geological and geophysicalvectors, including assessment of intrusive phases, alteration zoning,and copper–molybdenum distribution
Expanded induced polarization (IP) surveys along theKismet corridor to further constrain sulfide-rich zones and prioritizeadditional drill targets
Continued geological mapping and geochemical samplingto refine structural controls and support drill targeting
Figure 8: Kismet Anomaly with Proposed Drill Holefrom North Breccia (Figure 6 MT/ELF, D-D’ Cross Section)
Figure 9: Freeze Project DrillTargets Generated from 2025 Exploration Program
Sample Analysis and QAQC
All drill core samples were prepped and analyzed atAGAT Labs Analytical in Calgary, Alberta, and Thunder Bay, Ontario,ISO 17025 and ISO 9001 certified laboratories. Samples were dried andcrushed to 2 mm, from which a 250 g sub-sample split was thenpulverized to 85% passing a 75-micron sieve. Following preparation, a48-element 4-acid digestion (method 201-071) was conducted. For this,a 0.25 g aliquot of the prepared pulp was digested in a 4-acidsolution consisting of hydrochloric, nitric, perchloric andhydrofluoric acids. 4-acid is a near total digest and only the mosthighly resistant minerals are not dissolved. The resulting solutionwas analyzed via ICP-OES and ICP-MS. Lower detection limits for thisprocedure are 0.01 ppm for silver, 0.5 ppm for copper, 0.05 ppm forMolybdenum and 0.1 ppm for Tungsten.
Gold was analyzed by 202-051, a 30-gram fire assayfusion with AAS finish. No significant results were reported.
Samples with initial results beyond the upper detectionlimit of the 201-071 method were analyzed by over-limit 201-470procedure (ICP-OES and/or ICP-MS) for copper. For copper, thethreshold is >1%.
AGAT Labs Analytical employs internal quality controlstandards, duplicates and blank samples at set frequencies. Blindcertified reference materials (CRMs), blank samples and duplicate ¼core samples were systematically inserted by the Company into thesample stream and analyzed as part of the Company's qualityassurance/quality control protocol.
At Freeze, “Internal Dilution” includes calculatedweighted averages of the drill hole that may contain lower gradeintervals that are greater than five meters in length with less than1,000 ppm copper. In the table, in general, no intercepts werereported that averaged less than 0.25 % Copper, except where asignificant Molybdenite (Mo) or Tungsten (W) intercept was noted. Thereported intercepts were calculated using copper as the main elementof interest and all copper values are graphed in the cross section forillustration purposes.
Qualified Person
The scientific and technical information in this newsrelease has been reviewed and approved for disclosure by David Hladky,P.Geo. (registered in Alberta), V.P. Exploration of IDEX Metals Corp.David Hladky is a "Qualified Person" for IDEX Metals Corp.within the meaning of National Instrument 43-101 - Standards ofDisclosure for Mineral Projects.
About IDEX Metals Corp.
IDEX Metals Corp. is a mineral exploration companyfocused on advancing a portfolio of base and precious metal projectsin Idaho, USA. IDEX is primarily focused on the exploration anddevelopment of the Freeze Copper-Gold porphyry prospect located in thenewly discovered Idaho Copper Belt, Washington County, Idaho. With astrategic land position in a great mining jurisdiction and surroundedby major industry players, IDEX is committed to redefiningdistrict-scale exploration in Idaho.
For more information, please visit https://idexmetals.com/
ON BEHALF OF THE BOARD OFDIRECTORS
Clayton Fisher, CEO & Director
For further information regardingIDEX contact:
Investor Relations
info@idexmetals.com
1 (604) 260-0356
Cautionary Note RegardingForward-Looking Statements
Statements contained in this news release that are nothistorical facts may be forward-looking statements. Theseforward-looking statements involve risks, uncertainties and otherfactors that could cause actual results to differ materially fromthose expressed or implied by such forward-looking statements. Inaddition, the forward-looking statements require management to makeassumptions and are subject to inherent risks and uncertainties. Thereis significant risk that the forward-looking statements will not proveto be accurate, that the management’s assumptions may not be correctand that actual results may differ materially from suchforward-looking statements. Accordingly, readers should not placeundue reliance on the forward-looking statements. Generallyforward-looking statements can be identified by the use of terminologysuch as “anticipate”, “will”, “expect”, “may”,“continue”, “could”, “estimate”, “forecast”,“plan”, “potential” and similar expressions. Theseforward-looking statements are based on a number of assumptions whichmay prove to be incorrect which, without limiting the generality ofthe following, include: risks inherent in exploration activities; theimpact of exploration competition; unexpected geological orhydrological conditions; changes in government regulations andpolicies, including trade laws and policies; failure to obtainnecessary permits and approvals from government authorities;volatility and sensitivity to market prices; volatility andsensitivity to capital market fluctuations; the ability to raise fundsthrough private or public equity financings; environmental and safetyrisks including increased regulatory burdens; weather and othernatural phenomena; and other exploration, development, operating,financial market and regulatory risks. The forward-looking statementscontained in this press release are made as of the date hereof or thedates specifically referenced in this press release, where applicable.Except as required by applicable securities laws and regulation, IDEXdisclaims any intention or obligation to update or revise anyforward-looking statement, whether as a result of new information,future events or otherwise, except as required by applicablesecurities laws. All forward-looking statements contained in thispress release are expressly qualified by this cautionarystatement.
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Copyright (c) 2026 TheNewswire - All rights reserved.
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