CCMI also holds 10.4% of the issued and outstanding shares of (TSXV: XXIX). XXIX holds 100% interest in two of the largest copper projects in Eastern Canada, the Thierry Mine near Pickle Lake, Ontario and the Opemiska copper project in the Chapais-Chibougamau region of Quebec.
The Thierry Project is a past-producing copper and nickel mine located approximately 15 km west of Pickle Lake, Ontario and accessible on a year-round basis by paved and all-weather roads. The property is approximately 4,700 hectares in size and contains a NI 43-101 mineral resource. There is a municipal airport, nearby rail system and provincial power grid within eight km of the mine. The underground infrastructure includes a three-compartment shaft, production decline to 520 metres below surface and lateral developments on three levels. The underground workings are currently flooded.
A newly updated NI43-101 Preliminary Economic Assessment (PEA) has been completed in Q1 of 2021. For more information, CLICK HERE. You can also download the PEA from the link below.