Northwire Canada EditionFriday, July 10, 2026
Sign inSubscribe
Northwire
⌕
TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

XXIX Intersects 32.7 g/t Gold, 81.4 g/t Silver and .95% Copper over 7.5 Metres at Cooke

XXIX Metal Confirms Cooke Satellite Pit Upside With 32 g/t Gold Hit Amidst Fully Funded 2026 Plan

By The Northwire Desk — AI Analysis Apr 27, 2026 · 06:01 XXIX · 0.12 XXIX Metal Corp.
Executive Summary
  • On April 27, 2026, XXIX Metal Corp. reported high-grade drill results from its winter program at the Cooke Zone of the Opemiska Project.
  • The standout intercept is hole COR-26-60, which returned 32.72 g/t gold, 81.41 g/t silver, and 0.95% copper over 7.5 metres.
  • This includes higher-grade sub-intervals such as 142.4 g/t Au over 0.9m.
  • The program completed 3,315 metres in 18 holes between January and March 2026, with total drilling at Cooke reaching 9,225 metres to date.
  • Seven intervals grading more than 10 g/t gold were identified across the first 10 holes of this winter program.
  • Assays from 8 additional holes remain pending.
  • Management states results support continuity of two mineralized zones and suggest potential for meaningful copper by-product credits.
  • The objective is to evaluate Cooke as a potential second open pit to complement the Opemiska development scenario, aiming for incremental feed and mine plan flexibility.
Material Impact
  • Context: This news follows up on the February 27, 2026 announcement which reported initial results (3.63 g/t Au) and confirmed a fully funded $20M+ cash position for the 2026 exploration plan.
  • Expectation vs. Reality: The company explicitly announced in February that it was drilling Cooke to evaluate it as a satellite pit with results expected throughout the year. This April release is the fulfillment of that announced program.
  • Grade Significance: While 32.7 g/t Au is exceptionally high for a copper project by-product, it represents a single hole (COR-26-60) within a broader zone described as having "variable" gold distribution. It validates the high-grade potential but does not yet constitute a defined resource.
  • Market Impact: The news reinforces the investment thesis established in the October 2025 PEA and February 2026 financing update. It is positive confirmation of exploration success rather than an unexpected discovery that fundamentally alters the valuation model immediately.
  • Conclusion: Classified as Routine - Positive because it delivers expected results from a funded program, confirming geological continuity without yet providing a new resource estimate or changing the PEA economics materially on its own.
XXIX · Price
Company Overview
  • Company: XXIX Metal Corp. is a Canadian mining company focused on developing copper-gold assets in Quebec and Ontario.
  • Flagship Project: Opemiska Copper-Gold Project (Quebec). It is 100% owned and currently at the PEA stage with an after-tax NPV of C$505M.
  • Secondary Asset: Thierry Project (Ontario), featuring K1 (bulk-tonnage open pit) and K2 (high-grade underground) zones, with significant historical drilling data being reinterpreted.
  • Development Stage: Opemiska is advancing towards a Pre-Feasibility Study; Thierry is in early exploration/resource definition phase.
Read the original news release →

More from XXIX Metal Corp.

Jul 06, 2026 · 06:01

XXIX Metal secured permits for a 20,000-metre drill program at its Ontario copper asset.

Drill Results Jun 23, 2026 · 16:01

XXIX Metal secures a low-cost Pluto option to expand its Pad District footprint while the Opemiska PFS remains the primary catalyst.

Drill Results Jun 23, 2026 · 14:47

Germanium Mining options Pluto property to XXIX Metal

M&A / Property Jun 02, 2026 · 06:01

XXIX Advances Opemiska Development with Launch of Environmental and Social Baseline Studies

Production / Operations Mar 23, 2026 · 14:17

XXIX Metal hires Bunt Capital for IR services

Other Mar 23, 2026 · 06:01

XXIX Engages Bunt Capital for Investor Relations Services

Other