The Bellas Gate Project (BGP) consists of two wholly-owned Special Exclusive Prospecting Licenses (SEPLs) covering 84km2. The licenses are located within highly deformed, altered and mineralized Cretaceous rocks within the Central Inlier of Jamaica. European explorers mined placer gold in the 16th Century and high grade copper veins were mined by British Companies at several sites on the project in the mid 1800s. No significant exploration or development was undertaken subsequently until the 20th century. Explorationists have just recently become aware of the potential for silver and gold deposits in addition to copper at the BGP. C3 Metals entered into a Joint Venture with OZ Minerals of Australia in January 2014. After spending close to $12.5M and having earned a 70% interest in the BGP, OZ Minerals elected to hand their interest back to Carube for future consideration of cash payments and a residual interest.
The BGP is located within the Cretaceous Central Inlier of Jamaica which has a geologic history of subduction, crustal thickening and tectonism that produced extensive mineralization throughout the Caribbean such as the Pueblo Viejo deposit containing more than 36 million ounces gold and 930 million pounds of copper (Barrick 2011 Annual Report)
Considerable upside potential at Jasperoide lies in the interpreted “STACKED” skarn system with well developed mineralogic zonation which shows garnet – diopside skarn and magnetite skarn. There is a drill-defined near surface oxide copper zone, deeper porphyry-style mineralization and intermediate sulphidation vein overprinting. Given the large volume of skarn mineralization seen at Jasperoide, the potential for a very large copper-gold deposit similar in scale to neighboring mines is very high.
Excellent potential at BGP exists for economically viable copper-gold deposits, with porphyry, epithermal, skarn, oxide and copper gold (IOCG) type targets
Drilling results have been returned excellent grade over significant lengths at numerous target areas at the BGP. A summary can be seen in the table below. See Press Releases or the NI-43-101 reports for further information. The BGP has an incredible amount of copper in soil anomalies with several walk up drill targets, many without any previous drilling. Magnetic Inversion modelling indicates a large body beneath the Coffee Anomaly, yet to be tested.