XXIX Metal launches largest drilling campaign in its history
XXIX Metal says it will drill about 20,000 metres at Opemiska with the goal of converting its resources for the pre-feasibility study.
XXIX Metal, a Canadian mining company trading on the TSXV, has commenced its largest drilling campaign to date, spanning 65,000 metres across three projects in Quebec and Ontario. The initiative, led by CEO Guy Le Bel, is characterized by its ambitious scale and strategic focus.
At the Opemiska copper project, the company plans to drill approximately 20,000 metres with the overarching aim of enhancing its resources for a pre-feasibility study (PFS). This ambitious target is contingent upon definitive drilling outcomes that will solidify the resource category. Over the past year, the company has already drilled over 6,200 metres at its Thierry copper project, with plans to extend the campaign through March 2027.
Meanwhile, at the Cooke copper project, the drilling program is focused on establishing a maiden mineral resource estimate (MRE) and evaluating the feasibility of integrating resources into Opemiska's PFS. The company believes that open-pit development at Cooke is feasible, based on internal assessments. Overall, the new drilling programs indicate a concerted effort by XXIX Metal to maximize resource potential and improve its mining economics.
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