XXIX Intersects 5.94% Copper Equivalent over 11 metres at Opemiska's Saddle Zone
XXIX Metal Corp has announced significant drill results from its 3-hole program at the Saddle Zone, located between the past-producing Springer and Perry mines at the Opemiska project. The highlight intersection includes 11 metres of 5.3% Cu and 1.20 g/t Au from 81 metres in hole OPM-24-281.
The Saddle Zone, currently part of Opemiska's conceptual open pit outlined in the January 2024 Mineral Resource Estimate, is relatively underexplored and features differently oriented veins compared to Springer and Perry. The recent drilling results support the company's new geological thesis, indicating potential for resource expansion.
The results suggest a structurally controlled, mineralized envelope within a north-west trending fault. This new interpretation represents potential upside to Opemiska's current resource model by potentially converting previously interpreted waste into ore. The company plans a larger drill program to further confirm the vein orientation in the Saddle Zone.
XXIX Metal Corp ha annunciato risultati significativi dalle perforazioni del suo programma di 3 fori nella Saddle Zone, situata tra le miniere ex produttive di Springer e Perry nel progetto Opemiska. L'intersezione principale comprende 11 metri di 5,3% Cu e 1,20 g/t Au a partire da 81 metri nel foro OPM-24-281.
La Saddle Zone, attualmente parte dell'apertura del progetto Opemiska delineata nella Stima delle Risorse Minerarie di gennaio 2024, è relativamente poco esplorata e presenta vene orientate in modo diverso rispetto a Springer e Perry. I recenti risultati di perforazione supportano la nuova tesi geologica dell'azienda, che indica un potenziale per l'espansione delle risorse.
I risultati suggeriscono un involucro mineralizzato controllato strutturalmente all'interno di una faglia che si estende a nord-ovest. Questa nuova interpretazione rappresenta un potenziale vantaggio per il modello attuale delle risorse di Opemiska, convertendo potenzialmente rifiuti precedentemente interpretati in minerale. L'azienda ha in programma un programma di perforazione più ampio per confermare ulteriormente l'orientamento delle vene nella Saddle Zone.
XXIX Metal Corp ha anunciado resultados de perforación significativos de su programa de 3 pozos en la Zona Saddle, situada entre las minas Springer y Perry, que estuvieron en producción en el pasado, en el proyecto Opemiska. La intersección destacada incluye 11 metros de 5.3% Cu y 1.20 g/t Au desde 81 metros en el pozo OPM-24-281.
La Zona Saddle, actualmente parte del modelo conceptual de tajo abierto de Opemiska delineado en la Estimación de Recursos Minerales de enero de 2024, está relativamente poco explorada y presenta venas orientadas de manera diferente en comparación con Springer y Perry. Los resultados de perforación recientes respaldan la nueva tesis geológica de la compañía, indicando un potencial para la expansión de recursos.
Los resultados sugieren un envoltorio mineralizado controlado estructuralmente dentro de una falla que tiende hacia el noroeste. Esta nueva interpretación representa un posible aumento en el modelo actual de recursos de Opemiska al convertir potencialmente desechos interpretados anteriormente en mineral. La empresa planea un programa de perforación más grande para confirmar aún más la orientación de las venas en la Zona Saddle.
XXIX Metal Corp는 Opemiska 프로젝트에서 과거에 생산된 Springer와 Perry 광산 사이에 위치한 Saddle Zone에서 3개 구멍 프로그램의 중요한 굴착 결과를 발표했습니다. 주요 교차점은 OPM-24-281 구멍에서 81미터 지점에서 11미터의 5.3% Cu 및 1.20 g/t Au를 포함합니다.
Saddle Zone은 현재 2024년 1월 광물 자원 추정에서 개념적으로 제시된 Opemiska의 노천 광산의 일부이며, Springer 및 Perry와 비교하여 상대적으로 탐사가 부족하고 방향이 다르게 설정된 광맥을 특징으로 합니다. 최근의 시추 결과는 자원의 확장을 위한 회사의 새로운 지질학적 이론을 지원합니다.
