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XXIX Announces 20 Hole Drill Program to Follow up on Saddle Zone's Recent 5.94% Copper Equivalent over 11-metre Intersection

In This Article:

Highlights

  • XXIX announces a 20-Hole Drill Program at Saddle Zone aiming to expand Opemiska's high-grade copper resource.

  • 5.9% Copper Over 11m Follow-up drilling to extend high-grade mineralization recent hit

  • Unlocking New Resource Potential - Aims to convert waste to ore, add a minable zone, and increase tonnage.

  • Strengthening Opemiska's Economics - Supporting the upcoming PEA with new mineralization data.

Toronto, Ontario--(Newsfile Corp. - February 10, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce a 20-hole drill program at the Saddle Zone, a key target within the Opemiska open pit. This program seeks to build on the 2024 Mineral Resource Estimate, which outlines Measured & Indicated Resources: 2.09 billion lbs of copper equivalent * in 97.5 million tonnes, including 1.75 billion lbs of copper, 845,000 ounces of gold, and 5.5 million ounces of silver. And Inferred Resources: 157 million lbs of copper equivalent * in 11.0 million tonnes. This drilling aims to expand high-grade mineralization and further enhance Opemiska's resource potential.

This follow-up drill program at the Saddle Zone building on the success of the initial scout drilling, highlighted an impressive intersection of 5.94% Copper Equivalent over 11 metres, as reported in the Company's January 6, 2025 news release. This program is designed to expand on the high-grade zone within the Opemiska open pit, as defined in the 2024 Mineral Resource Estimate.

While XXIX has completed its internal scoping study for Opemiska, the Company is electing to undertake this additional drill program prior to commissioning its Preliminary Economic Assessment (PEA). The results from this drill program have the potential to expand the current resource model by converting what is currently considered waste material into ore, thus enhancing both the engineering and economics of the project.

Unlocking Additional Resource Potential in the Saddle Zone

The Saddle Zone lies between the Perry and Springer Zones. This drill program aims to investigate the zone's mineralization and its potential for expansion. Should the program be successful, it could increase the overall tonnage, add a new minable zone, and potentially deepen the existing pit. Additionally, the program will provide critical insights into an under-drilled area with several non-interpreted mineralized intervals.

"The follow-up program is an important next step for XXIX," said Charles Beaudry. P.Geo., géo. and Director of XXIX. "Building on the initial discovery of 5.94% Copper Equivalent over 11 metres, we see potential for extending this high-grade zone. Successfully identifying additional mineralization would benefit the Opemiska project, enabling both resource growth and improvements to project economics."