C3 Metals Mobilizes Drill to Jamaica Testing Copper-Gold Porphyry Systems
C3 Metals Mobilizes Drill to Jamaica Testing
Copper-Gold Porphyry Systems
Toronto, Ontario--(Newsfile Corp. - March 24, 2022) -
C3 Metals Inc.
(TSXV: CCCM) (OTCQB:
CUAUF) ("C3 Metals" or the "Company") is pleased to advise that concurrently with drilling at its flagship
Jasperoide project in Peru, the Company has secured a rig to undertake a 5,000 metre core drilling
program in Jamaica to test several compelling high priority copper-gold porphyry targets.
The rig is
currently on route to Kingston, Jamaica and drilling is expected to commence in late April.
C3 Metals holds a 100% interest in three licenses which cover an overlooked and under explored
porphyry/epithermal copper-gold belt in Jamaica.
The area was the focus of historical mining by the
Spanish and British and modern exploration activity included work by BHP and Oz Minerals.
Highlights:
5,000m of drilling, initially targeting a porphyry cluster at the Bellas Gate Project
Over 20 porphyry and epithermal prospects identified within an 8 km
2
area
Proven porphyry terrain; historical, shallow copper-gold intercepts at several prospects include:
Connors 114.0m @ 0.69% Cu, 0.52g/t Au in CON-14-004 (from 28.0m)
1
Camel Hill 137.2m @ 0.56% Cu, 0.25g/t Au in CAM92-01 (from surface)
1
Geo Hill
158.2m @ 0.32% Cu, 0.16g/t Au in CAM92-01 (from 3.0m)
1
Provost
291.0m @ 0.30% Cu, 0.14g/t Au in PVT-16-002 (from 29m)
1
Hendley 259.0m @ 0.23% Cu, 0.07g/t Au in HEN-15-003 (from 59m)
1
Multiple holes were terminated in strong porphyry copper-gold mineralization
New undrilled porphyry targets also defined by co-incident geophysical and geochemical
anomalies at the Epidote Ridge, Coffee and White Rock Ridge prospects
High-grade sub-cropping copper-gold veins have not been tested for strike or depth continuity
Kevin Tomlinson, President & CEO of C3 Metals, commented
, "C3 Metals is very fortunate to hold a
significant land package over high potential copper-gold belts in Peru and Jamaica.
Drilling of our
flagship Jasperoide property in Peru continues to define a near surface high-grade oxide copper-gold
skarn and we are exploring this extensive alteration system for stacked high-grade skarns and their
causative porphyries.
"Concurrently, our team has been advancing our little known, yet highly-prospective, Jamaican
copper-gold targets.
The most recent drilling in Jamaica was undertaken from 2015 to 2017 which
confirmed continuous zones of strong, near-surface, porphyry copper-gold mineralization that have
not been followed up.
In addition, reprocessing of geophysical data and our 'boots on the ground
philosophy' of detailed mapping and sampling have provided an understanding of the geometry and
controls of the hydrothermal system.
"With the strong copper price, we consider it imperative to properly drill test these high-priority
porphyry and epithermal targets."
2022 Jamaica Drilling Program
A first stage 5,000 metre drill program is planned to evaluate multiple porphyry copper-gold targets at
the Bellas Gate licence, initially focussing on "Porphyry Alley", a 4 km by 2 km mineral district that
contains the Connors, Camel Hill, Geo Hill, Epidote Ridge, Coffee and White Rock Ridge porphyry
prospects (Figure 1).
Figure 1: Bellas Gate Project, showing copper-gold porphyry prospects along the well-defined northwest
trending Porphyry Alley and epithermal veins along a peripheral and parallel trend.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_001full.jpg
Previous drilling on Porphyry Alley tested a number of coincident geophysical (magnetic and IP
chargeability) and geochemical anomalies (soils and rocks).
The drilling intersected strong porphyry
copper and gold mineralization over broad intervals at multiple prospects.
Copper-gold mineralization is
closely associated with magnetite alteration and well-developed quartz stockwork and sheeted veins
(Figure 2).
Several historical drill holes terminated in strong mineralization and remain open in multiple
directions.
Figure 2.
