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QC Copper and Gold ( (TSE:XXIX) ) just unveiled an announcement.
XXIX Metal Corp. has completed a comprehensive reinterpretation of the K1 zone and is nearing completion of data validation at the K2 zone at its past‑producing Thierry Copper Project in Ontario, integrating over 210,000 metres of historical drilling into a modern geological database. The new model recasts K1 as a large-scale bulk‑tonnage copper‑PGE open‑pit target, with grades that appear to improve at depth and remain open to the east, while K2 is now viewed as a potential higher‑grade underground operation; recent IP survey results suggest sulphide mineralization between the two zones, guiding a targeted drill program planned for 2026. Against a backdrop of significantly higher copper and PGE prices than those used in the 2021 resource estimates, the company sees scope for expanding resources and lowering cut‑off grades, and combined with strong road, power, and community infrastructure around Pickle Lake, Thierry is being positioned as a rare, large, royalty‑free copper asset in Eastern Canada with improving economic prospects and an active upcoming exploration season.
More about QC Copper and Gold
XXIX Metal Corp. is a Canadian mineral exploration company focused on advancing its Opemiska and Thierry copper projects, two substantial copper assets in Eastern Canada. The flagship Opemiska Project in Quebec is described as one of the country’s highest‑grade open‑pittable copper deposits, benefiting from extensive land holdings, strong infrastructure, and proximity to existing smelting capacity. Thierry, a past‑producing copper system in Ontario, also enjoys brownfield advantages and established infrastructure, positioning the company as a significant player in Canadian copper development.
Average Trading Volume: 581,387
Technical Sentiment Signal: Buy
Current Market Cap: C$38.36M
For an in-depth examination of XXIX stock, go to TipRanks’ Overview page.