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XXIX Updates on Thierry Project Data Validation and Reinterpretation

In This Article:

Highlights

  • Images of the updated K1 Deposit show the size and scale of the New Geological Model

  • Surface Exposure & Depth: Mineralization begins at surface and has been drilled to a depth of 400 meters, with a strike of 1.2 KM and a width of up to 260 metres.

  • K2 Deposit Undergoing Reinterpretation and Validation

  • Exploration Potential Between K1 and K2 Identified

Toronto, Ontario--(Newsfile Corp. - February 12, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce the completion of a comprehensive data validation and reinterpretation process for the Thierry Project. This effort has resulted in a modern, consolidated geological model for the K1 deposit, which hosts an estimated 53,614,000 tonnes grading 0.38% copper, 0.10% nickel, 0.03 g/t gold, 0.05 g/t platinum, 0.14 g/t palladium and 1.8 g/t silver.

View 3D Images and Sections of Thierry K1 Deposit (Figures 1-3)

Advancing Understanding of the Thierry Project

XXIX has leveraged its extensive expertise in brownfield projects to integrate multiple disparate databases into a single, validated dataset. With over 250,000 meters of historical diamond drilling, the Thierry database is a highly detailed and valuable resource. The completion of this validation process now allows for a more thorough assessment of the project's potential and optimal development strategies.

K1 Deposit – Key Highlights

The Company has completed a detailed assessment of the K1 deposit within the Thierry Project and is pleased to share updated mineralized envelope images. Key characteristics include:

  • Surface Exposure & Depth: Mineralization begins at surface and has been drilled to a depth of 400 meters.

  • Strike Length: Extends over 1.2 km.

  • Width & Dip: The deposit extends up to 260 meters at its widest point, with an estimated dip of 50-55°, indicating a favorable strip ratio for future potential mining scenarios.

  • Expanded Model: Incorporates 15 previously excluded drill holes, providing a more comprehensive understanding of the deposit's geometry and potential.

The Company considers earlier resource estimates historical and incomplete as prior assessments lacked the necessary investment to fully delineate the K1 deposit's potential. XXIX's updated model establishes a more accurate foundation for future development and expansion.

K2 Deposit – Next Steps

K2 hosts an estimated 23,737,000 tonnes at 1.64% copper, 0.16% nickel, 0.5 g/t gold, 0.04 g/t platinum, 0.13 g/t palladium and 5.5 g/t silver. It is currently undergoing the same rigorous validation and reinterpretation process as K1. K2 has been the primary focus of historical mining activities at Thierry, and XXIX will provide further updates as this process nears completion.