XXIX Updates on Thierry Project Data Validation and Reinterpretation
XXIX Metal Corp has completed a comprehensive data validation and reinterpretation of its Thierry Project, resulting in a new geological model for the K1 deposit. The K1 deposit contains an estimated 53.6M tonnes grading 0.38% copper, 0.10% nickel, and various precious metals.
Key characteristics of K1 include surface mineralization extending to 400m depth, a 1.2km strike length, and width up to 260m with a 50-55° dip. The model now incorporates 15 previously excluded drill holes. The K2 deposit, hosting 23.7M tonnes at 1.64% copper and other metals, is undergoing similar validation.
The project features strong infrastructure including rail and power access near Pickle Lake, Ontario. Preliminary geophysical evidence suggests a potential mineralized corridor between K1 and K2 deposits, representing a significant exploration opportunity.
XXIX Metal Corp ha completato una validazione completa dei dati e una reinterpretazione del suo Progetto Thierry, portando a un nuovo modello geologico per il deposito K1. Il deposito K1 contiene circa 53,6 milioni di tonnellate con un grado di 0,38% di rame, 0,10% di nichel e vari metalli preziosi.
Le caratteristiche principali del K1 includono mineralizzazione superficiale che si estende fino a 400 metri di profondità, una lunghezza di strike di 1,2 km e una larghezza fino a 260 metri con una pendenza di 50-55°. Il modello ora incorpora 15 fori di perforazione precedentemente esclusi. Il deposito K2, che ospita 23,7 milioni di tonnellate con un grado di 1,64% di rame e altri metalli, è in fase di validazione simile.
Il progetto presenta una solida infrastruttura, inclusi accessi ferroviari e di energia vicino a Pickle Lake, Ontario. Evidenze geofisiche preliminari suggeriscono un potenziale corridoio mineralizzato tra i depositi K1 e K2, rappresentando un'opportunità di esplorazione significativa.
XXIX Metal Corp ha completado una validación exhaustiva de datos y una reinterpretación de su Proyecto Thierry, resultando en un nuevo modelo geológico para el depósito K1. El depósito K1 contiene un estimado de 53,6 millones de toneladas con una ley de 0,38% de cobre, 0,10% de níquel y varios metales preciosos.
Las características clave de K1 incluyen mineralización superficial que se extiende hasta 400 metros de profundidad, una longitud de strike de 1,2 km y un ancho de hasta 260 metros con una inclinación de 50-55°. El modelo ahora incorpora 15 perforaciones que se habían excluido anteriormente. El depósito K2, que alberga 23,7 millones de toneladas con un 1,64% de cobre y otros metales, está pasando por una validación similar.
El proyecto cuenta con una infraestructura sólida, incluyendo acceso ferroviario y de energía cerca de Pickle Lake, Ontario. La evidencia geofísica preliminar sugiere un posible corredor mineralizado entre los depósitos K1 y K2, representando una oportunidad de exploración significativa.
XXIX Metal Corp는 Thierry 프로젝트의 포괄적인 데이터 검증 및 재해석을 완료하여 K1 매장지에 대한 새로운 지질 모델을 수립했습니다. K1 매장지는 약 5360만 톤의 구리 0.38%, 니켈 0.10% 및 다양한 귀금속이 포함되어 있습니다.
K1의 주요 특징은 400m 깊이까지 이어지는 표면 광물화, 1.2km의 스트라이크 길이, 최대 260m의 폭과 50-55°의 경사입니다. 이 모델은 이제 이전에 제외된 15개의 시추공을 포함하고 있습니다. K2 매장지는 2370만 톤의 1.64% 구리 및 기타 금속을 보유하고 있으며 유사한 검증을 진행하고 있습니다.
이 프로젝트는 온타리오주 픽클 레이크 근처에 철도 및 전력 접근을 포함한 강력한 인프라를 갖추고 있습니다. 초기 지구물리학적 증거는 K1과 K2 매장지 사이의 잠재적인 광물화된 회랑을 제안하며, 이는 중요한 탐사 기회를 나타냅니다.
XXIX Metal Corp a terminé une validation complète des données et une réinterprétation de son Projet Thierry, aboutissant à un nouveau modèle géologique pour le dépôt K1. Le dépôt K1 contient environ 53,6 millions de tonnes avec une teneur de 0,38% de cuivre, 0,10% de nickel et divers métaux précieux.
Les caractéristiques clés de K1 incluent une minéralisation de surface s'étendant jusqu'à 400 m de profondeur, une longueur de strike de 1,2 km et une largeur allant jusqu'à 260 m avec une inclinaison de 50-55°. Le modèle intègre désormais 15 forages précédemment exclus. Le dépôt K2, qui contient 23,7 millions de tonnes avec un degré de 1,64% de cuivre et d'autres métaux, est en cours de validation similaire.
Le projet bénéficie d'une infrastructure solide, y compris un accès ferroviaire et électrique près de Pickle Lake, Ontario. Des preuves géophysiques préliminaires suggèrent un corridor minéralisé potentiel entre les dépôts K1 et K2, représentant une opportunité d'exploration significative.
