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XXIX Intersects 57m of 1.17% CuEq and 45m of 0.95% CuEq Near Surface at Opemiska's Saddle Zone

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XXIX Metal Corp has announced significant drilling results from its 15-hole, 2,100-metre program at the Saddle Zone of the Opemiska Project. Key intersections include 57.3 metres of 0.99% Cu and 0.30 g/t Au from 23.7 metres in hole OPM-25-294, and 45.0 metres of 0.87% Cu and 0.14 g/t Au from 19.5 meters in hole OPM-25-293.

The Saddle Zone, previously classified as waste due to complex vein orientations, is the most underexplored area within Opemiska's current open-pit model. These results follow up on a previous intersection of 5.94% CuEq over 11 metres reported in January 2025.

Additionally, XXIX has completed its halo study, which analyzed the lower-grade but potentially bulk-mineable mineralization surrounding the high-grade copper zones. This study is expected to enhance the project's overall scale and engineering metrics, particularly through improvements to contained metal and strip ratio.

XXIX Metal Corp ha annunciato risultati significativi di perforazione dal suo programma di 15 fori e 2.100 metri nella Saddle Zone del Progetto Opemiska. Le principali intersezioni includono 57,3 metri di 0,99% Cu e 0,30 g/t Au a partire da 23,7 metri nel foro OPM-25-294, e 45,0 metri di 0,87% Cu e 0,14 g/t Au a partire da 19,5 metri nel foro OPM-25-293.

La Saddle Zone, precedentemente classificata come scarto a causa delle complesse orientazioni delle vene, è l'area meno esplorata all'interno del modello a cielo aperto attuale di Opemiska. Questi risultati seguono un'intersezione precedente di 5,94% CuEq su 11 metri riportata a gennaio 2025.

Inoltre, XXIX ha completato il suo studio sul halo, che ha analizzato la mineralizzazione a bassa legge ma potenzialmente minerabile in massa che circonda le zone di rame ad alta legge. Questo studio dovrebbe migliorare la scala complessiva del progetto e i parametri ingegneristici, in particolare attraverso miglioramenti al metallo contenuto e al rapporto di estrazione.

XXIX Metal Corp ha anunciado resultados de perforación significativos de su programa de 15 pozos y 2,100 metros en la Saddle Zone del Proyecto Opemiska. Las intersecciones clave incluyen 57.3 metros de 0.99% Cu y 0.30 g/t Au desde 23.7 metros en el pozo OPM-25-294, y 45.0 metros de 0.87% Cu y 0.14 g/t Au desde 19.5 metros en el pozo OPM-25-293.

La Saddle Zone, anteriormente clasificada como desecho debido a las complejas orientaciones de las vetas, es el área menos explorada dentro del modelo a cielo abierto actual de Opemiska. Estos resultados siguen a una intersección anterior de 5.94% CuEq sobre 11 metros reportada en enero de 2025.

Además, XXIX ha completado su estudio de halo, que analizó la mineralización de menor grado pero potencialmente explotable en masa que rodea las zonas de cobre de alta ley. Se espera que este estudio mejore la escala general del proyecto y los parámetros de ingeniería, particularmente a través de mejoras en el metal contenido y la relación de remoción.

XXIX Metal Corp는 Opemiska 프로젝트의 Saddle Zone에서 15개 구멍과 2,100미터 프로그램에서 중요한 시추 결과를 발표했습니다. 주요 교차점은 OPM-25-294 구멍에서 23.7미터부터 0.99% Cu와 0.30 g/t Au의 57.3미터, OPM-25-293 구멍에서 19.5미터부터 0.87% Cu와 0.14 g/t Au의 45.0미터를 포함합니다.

Saddle Zone은 복잡한 광맥 방향 때문에 폐기물로 분류되었으며, Opemiska의 현재 노천 채굴 모델 내에서 가장 덜 탐사된 지역입니다. 이러한 결과는 2025년 1월에 보고된 11미터에 걸쳐 5.94% CuEq의 이전 교차점을 따릅니다.

