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QC Copper and Gold ( (TSE:XXIX) ) just unveiled an update.
XXIX Metal Corp has announced an updated Mineral Resource Estimate (MRE) for its Opemiska Project, marking a significant increase in total tonnage and contained metal within a more compact pit shell. This strategic update aims to enhance the project’s economic potential by increasing contained copper, lowering the strip ratio, and reducing the open-pit footprint. The inclusion of lower-grade stockwork mineralization has improved the overall resource profile, significantly reducing the anticipated strip ratio and broadening development pathways. This move underscores the company’s commitment to delivering a high-quality Preliminary Economic Assessment (PEA) in the near term, potentially impacting stakeholders positively by presenting a more economically viable and socially acceptable project.
More about QC Copper and Gold
XXIX Metal Corp, operating under the ticker symbols TSXV: XXIX, OTCQB: QCCUF, and FSE: 5LW0, is a company involved in the mining industry, focusing on copper and gold resources. The company’s primary project is the Opemiska Project located in Quebec’s Chapais-Chibougamau District, which is one of the highest-grade open-pitable copper projects in Canada.
Average Trading Volume: 116,427
Technical Sentiment Signal: Buy
Current Market Cap: C$32.35M
For detailed information about XXIX stock, go to TipRanks’ Stock Analysis page.