Highlights:
- 57.3 metres of 0.99% Cu and 0.30 g/t Au from 23.7 metres in OPM-25-294
- 45.0 metres of 0.87% Cu, and 0.14 g/t Au from 19.5 meters in OPM-25-293
- XXIX Gaining Key Structural Insights in the Underexplored Saddle Zone at Opemiska
- Opemiska's halo study is now complete and will be incorporated into an updated resource
Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - XXIX Metal Corp . (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce two drill results from its 15-hole, 2,100 metre drill program on the Saddle Zone, including 57.3 metres of 0.99% Cu and 0.308 g/t Au from 23.7 metres in hole OPM-25-294, and 0.87% Cu, 0.139 g/t Au over 45.0 metres from 19.5 meters in hole OPM-25-293. The results from the remaining holes will be received by the Company in the coming weeks.
Saddle Zone: Underexplored and Potentially Material
The Saddle Zone remains the most underexplored area within Opemiska's current open-pit model, as outlined in the January 2024 mineral resource estimate. Due to the complex vein orientations, targeting has been challenging, and much of the zone was previously classified as waste. However, recent results are beginning to demonstrate that this area could, in fact, be materially significant. This current program followed up on a standout intersection of 5.94% CuEq over 11 metres (see news release dated January 6, 2025) and focused on better understanding the structural controls on mineralization in this zone.
- Location of Saddle Zone Relative to Opemiska Open Pit Model: Figure 1
- Section View of Saddle Zone Relative to Springer and Perry: Figure 2
- Section View of OPM-25-294 and OPM-25-293: Figure 3
- Map of Saddle Zone Drill Holes: Figure 4
Halo Study is Expected to Add Contained Metal
In addition, the drilling on Saddle, XXIX has now completed Opemiska's halo study, and XXIX sees an opportunity to enhance the project's overall scale and engineering metrics, particularly through improvements to contained metal and the strip ratio.
XXIX's Halo Study refers to a technical and geological analysis aimed at understanding the broader mineralized system that surrounds the known high-grade copper zones at the Opemiska Project. The "halo" represents the lower-grade but potentially bulk-mineable mineralization that envelops the historically mined high-grade veins.
This halo study focused on:
- Geological modeling of disseminated and fracture-controlled mineralization around the high-grade veins
- Drilling and sampling to define the extent, grade, and geometry of this halo mineralization
- Supporting a larger resource base by integrating both high-grade and halo zones into a single, potentially larger-scale development scenario
The halo study is critical to XXIX's strategy of repositioning Opémiska from a historic underground operation into a modern open-pit copper-gold project.
Summary of reported composite intersections: Table 1
| Length (m) | CuEq (%)1 | Cu (%) | Au (g/t) | From (m) | Hole ID |
| 57.3 | 1.17 | 0.99 | 0.308 | 23.7 | OPM-25-294 |
| 45.0 | 0.95 | 0.87 | 0.139 | 19.5 | OPM-25-293 |
1 CuEq % = Cu % + (Au g/t x 0.58)
About XXIX Metal Corp .
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, Canada's highest-grade copper resource, spans 21,300 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A January 2024 resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost, including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources. The Thierry Project hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 - 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the Thierry property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector, and has established itself as one of Eastern Canada's largest copper developer.
QP Statement
The technical information contained in this news release has been reviewed and approved by Denis McNichols, P.Geo and géo., Exploration Manager for XXIX Metal, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects
For further information, please contact:
Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: info@oregroup.ca
Forward Looking Statements
This news release contains forward-looking statements. When used in this document, the words "may", "would", " could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this news release include, but are not limited to, statements pertaining to the commencement of trading of the Common Shares on the TSXV under the new name and new stock ticker. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this news release. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this news release. The Company does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248025
SOURCE: XXIX Metal Corp.
