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XXIX Metal Commences Drill Program at Thierry K1 Deposit, Ontario's Largest Primary Copper Resource
Highlights: Drilling underway. XXIX has commenced its planned large-scale drill program at the Thierry Copper Project, focused on the near-surface K1 deposit.
About this update from Xxix Metal Corp.
Highlights: Drilling underway. XXIX has commenced its planned large-scale drill program at the Thierry Copper Project, focused on the near-surface K1 deposit. K1 drill program. The planned 20,000-metre, two-phased program is designed to test grade, scale and continuity under XXIX's updated bulk-tonnage interpretation and support a future mineral resource update. First systematic drilling in decades. The program represents the first systematic, large-scale drilling on the Thierry property in over 40 years. Ontario's largest primary copper resource. Thierry is 100%-owned, royalty-free, and pairs the near-surface K1 zone with the high-grade, past-producing K2 zone. Modern geological model. XXIX has rebuilt and reinterpreted more than 210,000 metres of historical diamond-drilling data into a modern, validated geological database. Materially new K1 interpretation. Historically modelled as sub-parallel tabular veins, K1 is now interpreted by XXIX as a near-surface, disseminated bulk-tonnage copper-PGE system with mineralization open at depth. Fully funded. XXIX holds over $19 million in cash and approximately $24 million in working capital. Toronto, Ontario--(Newsfile Corp. - July 20, 2026) - XXIX Metal Corp. (TSXV: XXIX) (OTCQB: QCCUF) (FSE: 5LW0) ("XXIX" or the "Company") is pleased to announce that drilling has commenced at its 100%-owned Thierry Copper Project ("Thierry") near Pickle Lake, Ontario. The maiden drill program is focused on the K1 deposit and represents the first systematic, large-scale drilling on the Thierry property in over 40 years. "With drilling now underway at Thierry, XXIX has moved from reinterpretation to execution," said Guy Le Bel, Chief Executive Officer of XXIX. "Over the past two years, our team rebuilt more than 210,000 metres of historical drilling into a modern geological model and developed a new bulk-tonnage interpretation at K1. This program is designed to test that interpretation in the ground and begin unlocking what we believe is one of Canada's most compelling copper growth opportunities." The program follows receipt of XXIX's exploration permit from the Province of Ontario and continued consultation with local and Indigenous communities. With the permit in hand and field activities underway, the Company's focus is on executing a methodical program designed to validate the scale, continuity and grade potential of the K...