C3 Metals Intersects 64.9 Metres at 3.45% Copper Equivalent, Including 23.3 Metres at 6.64% Copper Equivalent at its Khaleesi Project, Peru - Highest Grade Copper and Gold Mineralization Intersected to Date at Khaleesi
Follow-up drilling is testing whether the high-grade interval continues beyond the discovery hole.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
C3 Metals (CUAUF) intersected 64.9 metres grading 3.45% copper equivalent at its wholly owned Khaleesi copper project in Peru. Hole KHZ5790-005 included 23.3 metres at 6.64% copper equivalent from 352.1 metres downhole. The broader interval began at 337.6 metres and contained 2.53% copper, 0.873 grams per tonne gold and 11.59 grams per tonne silver. Copper equivalent combines metal grades into a copper-based measure.
C3 Metals is prioritizing 50-metre to 100-metre step-out holes to test the zone's geometry, continuity and extent, which remain at an early stage of understanding. Magnetic and gravity surveys covering 1,500 hectares are complete; the company expects its ongoing 3D electrical survey to finish during November 2026. Copper-equivalent grades assume 80% recovery for all metals, but no metallurgical testing has been completed at Khaleesi.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major pointKHZ5790-005 intersected 64.9 metres at 3.45% copper equivalent from 337.6 metres downhole.
- Minor pointIncluded interval returned 23.3 metres at 6.64% copper equivalent from 352.1 metres downhole.
- Minor point. Forward-looking: it has not happened yet and may not happen.Follow-up drilling prioritizes 50-metre to 100-metre step-outs to test the high-grade zone.
- Minor pointMagnetic and gravity surveys completed over 1,500 hectares, with data processing underway.
- Minor point. Forward-looking: it has not happened yet and may not happen.Ongoing 3D electrical survey is expected by C3 Metals to finish during November 2026.
Negative
- Minor pointHigh-grade zone geometry, continuity and potential extent remain at an early stage of understanding.
- Minor pointCopper-equivalent calculations assume 80% recovery for all metals; Khaleesi has no completed metallurgical testing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - November 2, 2026) - C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce results of the highest-grade copper-gold-silver mineralization intersected to date at its
Khaleesi Drilling Highlights
- Hole KHZ5790-005 drilled to test a magnetite and garnet skarn body within an area of limited previous drilling intersected 64.9 metres ("m") at
2.53% copper, 0.87 g/t gold, 11.6 g/t silver, 6 ppm molybdenum (3.45% CuEq) from approximately 337.6m downhole depth.
- Includes high-grade interval of 23.3m at
4.75% copper, 1.84 g/t gold, 20.4 g/t silver, 5 ppm molybdenum (6.64% CuEq) from 352.1m downhole depth.
- Copper mineralization is hosted in skarn lithologies with intense chalcopyrite mineralization occurring as disseminations, cm-scale veins and as massive infill (Figure 1).
- Demonstrates potential for high-grade mineralization within the multi-kilometre skarn system identified at Khaleesi to date.
- Follow up drilling to test geometry, continuity and potential extent of the high-grade copper-gold-silver mineralization is in progress.
