Twelve near-surface porphyry targets have been identified on the Bellas Gate mineral concession to the north and east of 62 adits and shafts where the British were mining copper/gold epithermal veins in the 1800s. Drilling in 2022 intersected multiple, near surface porphyry-style copper/gold targets including, 309.0m at 0.44% copper & 0.33 g/t gold, 178.5m at 0.37% copper & 0.16 g/t gold and 108.0m at 0.42% copper & 0.26 g/t gold – all within 15m from surface.
During the summer of 2022, C3 Metals made a discovery of an 8km by 4.5km area where over 100 rock chip samples have returned greater than 1% copper and up to 16.5% copper. Within the southeast portion of this mineralized footprint, a large-scale, epithermal vein swarm has been discovered. The vein swarm has been mapped over a 3km by 5km area and has return over 30 rock chip samples grading over 2.0 g/t gold and up to 58.1 g/t gold.
The Main Ridge Project surrounds the past producing Pennants Gold Mine (closed 2004) on three sides. Epithermal gold and copper/silver systems have been mapped over a 4km area, including rock chip samples of up to 35.8 g/t gold and channel samples of 1.22% copper and 7.8 g/t silver. Main Ridge is located along the Crawle River Fault Zone. It is contiguous to the west of C3 Metals’ Arthurs Seat mineral concession. A drill permit application has been submitted.
The Jasperoide Project covers 26,800 hectares in a known, world-class copper district in southern Peru. Jasperoide is located within 50km of Hudbay Minerals’ Constancia and Pampacancha copper/gold mines, MMG’s Las Bambas mine, First Quantum Minerals’ Haquira development project and Rio Tinto and BHP’s copper exploration projects. C3 Metals has identified multiple copper/gold skarn, porphyry and epithermal targets at Jasperoide. The Company has drilled the first skarn target – Montana de Cobre – and intersected high-grade copper in multiple holes, including 53.2m at 3.11% copper & 0.46 g/t gold, 118.7m at 1.15% copper & 0.37 g/t gold and 229.5m at 0.99% copper & 0.43 g/t gold.
Core from drill hole ARS5850-002 (271.5m) showing coarse gold mineralization associated with quartz veins, bornite and pyrite.
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