XXIX METAL CORP Stock Price, News & Analysis

XXIX Metal Corp (OTCQB:QCCUF) has announced fully-funded exploration programs at its Opemiska and Thierry Copper Projects. The company plans a 15,000-metre drill program at the K1 deposit (Thierry) in Winter 2025 and a 5,000-metre drill program at Cooke (Opemiska) in Fall 2025.

The K1 deposit currently holds an inferred resource of 53.6 million tonnes grading 0.38% copper and other minerals. At Opemiska, the company reports a pit-constrained resource of 62.7 million tonnes at 1.04% CuEq (Indicated) and 78.4 million tonnes at 0.41% CuEq (Inferred).

A Preliminary Economic Assessment (PEA) for Opemiska, led by Ausenco, is targeted for October 2025, marking the first economic evaluation since 1991. The company is fully funded for 2025/2026 exploration following a recent $6M financing.

XXIX Metal Corp (OTCQB: QCCUF) has filed an updated NI 43-101 technical report for its 100% owned Opemiska Project in Quebec's Chapais-Chibougamau District. The report reveals significant resource improvements, with a pit-constrained resource of 1.4 billion pounds CuEq (Indicated: 62,706 kt @ 1.04% CuEq) plus 709 million pounds CuEq (Inferred: 78,485 kt @ 0.41% CuEq).

The total resource now stands at 1.7 billion pounds CuEq (Indicated: 69,653 kt @ 1.12% CuEq) plus 746 million pounds CuEq (Inferred: 80,615 kt @ 0.42% CuEq). The update demonstrates a 12% increase in pit-constrained resources within a more compact pit shell, featuring a significantly reduced strip ratio due to the inclusion of lower-grade stockwork mineralization.

XXIX Metal Corp announced an updated Mineral Resource Estimate for its Opemiska Copper Project in Quebec, showing significant resource growth. The pit-constrained resource now contains 1,438 Mlbs CuEq (Indicated: 62,706 kt @ 1.04% CuEq) plus 709 Mlbs CuEq (Inferred: 78,485 kt @ 0.26% CuEq). The update features a 12% increase in pit-constrained resources within a more compact pit shell and reduced strip ratio. The project benefits from being one of Canada's highest-grade open-pit copper deposits, with excellent infrastructure including proximity to the Town of Chapais, access to power, and transportation. The company is advancing toward a Preliminary Economic Assessment (PEA), with additional upside potential from the Cooke gold project and underground resources.

XXIX Metal Corp. (QCCUF) has identified a new area of resource potential at the Saddle Zone of its Opemiska Copper Project in Quebec. The drilling program revealed a robust cylindrical body of mineralization extending over 80 metres, with notable intersections including 1.21% CuEq over 9.9 metres and 0.62% CuEq over 12.0 metres. The mineralization spans approximately 140 metres in strike length and reaches up to 190 metres in vertical depth. The Saddle Zone is characterized by two parallel mineralized zones created by northwest-trending late-stage faults. This discovery has the potential to deepen the existing pit shell, with the strongest grades and thicknesses found at the western end of the zone. An updated Mineral Resource Estimate for the Opemiska project is expected soon.

XXIX Metal Corp (OTCQB: QCCUF) has announced an agreement to sell its 100% interest in the 987-hectare Roger Project to Kintavar Exploration for $2,137,500, to be paid entirely in Kintavar shares. Through this transaction, XXIX will acquire a 19.9% stake in Kintavar without any dilution or new share issuance.

The Roger Project, located in the Chibougamau mining district, contains significant resources including 333,000 ounces of gold-equivalent in Indicated Resources and 202,000 ounces in Inferred Resources. The deal involves XXIX transferring its option to acquire the remaining 50% interest in Roger to Orecap.

Post-transaction, Kintavar will have over $3.6 million in cash and will focus on gold exploration in eastern Chibougamau. The transaction is expected to close in June 2025, subject to regulatory approvals and other conditions.

XXIX Metal Corp announced key leadership changes with Guy Le Bel appointed as Chief Executive Officer, succeeding Stephen Stewart who transitions to Chair of the Board and Strategic Advisor. Le Bel, previously serving as President, brings over 30 years of experience in mine development from companies like Capstone Mining Corp and Quadra FNX Mining

Additionally, Denis McNichols has been promoted to Vice President of Exploration, replacing Charles Beaudry who remains on the Board. McNichols has been instrumental in advancing both the Opemiska Copper Project and Thierry Projects.

These appointments align with XXIX's strategic focus on operational execution and development of their Eastern Canadian copper assets, with Le Bel set to oversee operations and strategic planning, particularly advancing Opemiska through engineering, permitting, and production stages.

XXIX Metal Corp has announced significant drilling results from its 15-hole, 2,100-metre program at the Saddle Zone of the Opemiska Project. Key intersections include 57.3 metres of 0.99% Cu and 0.30 g/t Au from 23.7 metres in hole OPM-25-294, and 45.0 metres of 0.87% Cu and 0.14 g/t Au from 19.5 meters in hole OPM-25-293.

The Saddle Zone, previously classified as waste due to complex vein orientations, is the most underexplored area within Opemiska's current open-pit model. These results follow up on a previous intersection of 5.94% CuEq over 11 metres reported in January 2025.

Additionally, XXIX has completed its halo study, which analyzed the lower-grade but potentially bulk-mineable mineralization surrounding the high-grade copper zones. This study is expected to enhance the project's overall scale and engineering metrics, particularly through improvements to contained metal and strip ratio.

XXIX Metal Corp has initiated a significant 20-hole drill program at the Saddle Zone within the Opemiska open pit. The program builds on previous successful scout drilling that yielded an impressive 5.94% Copper Equivalent intersection over 11 metres. This strategic drilling initiative aims to expand the high-grade copper resource at Opemiska, as outlined in the 2024 Mineral Resource Estimate, with objectives to convert waste to ore, add a minable zone, and increase tonnage.

XXIX Metal Corp has completed a comprehensive data validation and reinterpretation of its Thierry Project, resulting in a new geological model for the K1 deposit. The K1 deposit contains an estimated 53.6M tonnes grading 0.38% copper, 0.10% nickel, and various precious metals.

Key characteristics of K1 include surface mineralization extending to 400m depth, a 1.2km strike length, and width up to 260m with a 50-55° dip. The model now incorporates 15 previously excluded drill holes. The K2 deposit, hosting 23.7M tonnes at 1.64% copper and other metals, is undergoing similar validation.

The project features strong infrastructure including rail and power access near Pickle Lake, Ontario. Preliminary geophysical evidence suggests a potential mineralized corridor between K1 and K2 deposits, representing a significant exploration opportunity.