XXIX Confirms Thierry's Growth Potential with First Systematic IP
XXIX Targets Resource Expansion at Thierry While Market Discount Persists Despite Robust Opemiska PEA
The most recent news release (January 15, 2026) announces the completion of a 73.5-line kilometre induced polarization (IP) survey at the 100%-owned Thierry copper project in Ontario. The survey identified several strong IP anomalies in three key areas: between the K1 and K2 deposits, east of K1, and west of K2. These anomalies suggest potential sulphide mineralization that could connect or expand known deposits. Additionally, the company is finalizing a database validation of over 210,000 metres of historical drilling at the K2 deposit to refine the geological model ahead of the 2026 exploration season.
The news is a tactical positive as it provides scientific targets for the 15,000-metre maiden drill program planned for Thierry. However, the material impact is currently low because geophysical anomalies are leading indicators, not confirmed mineralization. - The systematic IP survey is the first of its kind for this project, suggesting previous exploration was fragmented. - Identifying anomalies in the 3km gap between K1 and K2 supports management’s theory of a larger, continuous mineralized system. - While the news builds the "pipeline" of targets, the company's valuation remains anchored more by the Opemiska PEA results filed in December 2025 than by early-stage geophysics at Thierry.
XXIX Metal Corp. focuses on copper and gold projects in Tier 1 jurisdictions (Quebec and Ontario). - Flagship Project: Opemiska Copper Project (Quebec). This is a past-producing mine with an October 2025 PEA outlining an after-tax NPV8% of C$505M and a 27.2% IRR. It has a 17-year mine life with a focus on high-grade open-pit recovery. - Secondary Project: Thierry Project (Ontario). A past-producing copper-nickel mine with a large inferred resource (53.6Mt at K1) and high-grade historical results at K2 (23.7Mt @ 1.64% Cu).