Core Viewpoint - XXIX Metal Corp. is advancing its Thierry Copper Project, highlighting the potential for resource expansion and improved economic parameters due to rising copper prices and a comprehensive reinterpretation of geological data [2][5][9]. Geological Overview - The Thierry project includes K1 and K2 zones, with over 210,000 meters of historical drilling and extensive geological data supporting the resource definition and expansion efforts [3][7]. - Recent data validation and reinterpretation have established a modern geological database, enhancing the understanding of the system scale and potential for value creation [4][9]. Resource Potential - Thierry is noted as a rare opportunity in Canada, controlling two of the three largest copper resources in Eastern Canada, with no royalties attached [5]. - The updated interpretation suggests a higher-grade underground operation at K2 and a large-scale, bulk-tonnage copper-PGE open pit at K1 [5][9]. Economic Factors - Current copper prices exceed $5.00/lb, compared to $3.75/lb used in previous resource estimates, allowing for lower potential cut-off grades and improved project economics [9][10]. - The existing mineral resource estimates at K1 and K2 are being re-evaluated under these improved economic conditions [9]. Infrastructure and Development - Thierry benefits from strong infrastructure, including well-maintained roads, power, water access, and proximity to an airport and rail, positioning it for efficient development [11]. - The company plans an active exploration season in 2026 to further evaluate high-potential targets and unlock the project's full potential [11].
XXIX Advances Thierry Copper Project with Comprehensive Validation and Reinterpretation of 210,000 Metres of Drilling
TMX Newsfile·2026-01-16 11:00