XXIX METAL CORP Stock Price, News & Analysis

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.

XXIX Metal Corp announces a 20-hole drill program at the Saddle Zone within the Opemiska open pit, following a significant intersection of 5.94% Copper Equivalent over 11 metres discovered in January 2025. The program aims to expand the project's high-grade copper resource, building upon the 2024 Mineral Resource Estimate which includes Measured & Indicated Resources of 2.09 billion lbs of copper equivalent in 97.5 million tonnes.

The Saddle Zone, located between Perry and Springer Zones, shows potential for resource expansion through converting current waste material into ore. The drilling program is strategically planned before commissioning a Preliminary Economic Assessment (PEA), as results could significantly enhance the project's engineering and economics. The program will investigate a structurally controlled, mineralized envelope within a northwest trending fault, with drilling expected to commence in February 2025.

XXIX Metal Corp (OTCQB: QCCUF) has outlined its strategic goals for 2025, focusing on advancing its two main copper projects. At Opemiska Project in Quebec, the company plans a 3,400-meter drill program in the Saddle Zone starting February, following a completed scoping study in 2024. The project includes work on Cooke and Robitaille Zones, with drilling at Cooke expected in Q2.

At the Thierry Project in Ontario, XXIX has completed revalidation of the K1 deposit, revealing mineralization up to 230 meters wide, extending 1.2 kilometres along strike. The company plans 100km of IP surveys and a drill program for an updated Mineral Resource Estimation. The K2 deposit revalidation is ongoing, with historical reports of 23.7 Mt at 1.64% Cu. The company is also evaluating the Roger Gold Project, which has 330,000 ounces of indicated equivalent gold ounces and 202,000 inferred equivalent gold ounces.

CEO.CA Technologies , a subsidiary of EarthLabs, Inc., hosted an exclusive interview with Stephen Stewart, CEO of XXIX Metal Corp., through their 'Inside the Boardroom' series. The interview focused on a significant new discovery at the company's Opemiska copper project, where recent drilling revealed impressive results of 6% copper equivalent over 11 meters in the Saddle Zone.

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