XXIX Delivers Strong Gold-Copper Results at Cooke, Advancing Potential Satellite Feed for Opemiska

The most recent news (Feb 27, 2026) reports initial drill results from the Cooke Zone, located 2km from the flagship Opemiska open pit. Key intercepts include 3.63 g/t Au and 0.27% Cu over 6.40m, and 3.07 g/t Au and 0.69% Cu over 4.20m. These results confirm the continuity of at least two parallel mineralized zones. This follows the Feb 18 announcement of a fully funded $20M CAD exploration plan for 2026, which includes 10,000m of drilling at Cooke and 20,000m at the Thierry project.

The news is Routine - Positive. While the drill results are strong and validate the "satellite feed" thesis, they are incremental and largely expected following the program expansion announced in late 2025. - Resource Growth: The Cooke Zone is currently outside the NI 43-101 resource. Successful delineation directly supports a maiden resource that could significantly enhance the Pre-Feasibility Study (PFS) by providing high-grade starter feed. - Financial De-risking: The closing of the $17.3M financing (Feb 12) is the more "material" recent event, as it provides the $24M working capital necessary to execute the 2026 catalysts without immediate dilution risk. - Strategic Alignment: The public support from the Town of Chapais (Feb 23) reduces social license risk, a critical hurdle for open-pit projects near municipal boundaries.

XXIX Metal Corp. is a copper-gold developer focused on the Opemiska Copper Project in Quebec (a past-producing complex) and the Thierry Project in Ontario. Opemiska's 2025 PEA outlines a 17-year mine life with an after-tax NPV8% of C$505M and a 27.2% IRR, based on a US$4.35/lb copper price.