Core Insights - XXIX Metal Corp. is advancing its exploration plans for 2026, supported by a recently completed financing of $17.2 million, providing over $20 million in cash and $24 million in working capital to accelerate exploration activities at its Opemiska and Thierry projects [1][2]. Opemiska Project - The company is conducting a 10,000-metre drill program at the Cooke Gold Zone, which historically produced 1.97 million tonnes at 5.04 g/t gold and 0.66% copper. This program aims to expand the mineralized horizon and support the preliminary feasibility study (PFS) [3][4]. - An in-fill drill program is planned for the Saddle Zone in Q3 2026 to enhance existing resources and optimize pit geometry, potentially leading to a deeper pit and increased resources [5]. - The company is refining its 3D resource model to improve grade and tonnage certainty, which will assist in upgrading the existing inferred mineral resource classification [6]. - An updated mineral resource estimate (MRE) is expected in Q4 2026, incorporating results from the Cooke and Saddle zones, which will serve as the basis for the upcoming PFS [7]. Thierry Project - A maiden large-scale drill program of 20,000 metres is planned for the K1 Zone, marking the first systematic drilling on the Thierry property in over fifty years. This program aims to validate the new bulk-tonnage interpretation of the deposit [8][9]. - Data validation and reinterpretation of the K2 Zone are nearing completion, leveraging extensive historical drilling data. The K1 and K2 zones together represent over 210,000 metres of historical drilling [10][11]. - The new interpretation of the K1 Zone indicates significant mineralization potential, with dimensions of 1.4 km length, 250 m width, and 400 m depth, and remains open in all directions [11][12]. Financial and Corporate Developments - The company has granted stock options to directors and officers, allowing for the acquisition of up to 4.4 million shares at a price of CAD $0.13 per share for five years [13]. - XXIX Metal Corp. is positioned as a key player in the Canadian copper sector, with its Opemiska project being one of Canada's highest-grade open-pitable copper deposits, and the Thierry project benefiting from significant infrastructure [16].
XXIX Updates on Fully Funded 2026 Exploration Plan