XXIX Metal Corp hat eine umfassende Datenvalidierung und Neuinterpretation seines Thierry-Projekts abgeschlossen, was zu einem neuen geologischen Modell für das K1-Vorkommen geführt hat. Das K1-Vorkommen enthält geschätzte 53,6 Millionen Tonnen mit einem Gehalt von 0,38% Kupfer, 0,10% Nickel und verschiedenen Edelmetallen.
Zu den wichtigsten Merkmalen von K1 gehören eine bis in 400 m Tiefe reichende Oberflächenmineralisierung, eine Strike-Länge von 1,2 km und eine Breite von bis zu 260 m mit einer Neigung von 50-55°. Das Modell umfasst nun 15 zuvor ausgeschlossene Bohrlöcher. Das K2-Vorkommen, das 23,7 Millionen Tonnen mit 1,64% Kupfer und anderen Metallen beherbergt, wird einer ähnlichen Validierung unterzogen.
Das Projekt verfügt über eine starke Infrastruktur, einschließlich Schienen- und Stromzugang in der Nähe von Pickle Lake, Ontario. Vorläufige geophysikalische Beweise deuten auf einen potenziellen mineralisierten Korridor zwischen den Vorkommen K1 und K2 hin, was eine bedeutende Erkundungsmöglichkeit darstellt.
- K1 deposit contains substantial resources of 53.6M tonnes of mineralized material
- K2 deposit shows high-grade mineralization with 1.64% copper content
- Mineralization starts at surface, suggesting favorable mining economics
- Existing infrastructure including rail and power access reduces development costs
- 15 additional drill holes incorporated into the model enhance resource understanding
- K1 deposit shows relatively low-grade copper mineralization at 0.38%
- Historical resource estimates deemed incomplete by the company
Highlights
- Images of the updated K1 Deposit show the size and scale of the New Geological Model
- Surface Exposure & Depth: Mineralization begins at surface and has been drilled to a depth of 400 meters, with a strike of 1.2 KM and a width of up to 260 metres.
- K2 Deposit Undergoing Reinterpretation and Validation
- Exploration Potential Between K1 and K2 Identified
Toronto, Ontario--(Newsfile Corp. - February 12, 2025) - XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce the completion of a comprehensive data validation and reinterpretation process for the Thierry Project. This effort has resulted in a modern, consolidated geological model for the K1 deposit, which hosts an estimated 53,614,000 tonnes grading
View 3D Images and Sections of Thierry K1 Deposit (Figures 1-3)
Advancing Understanding of the Thierry Project
XXIX has leveraged its extensive expertise in brownfield projects to integrate multiple disparate databases into a single, validated dataset. With over 250,000 meters of historical diamond drilling, the Thierry database is a highly detailed and valuable resource. The completion of this validation process now allows for a more thorough assessment of the project's potential and optimal development strategies.
K1 Deposit – Key Highlights
The Company has completed a detailed assessment of the K1 deposit within the Thierry Project and is pleased to share updated mineralized envelope images. Key characteristics include:
- Surface Exposure & Depth: Mineralization begins at surface and has been drilled to a depth of 400 meters.
- Strike Length: Extends over 1.2 km.
- Width & Dip: The deposit extends up to 260 meters at its widest point, with an estimated dip of 50-55°, indicating a favorable strip ratio for future potential mining scenarios.
- Expanded Model: Incorporates 15 previously excluded drill holes, providing a more comprehensive understanding of the deposit's geometry and potential.
The Company considers earlier resource estimates historical and incomplete as prior assessments lacked the necessary investment to fully delineate the K1 deposit's potential. XXIX's updated model establishes a more accurate foundation for future development and expansion.
K2 Deposit – Next Steps
K2 hosts an estimated 23,737,000 tonnes at
Exploration Potential – Connecting K1 and K2
The Company is also evaluating the potential connection between K1 and K2. Preliminary geophysical evidence suggests a possible mineralized corridor between these deposits. This untested zone represents a significant exploration opportunity.
View Geophysical Anomalies Indicating Possible Mineralized Corridor (Figure 4)
Infrastructure & Strategic Advantages
The Thierry Project benefits from excellent infrastructure, including:
- Rail and Power Access: The project is well-serviced by existing infrastructure, with rail and power access either on-site or in close proximity.
- Historical Production: The Thierry Mine was in production during the 1970s, with concentrate historically transported by rail to the Horne Smelter in Rouyn-Noranda, Quebec.
- Community & Logistics: Located near the town of Pickle Lake, Ontario, the project is well-positioned for future development.
With a validated dataset, a modern geological model, and a refined understanding of the Thierry Project's potential, XXIX is now well-equipped to advance its exploration and development plans. The Company looks forward to providing further updates as it progresses towards unlocking the full value of this asset.
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 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/240473
FAQ
What are the new resource estimates for QCCUF's K1 deposit at Thierry Project?
What are the dimensions of QCCUF's K1 deposit at Thierry?
What are the grades of QCCUF's K2 deposit at Thierry Project?
What infrastructure advantages does QCCUF's Thierry Project have?