결과는 북서쪽으로 향하는 단층 내에서 구조적으로 제어되는 광물화된 엔벨로프를 제안합니다. 이 새로운 해석은 이전에 해석된 폐기물을 광물로 변환하여 Opemiska의 현재 자원 모델에 잠재적인 상승 기회를 제공할 수 있습니다. 회사는 Saddle Zone의 광맥 방향을 추가로 확인하기 위해 더 큰 드릴 프로그램을 계획하고 있습니다.
XXIX Metal Corp a annoncé des résultats de forage significatifs provenant de son programme de 3 forages dans la Saddle Zone, située entre les anciennes mines productrices de Springer et Perry dans le projet Opemiska. L'intersection phare comprend 11 mètres de 5,3% Cu et 1,20 g/t Au à partir de 81 mètres dans le forage OPM-24-281.
La Saddle Zone, actuellement faisant partie du projet conceptuel de carrière à ciel ouvert d'Opemiska décrit dans l'Estimation des Ressources Minérales de janvier 2024, est relativement peu explorée et présente des veines orientées différemment par rapport à Springer et Perry. Les résultats de forage récents soutiennent la nouvelle thèse géologique de l'entreprise, indiquant un potentiel d'expansion des ressources.
Les résultats suggèrent une enveloppe minéralisée contrôlée structurellement à l'intérieur d'une faille orientée nord-ouest. Cette nouvelle interprétation représente un potentiel de hausse pour le modèle actuel des ressources d'Opemiska, en convertissant potentiellement des déchets précédemment interprétés en minerai. L'entreprise prévoit un programme de forage plus important pour confirmer davantage l'orientation des veines dans la Saddle Zone.
XXIX Metal Corp hat bedeutende Bohrergebnisse aus seinem 3-Bohr-Programm in der Saddle Zone bekannt gegeben, die zwischen den früher produzierenden Springer- und Perry-Minen im Opemiska-Projekt liegt. Die herausragende Schnittstelle umfasst 11 Meter mit 5,3% Cu und 1,20 g/t Au ab 81 Metern im Bohrloch OPM-24-281.
Die Saddle Zone, die derzeit Teil des konzeptionellen Tagebaus von Opemiska ist, der in der Mineralressourcenschätzung von Januar 2024 skizziert wurde, ist relativ unerforscht und weist anders orientierte Adern im Vergleich zu Springer und Perry auf. Die jüngsten Bohrergebnisse unterstützen die neue geologische These des Unternehmens und weisen auf das Potenzial zur Ressourcenerweiterung hin.
Die Ergebnisse deuten auf einen strukturell kontrollierten, mineralisierten Bereich innerhalb eines nordwestlich verlaufenden Versatzes hin. Diese neue Interpretation stellt ein potenzielles Plus für das aktuelle Ressourcenmodell von Opemiska dar, indem möglicherweise zuvor als Abfall interpretierte Materialien in Erze umgewandelt werden. Das Unternehmen plant ein größeres Bohrprogramm, um die Aderorientierung in der Saddle Zone weiter zu bestätigen.
- High-grade copper intersection of 5.94% CuEq over 11 metres
- New geological interpretation could convert waste rock into ore
- Results support expansion potential of current resource
- True widths of mineralization not yet determined
- Zone remains underexplored with data
Toronto, Ontario--(Newsfile Corp. - January 6, 2025) - XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF) ("XXIX" or the "Company") is pleased to announce drill results from its focused 3-hole drill program on the Saddle Zone, including 11 metres of
The Saddle Zone lies between the past producing Springer and Perry mines and is located within Opemiska's current conceptual open pit outlined in the Mineral Resource Estimate from January 2024. This zone is relatively underexplored and serves as a transition zone between Springer and Perry, consisting of veins oriented differently from that of Springer and Perry. XXIX has been working to determine the orientation of the veining in this area and recently developed a new geological thesis, underlying the 3-hole scout drilling program completed in November.
The results from the drilling program support the thesis, indicating potential for follow-up exploration. As a result, the Company is planning a larger and more focused drill program to confirm the orientation of the veins in the Saddle Zone, which could lead to resource expansion in the Saddle Zone.
The Saddle Zone is particularly significant for mine planning and engineering, as it currently has less data and hosts comparatively lower levels of known mineralization. Successfully discovering and delineating new mineralization in this area could have a material impact on Opemiska's future engineering and economic studies.