또한, XXIX는 고품위 구리 지역을 둘러싼 저품위지만 대량 채굴이 가능한 광물화에 대한 분석을 포함한 할로 연구를 완료했습니다. 이 연구는 특히 포함된 금속과 스트립 비율 개선을 통해 프로젝트의 전반적인 규모와 엔지니어링 지표를 향상시킬 것으로 예상됩니다.

XXIX Metal Corp a annoncé des résultats de forage significatifs issus de son programme de 15 trous et 2 100 mètres dans la Saddle Zone du projet Opemiska. Les intersections clés incluent 57,3 mètres de 0,99% Cu et 0,30 g/t Au à partir de 23,7 mètres dans le trou OPM-25-294, et 45,0 mètres de 0,87% Cu et 0,14 g/t Au à partir de 19,5 mètres dans le trou OPM-25-293.

La Saddle Zone, précédemment classée comme déchet en raison des orientations complexes des veines, est la zone la moins explorée au sein du modèle à ciel ouvert actuel d'Opemiska. Ces résultats font suite à une précédente intersection de 5,94% CuEq sur 11 mètres rapportée en janvier 2025.

De plus, XXIX a complété son étude halo, qui a analysé la minéralisation de plus faible grade mais potentiellement exploitable en masse entourant les zones de cuivre de haute teneur. Cette étude devrait améliorer l'échelle globale du projet et les paramètres d'ingénierie, notamment grâce à des améliorations du métal contenu et du rapport de décapage.

XXIX Metal Corp hat bedeutende Bohrergebnisse aus seinem 15-Loch-Programm über 2.100 Meter in der Saddle Zone des Opemiska-Projekts bekannt gegeben. Wichtige Schnittstellen umfassen 57,3 Meter mit 0,99% Cu und 0,30 g/t Au ab 23,7 Metern im Loch OPM-25-294 und 45,0 Meter mit 0,87% Cu und 0,14 g/t Au ab 19,5 Metern im Loch OPM-25-293.

Die Saddle Zone, die zuvor aufgrund komplexer Aderorientierungen als Abfall klassifiziert wurde, ist das am wenigsten erkundete Gebiet innerhalb des aktuellen Tagebaumodells von Opemiska. Diese Ergebnisse folgen einer vorherigen Schnittstelle von 5,94% CuEq über 11 Meter, die im Januar 2025 berichtet wurde.

Darüber hinaus hat XXIX seine Halo-Studie abgeschlossen, die die mineralische Lagerstätte mit niedrigerem Grad, die potenziell massenhaft abgebaut werden kann, rund um die hochgradigen Kupferzonen analysiert hat. Diese Studie soll die Gesamtskala und die Ingenieurskennzahlen des Projekts verbessern, insbesondere durch Verbesserungen des enthaltenen Metalls und des Abraumverhältnisses.

Positive
  • Strong copper-gold intersections: 57.3m of 1.17% CuEq and 45m of 0.95% CuEq near surface
  • Completion of halo study expected to increase contained metal and improve strip ratio
  • Potential conversion of previously classified waste area into valuable resource
Negative
  • Complex vein orientations in Saddle Zone create targeting challenges
  • Results from remaining drill holes still pending

Highlights:

  • 57.3 metres of 0.99% Cu and 0.30 g/t Au from 23.7 metres in OPM-25-294
  • 45.0 metres of 0.87% Cu, and 0.14 g/t Au from 19.5 meters in OPM-25-293
  • XXIX Gaining Key Structural Insights in the Underexplored Saddle Zone at Opemiska
  • Opemiska's halo study is now complete and will be incorporated into an updated resource

Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - XXIX Metal Corp‎. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce two drill results from its 15-hole, 2,100 metre drill program on the Saddle Zone, including 57.3 metres of 0.99% Cu and 0.308 g/t Au from 23.7 metres in hole OPM-25-294, and 0.87% Cu, 0.139 g/t Au over 45.0 metres from 19.5 meters in hole OPM-25-293. The results from the remaining holes will be received by the Company in the coming weeks.

