Canadian Critical Minerals confirms 10.4% stake in XXIX Metal

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The company acquired 100% of the Thierry project from privately held Cuprum Corp. on Dec. 9. Canadian Critical Minerals previously held a 29.5% stake in Cuprum.

CCMI describes the Thierry project as “one of the largest known copper resources in northwestern Ontario with over 1.3 billion lb. of contained copper.”

The 79 sq. km Thierry copper project, 15 km west of Pickle Lake, hosts the Thierry mine, which produced 5.8 million tonnes grading 1.13% copper and 0.14% nickel between 1976 and 1982.

Thierry’s K2 deposit has measured and indicated resources of 8.8 million tonnes. It grades 1.66% copper and 0.19% nickel. There is also an inferred resource of 14.9 million tonnes at 1.64% copper and 0.16% nickel. The K1 deposit hosts inferred resources of 53.6 million tonnes grading 0.38% copper and 0.10% nickel.

A 2021 study envisioned an underground mine. It would produce copper and nickel-copper concentrates. The…

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