View Plan View of Saddle Zone Drill Holes: Figure 1
New Interpretation of the Saddle Zone
Results from this program indicate the presence of a structurally controlled, mineralized envelope entrained into a north-west trending fault. The new interpretation of the mineralization represents significant upside to Opemiska's current resource model by adding scale and converting previously interpreted waste into ore. Additionally, previous drilling on the Saddle Zone shows mineralization outside of the known vein at the Saddle Zone. Future drilling at the Saddle Zone will assist in interpreting the mineralization in and outside of the vein, ultimately creating additional mineralized envelopes that can positively impact future economics at the Opemiska copper project.
Summary of reported composite intersections: Table 1
| Hole ID | UTM Coordinates (East/North) | From (m) | To (m) | Interval (m) | CuEq1 (%) | Cu (%) | Au (g/t) |
| OPM-24-280 | 510244 / 5515285 | 19.5 | 30.0 | 10.5 | 0.38 | 0.35 | 0.05 |
| OPM-24-280 | 510244 / 5515285 | 72 | 82.5 | 10.5 | 0.24 | 0.22 | 0.028 |
| OPM-24-280 | 510244 / 5515285 | 100.5 | 102.9 | 2.4 | 0.72 | 0.66 | 0.093 |
| OPM-24-281 | 510233 / 5515213 | 81 | 92 | 11 | 5.99 | 5.29 | 1.204 |
| OPM-24-281 | 510233 / 5515213 | 138 | 145.5 | 7.5 | 0.60 | 0.56 | 0.058 |
| OPM-24-282 | 510308 / 5515248 | 75 | 78 | 3 | 0.43 | 0.40 | 0.046 |
| OPM-24-282 | 510308 / 5515248 | 96 | 99.6 | 3.6 | 0.45 | 0.41 | 0.06 |
| OPM-24-282 | 510308 / 5515248 | 129 | 135 | 6 | 0.45 | 0.39 | 0.11 |
| OPM-24-282 | 510308 / 5515248 | 177 | 183 | 6 | 0.44 | 0.42 | 0.04 |
| 1 Copper Equivalent (CuEq) shown in Tables for drill intersections are calculated on a basis of US | |||||||
About XXIX Metal Corp.
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, Canada's highest-grade copper resource, spans 13,000 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A January 2024 resource update reported a
QP Statement
The technical information contained in this news release has been reviewed and approved by Charles Beaudry, P.Geo and géo., Director and Vice President Exploration for XXIX Metal, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects." For the exploration undertaken by XXIX Metal, all assay batches are accompanied by rigorous Quality Assurance procedures, including the insertion of standards and blanks and verification assays in a secondary laboratory. All the core received from the drill is split in half, bagged and sent to ALS-Global facilities in Val d'Or, Quebec for sample preparation and then the pulps are shipped to AlS-Global's Vancouver laboratory or some other location in the world for analysis using ALS-Global's standardized ISO-compliant methods, all of which are listed in the laboratory certificates provided with the assay results. The remaining half core along with the rejects and the pulps returned from the laboratory are securely stored at QC Copper's facilities in Chapais, Quebec. Quality Control results, including the laboratory's control samples, are evaluated immediately on reception of batch results and corrections are implemented immediately if necessary. All drill collars are surveyed and positioned in UTM coordinates. Collars are oriented using a gyroscopic north-finding system and downhole deviations surveys are done with a single-shot gyroscopic instrument at 30 to 50m intervals.
For further information, please contact:
Stephen Stewart, Chief Executive Officer
Phone: 416.644.1567
Email: info@oregroup.ca
Forward-Looking Statements
This news release contains forward-looking statements. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions are intended to identify forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this news release include, but are not limited to, statements pertaining to the commencement of trading of the Common Shares on the TSXV under the new name and new stock ticker. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this news release. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this news release. The Company does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236084
FAQ
What are the latest drilling results from QCCUF's Saddle Zone at Opemiska?
Where is the Saddle Zone located within QCCUF's Opemiska project?
What is the significance of QCCUF's new geological interpretation at the Saddle Zone?
What are QCCUF's next steps for the Saddle Zone exploration?