Saddle Zone: Underexplored and Potentially Material

The Saddle Zone remains the most underexplored area within Opemiska's current open-pit model, as outlined in the January 2024 mineral resource estimate. Due to the complex vein orientations, targeting has been challenging, and much of the zone was previously classified as waste. However, recent results are beginning to demonstrate that this area could, in fact, be materially significant. This current program followed up on a standout intersection of 5.94% CuEq over 11 metres (see news release dated January 6, 2025) and focused on better understanding the structural controls on mineralization in this zone.

  • Location of Saddle Zone Relative to Opemiska Open Pit Model: Figure 1
  • Section View of Saddle Zone Relative to Springer and Perry: Figure 2
  • Section View of OPM-25-294 and OPM-25-293: Figure 3
  • Map of Saddle Zone Drill Holes: Figure 4

Halo Study is Expected to Add Contained Metal

In addition, the drilling on Saddle, XXIX has now completed Opemiska's halo study, and XXIX sees an opportunity to enhance the project's overall scale and engineering metrics, particularly through improvements to contained metal and the strip ratio.

XXIX's Halo Study refers to a technical and geological analysis aimed at understanding the broader mineralized system that surrounds the known high-grade copper zones at the Opemiska Project. The "halo" represents the lower-grade but potentially bulk-mineable mineralization that envelops the historically mined high-grade veins.

This halo study focused on:

  • Geological modeling of disseminated and fracture-controlled mineralization around the high-grade veins
  • Drilling and sampling to define the extent, grade, and geometry of this halo mineralization
  • Supporting a larger resource base by integrating both high-grade and halo zones into a single, potentially larger-scale development scenario

The halo study is critical to XXIX's strategy of repositioning Opémiska from a historic underground operation into a modern open-pit copper-gold project.

Summary of reported composite intersections: Table 1

Length (m)CuEq (%)1Cu (%)Au (g/t)From (m)Hole ID
57.31.170.990.30823.7OPM-25-294
45.00.950.870.13919.5OPM-25-293

 

1 CuEq % = Cu % + (Au g/t x 0.58)

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 21,300 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. A January 2024 resource update reported a 16% increase in contained Copper Equivalent (CuEq) and a 10% grade boost, including 87.3 million tonnes at 0.93% CuEq (Measured & Indicated) and additional Out of Pit resources. The Thierry Project hosts two past-producing open pits that transitioned to underground mining-producing 5.8Mt @ 1.13% Cu, 0.14% Ni between 1976 - 1982 by UMEX Inc. Historically, copper concentrate was shipped to the Horne Smelter in Rouyn-Noranda, QC. Significant infrastructure is already in place, with the Thierry property being accessible via all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector, and has established itself as one of Eastern Canada's largest copper developer.

QP Statement

The technical information contained in this news release has been reviewed and approved by Denis McNichols, P.Geo and géo., Exploration Manager for XXIX Metal, a Qualified Person, as defined in "National Instrument 43-101, Standards of Disclosure for Mineral Projects

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/248025

FAQ

What are the latest drilling results from XXIX Metal Corp (QCCUF) at the Saddle Zone?

The latest results show 57.3m of 0.99% Cu and 0.30 g/t Au from 23.7m depth, and 45.0m of 0.87% Cu and 0.14 g/t Au from 19.5m depth.

How many drill holes were included in XXIX's Saddle Zone program?

XXIX completed a 15-hole, 2,100-metre drill program at the Saddle Zone, with results from remaining holes expected in coming weeks.

What is the significance of XXIX's (QCCUF) halo study at Opemiska?

The halo study analyzes lower-grade bulk-mineable mineralization around high-grade zones, aiming to improve contained metal and strip ratio metrics for the open-pit project.

Why was the Saddle Zone at Opemiska previously classified as waste by XXIX (QCCUF)?

The Saddle Zone was classified as waste due to complex vein orientations that made targeting challenging, but recent results suggest it could be materially significant.
XXIX METAL CORP

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