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Bullboard - Stock Discussion Forum XXIX Metal Corp V.XXIX

Alternate Symbol(s):  QCCUF

XXIX Metal Corp., formerly QC Copper and Gold Inc., is a copper developer. The Company is engaged in advancing its Opemiska and Thierry Copper projects. The Opemiska property spans over 13,000 hectares in Quebec's Chapais-Chibougamau region. The Thierry Copper Project spans approximately 7,907 hectares and historically produced 5.8 million tons grading 1.13% copper, and 0.14% nickel. Thierry... see more

TSXV:XXIX - Post Discussion

XXIX Metal Corp > Similarities with Canadian Malartic and Detour Lake
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Post by Vudu52 on Mar 01, 2021 1:48pm

Similarities with Canadian Malartic and Detour Lake

Both mines were not new discoveries, like Opemiska.  Both projects had a well known open pit potential but limited drilling to prove the open pit concept.   The old miners were focused on the underground concept.  Both mines benefited from a rising gold price to put the open pit concept forward and drill the resource aggressively.  It was all a question of timing.

I see the same thing with Opemisaka.  We have a rising copper price and are drilling a known resource.   Does it looks similar?  Having invested in both Osisko and Detour, I can tell you yes.

I think this project really has good attributes for an open pit mine.  The mineralisation hits surface, good for early production without stripping for years.  The intersects are large, confirming easy open pit mining.  The best is the localisation.  Lots of $$$ can be saved.  Cheap electricity also.  No camp.  How many large copper projects have this advantage.  Not too many.
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