XXIX Metal launches largest drilling campaign in its history

AI desk brief

XXIX Metal launched a 65,000m drilling campaign across its Opemiska, Cooke and Thierry projects, with six rigs expected by January and activity running through March 2027 at Thierry. The company is drilling to upgrade resources for PFS/MRE work, including Opemiska’s June 2025 resource of 141.2Mt containing 1.5bn lb of copper and 1.05Moz of gold, while Cooke is being assessed as a potential second mill-feed source.

Management says the program is aimed at converting resources rather than just adding ounces, with key targets including the underdrilled Bouchard and McNichols zones at Opemiska and the K1 deposit at Thierry. The article is operationally bullish for the projects, but the immediate precious-metals market impact is limited and mostly company-specific.