- C3 Metals (CCCM) reported results from its Phase 2 drilling program at the Jasperoide copper-gold skarn/porphyry project
- Hole JAS2900-02 intersected 81.55 metres at 0.89 per cent Cu, 0.25g/t Au from 21 metres, including 21.14 metres at 2.79 per cent Cu and 0.59 per cent Au
- Extended high-grade copper-gold oxide mineralization by around 100 metres to the north from drill hole JA2800-01, which assayed 48.2 metres at 1.24 per cent Cu and 0.43 g/t Au
- C3 Metals Inc. (CCCM) was trading steady at $0.04 as of 10:00 am ET
C3 Metals (CCCM) reported results from its Phase 2 drilling program at the Jasperoide copper-gold skarn/porphyry project.
The recently completed Phase 2 drill program comprised a total 6,811 metres in 20 drill holes and has delineated a near surface, high-grade oxide copper-gold deposit at the Montaña de Cobre Zone and tested copper-sulphide mineralization at the nearby Cresta Verde Zone.
Hole JAS2900-02 intersected 81.55 metres at 0.89 per cent Cu, 0.25g/t Au from 21 metres, including 21.14 metres at 2.79 per cent Cu and 0.59 per cent Au.
Extended high-grade copper-gold oxide mineralization by around 100 metres to the north from drill hole JA2800-01, which assayed 48.2 metres at 1.24 per cent Cu and 0.43 g/t Au.
Phase 1 and 2 drilling has defined an oxide copper-gold mineralized deposit that is laterally extensive for up to 650 metres and has a strike length of more than 550 metres. True thickness varies from 50 to 250 metres.
Mineral domaining and updated geologic block modelling is underway and two holes tested a heavy sulphide brecciated skarn zone at Cresta Verde.
The company’s President and CEO, Dan Symons stated that the team has successfully delineated a sizeable, coherent body of near surface high-grade copper-gold skarn mineralization and see indications of a potential porphyry system.
“However, I am truly excited by the fact that in a short period of time we have expanded our prospective land position by 377 per cent to 27,200 hectares and our drilling to date has only been focused on less than 20% of the total mineral tenure under C3 Metals’ control. We look forward to further testing the numerous targets identified on the wider property once exploration permits are in hand for these newly acquired concessions. Given the location, geologic setting and sheer size of our land position, we believe we are only beginning to scratch the surface on Jasperoide’s exploration potential.”
Exploration permitting is underway for several of the newly acquired mineral concessions.
The company’s flagship Jasperoide Project is a 57 sq. km. high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to nearby mining operations at Las Bambas, Constancia and Antapaccay.
C3 Metals (CCCM) is a junior mineral exploration company out to discover and develop large copper and gold deposits in the Americas.
C3 Metals Inc. (CCCM) was trading steady at $0.04 as of 10:00 am ET.
