- XXIX Metal Corp's updated technical report shows a 12% increase in pit-constrained resources at the Opemiska Project.
- Significant reduction in the strip ratio by incorporating lower-grade stockwork mineralization.
- New gold potential identified in the Cooke zone enhances the project's overall value.
XXIX Metal Corp (OTCQB: QCCUF) has filed an updated NI 43-101 technical report for its Opemiska Project located in Quebec's Chapais-Chibougamau District, revealing positive developments in resource estimates. The updated report shows a pit-constrained resource of 1.4 billion pounds of copper equivalent (CuEq) in the Indicated category at a grade of 1.04% CuEq, along with 709 million pounds CuEq in the Inferred category at a grade of 0.41% CuEq.
The total resource now stands at 1.7 billion pounds CuEq, with the total Indicated resource reported at 69,653 kilotonnes at 1.12% CuEq and the total Inferred resource at 80,615 kilotonnes at 0.42% CuEq. This update marks a 12% increase in pit-constrained resources within a more compact pit shell, with a significantly reduced strip ratio due to the inclusion of lower-grade stockwork mineralization as resource material.
Furthermore, the report highlights newly identified gold potential in the Cooke zone, a previously operational gold mine with its crown pillar intact, offering substantial gold upside to the Opemiska copper project. With these enhancements, the Opemiska Project is recognized as one of the highest-grade open pitable copper projects in Canada.
The latest technical advancements at Opemiska underscore XXIX Metal Corp's commitment to delivering a high-quality Preliminary Economic Assessment (PEA) in the near term, focusing on optimizing project economics while maintaining a strategic advantage in the Canadian copper sector.
