IDEX Metals Corp. (TSXV: IDEX / OTCQB: IDXMF) has announced that drill hole KSMT26016 intersected porphyry-style copper-molybdenum mineralization at the Solstice target within the North Breccia area of its Freeze Property in Washington County, western Idaho. The company describes this as the first hole on the property to encounter copper and molybdenum mineralization within a porphyry intrusion, marking what it characterises as a new discovery within the Idaho Copper Belt. Observations are based on preliminary visual logging and assay results remain pending. Investors may be watching closely given the regional significance of porphyry copper discoveries in this emerging Idaho district.

Key Points

  • IDEX Metals Corp. (TSXV: IDEX / OTCQB: IDXMF) is a mineral exploration company focused on the Freeze Property in Washington County, Idaho.
  • Drill hole KSMT26016 intersected porphyritic granodiorite with A-, B- and D-type quartz vein stockwork bearing chalcopyrite, molybdenite, and pyrite — the first such porphyry intersection on the property.
  • The stockwork was observed from approximately 300 m depth to the hole's end at 705.6 m, with greatest vein density between 300–600 m; assay results and grade remain undetermined.
  • Investors should watch for pending assay results from AGAT Laboratories and follow-up drilling results at both the Solstice and Shiver targets.

First Porphyry Intersection at Freeze Redefines IDEX's Exploration Model

KSMT26016 was drilled at an azimuth of 313 degrees and a dip of -72 degrees, reaching a final depth of 705.6 m. The release states the hole intersected a quartz-porphyritic granodiorite host cut by three generations of vein stockwork characteristic of porphyry copper systems, including early A-type, B-type with central sulfide seams, and later D-type pyrite-rich veins. Phyllic alteration overprinting an earlier potassic assemblage was also logged. The company notes this is the first hole on the Freeze Property to intersect copper and molybdenum porphyry-style mineralization within an intrusion, representing a material shift in how it interprets the broader property.

Companion Hole KSMT26013 Provides a Vector Toward the Porphyry Core

Drilled from the same pad in the opposite direction to 574 m, KSMT26013 intersected a broad phyllic alteration zone from approximately 154 m to 530 m but did not replicate the dense quartz-sulfide stockwork or chalcopyrite-molybdenite abundance seen in KSMT26016. The company interprets KSMT26013 as having tested the pyritic phyllic halo on the southeastern flank of the system. Together, the two holes are said to provide a northwest vector toward a more intensely mineralised zone, which the company intends to test with follow-up drilling in the remaining 2026 season.

Solstice Discovery Positions Freeze Within the Idaho Copper Belt

The Freeze Property sits approximately 14 km east-northeast of the Leviathan porphyry discovery by Hercules Metals Corp., which attracted a strategic investment from Barrick. The company interprets Solstice, together with the Shiver, Frostfall, and CM IP chargeability targets, as a potential third porphyry cluster in the belt. The release cautions that mineralisation on adjacent properties is not necessarily indicative of mineralisation at Freeze. The Solstice chargeability anomaly remains open at depth and to the northeast, and the company suggests the Shiver target may be geophysically connected to Solstice, pending drill confirmation.

Assay Results and Remaining 2026 Drill Programme

All observations disclosed are based on preliminary visual logging; the grade and economic significance of the mineralisation have not yet been determined. Core from KSMT26016 is being prioritised for cutting and submission to AGAT Laboratories in Calgary, Alberta. The company also reports that samples from holes KSMT26007 to KSMT26014 have been submitted and initial results are awaited imminently. The disclosure states that every Kismet hole drilled in 2026 has intersected visible oxide copper mineralisation, with those assays also expected shortly. The final 2026 holes will test Solstice follow-up and the first drill test of the Shiver target.