Core slab from CON-14-003 (Connors), with disseminated chalcopyrite and bornite in quartz
stockwork veins; interval 99 - 100m assayed 1.1% copper and 0.81 g/t gold.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_002full.jpg
C3 Metals completed a thorough review of all exploration data in 2021, including reprocessed magnetic
and induced polarization data.
A 3D view of the Induced Polarization model shows a large chargeability
anomaly below Epidote Ridge that measures 1,200m by 600m and is spatially associated with the
Connors, Camel Hill and Geo Hill porphyry bodies (Figure 3).
Reprocessed magnetic data similarly
shows a very large and coincident magnetic anomaly below Epidote Ridge which is interpreted as the
centre of the mineralized system in Porphyry Alley (Figure 4).
Epidote Ridge is just one of a number of high value targets at depth and along strike.
Details on other
targets will be announced over the coming weeks.
Figure 3: Reprocessed IP data showing a large chargeability anomaly interconnected to the surrounding
porphyry bodies at Connors, Camel Hill and Geo Hill.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_003full.jpg
Figure 4: Cross sections through Geo Hill - Epidote Ridge - Connors porphyry prospects, Analytical
Signal (top) and IP Chargeability (bottom).
Proposed hole will test this high value target below Epidote
Ridge.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2661/117936_761e39ad9427e840_004full.jpg
References for Historical Data
1
Data from the above drill results are historical results and it is unknown what type of quality-control
programs were performed at the time.
The QP also advises that true width of the above results cannot
be determined at this time.
Summary of Historical Mining and Mineral Exploration in Jamaica
At C3 Metals' projects in Jamaica, the mining history goes back to the 1500's when the Spanish first
came to the Caribbean.
Subsequently, British mining companies exploited the high grade copper
deposits in the 19th Century.
It wasn't until the mid-to late twentieth century that modern exploration and
mining took place in Jamaica, especially in the region of C3 Metals' projects.
Major mining companies
include BHP, Noranda, Teck and Cominco which all explored for precious and base metals on the island
from the 1960's through the 1990's.
Bauxite mining has been a large contributor to Jamaica's GDP since
the 1950s, with Jamaica ranked as the world's premier producer at the time.
Since 2011, C3 Metals has
created a significant amount of exploration data from multi-element geochemistry, high resolution
airborne magnetic surveys, induced polarization surveys and over 10,000m of core drilling.
For additional information, contact:
Kevin Tomlinson
President & CEO
Alec Rowlands
Vice President, Investor Relations
+1 416 572 2512
ABOUT C3 METALS INC.
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its
shareholders through the discovery and development of large copper and gold deposits.
The Company's
flagship project is the 57km
2
Jasperoide 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 the nearby major mining operations at Las Bambas (MMG),
Constancia (Hudbay) and Antapaccay (Glencore).
C3 Metals also has a 100% interest in five licenses covering 207km
2
of highly prospective copper-gold
terrain in Jamaica.
It has identified numerous porphyry targets at Bellas Gate, a 6 km long multi-element
epithermal corridor at Main Ridge and extensive copper mineralization at surface at Arthurs Seat.
Jamaica, known as a world leading producer of bauxite and alumina, also has a long history of copper
and gold production dating back several centuries.
A stable Mining Code and a favourable fiscal regime
contribute to an excellent environment for mineral exploration and development.
C3 Metals also holds a
2% royalty on Tocvan's Rogers Creek copper project located in British Columbia, Canada.
Related Link:
www.c3metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
QP Statement
Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified
Person as defined by National Instrument 43-101.
Mr. Hughes has reviewed the technical information in
this news release and approves the written disclosure contained herein.
Caution Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are based on
the Company's current belief or assumptions as to the outcome and timing of such future events. Actual
future results may differ materially. In particular, this release contains forward-looking information relating
to, among other things, the exploration operations of the Company and the timing which could be
affected by the current global COVID-19 pandemic. Those assumptions and factors are based on
information currently available to the Company.
Although such statements are based on reasonable
assumptions of the Company's management, there can be no assurance that any conclusions or
forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently
available, they may prove to be incorrect. Forward-looking information involves known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements
to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include risks inherent in the exploration and development of
mineral deposits, including risks relating to changes in project parameters as plans continue to be
redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral
prices and the worldwide demand for and supply of minerals, risks related to increased competition and
current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on
key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the
necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the
Company is not obligated to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly qualify any forward-looking information
contained herein.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/117936