Dan Symons, President and CEO, stated, "These are the highest copper grades we have encountered to date at Khaleesi and represent a very encouraging development for this emerging copper-gold discovery. An intercept of 64.9m grading
Table 1: Assay Results from Drill Hole KHZ5790-005 at Khaleesi, Peru
| Hole ID | From (m) | To (m) | Length (m) | Cu (%) | Au (g/t) | Ag (g/t) | Mo (ppm) | CuEq (%) |
| KHZ5790-005 | 218.1 | 245.1 | 27.0 | 0.22 | 0.021 | 0.69 | 4 | 0.25 |
| KHZ5790-005 | 300.5 | 309.6 | 9.1 | 0.22 | 0.027 | 1.21 | 33 | 0.27 |
| KHZ5790-005 | 337.6 | 402.5 | 64.9 | 2.53 | 0.873 | 11.59 | 6 | 3.45 |
| Including | 352.1 | 375.4 | 23.3 | 4.75 | 1.837 | 20.42 | 5 | 6.64 |
| KHZ5790-005 | 426.3 | 443.4 | 17.1 | 0.16 | 0.009 | 0.30 | 42 | 0.19 |
| KHZ5790-005 | 507.5 | 549.0 | 41.5 | 0.27 | 0.012 | 0.51 | 160 | 0.36 |
Notes
*Copper Equivalent (CuEq) for drill intersections is calculated based on three-year trailing average for each commodity (2023, 2024 and 2025) which equates to US
Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper assay values according to a
Figure 1. Six drill core photos showing intense chalcopyrite mineralization in drill hole KHZ5790-005:
- (Top Left) Sample showing thick bands of chalcopyrite at 345.5m (interval assayed 1.5m @
5.39% Cu, 2.85g/t Au and 18.7g/t Ag) - (Top Right) Semi massive chalcopyrite in garnet skarn at 352.8m (interval assayed 1.9m @
6.77% Cu, 1.79g/t Au and 34.5g/t Ag) - (Mid Left) Semi massive chalcopyrite infilling a brecciated skarn at 361.2m (interval assayed 2.0m @
8.80% Cu, 3.09g/t Au and 31.9g/t Ag) - (Mid Right) Strong chalcopyrite in magnetite and garnet skarn at 372.6m (interval assayed 2.0m @
4.22% Cu, 1.37g/t Au and 18.7g/t Ag) - (Bottom Left) Banded garnet and magnetite skarn with chalcopyrite as infill at 378.10m (interval assayed 1.5m @
1.71% Cu, 0.17g/t Au and 11.4g/t Ag) - (Bottom Right) Strong chalcopyrite and pyrite in garnet skarn at 395.2m (interval assayed 1.8m @
3.68% Cu, 1.71g/t Au and 15.4g/t Ag).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/321929_8ab841c5647ccbb9_001full.jpg
Table 2. Detailed Geochemistry Results of High-Grade Copper-Gold-Silver Interval in KHZ5790-005
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/321929_8ab841c5647ccbb9_002full.jpg
Figure 2. Geology plan map of the completed drill holes to date, with copper (Cu - oranges) and molybdenum (Mo - blues) mineralization plotted along the trace of the holes, projected to surface.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/321929_8ab841c5647ccbb9_003full.jpg
Drill hole KHZ5790-005 intersected variably altered and mineralized gabbroic diorite before entering a substantial garnet and magnetite skarn sequence at approximately 313m downhole depth. The highest copper grades occur within this skarn sequence, where chalcopyrite is present as disseminations, veins and locally semi-massive mineralization.
Preliminary geological interpretation suggests that the high-grade mineralization may be associated with a favourable carbonate horizon and the hinge of a broad fold. These potential geological controls will be evaluated through ongoing step-out drilling to better understand the geometry and continuity of the mineralized zone.
Below the main high-grade interval, the hole continued to encounter additional skarn and intrusive rocks with lower-grade copper mineralization extending to approximately 549m downhole depth.
Figure 3. Cross-section through line KHZ5850, highlighting drill hole KHZ5790-005 and significant copper-gold-silver mineralization intersected. Assay results are pending for KHZ5790-006 and KHZ5790-007.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2661/321929_8ab841c5647ccbb9_004full.jpg
To date, approximately 16,830m of drilling has been completed in 38 holes (from 17 drill platforms) with one additional hole in progress (Table 3). Drilling is targeting a northeast trending contact zone between carbonate rocks of the Ferrobamba Formation and a multi-phase intrusive complex along the well-known Andahuaylas-Yauri copper belt.
Next Steps
Drone magnetic and gravity surveys were recently completed over 1,500 hectares, and the data is currently being inverted. The Company is also undertaking a 3DIP survey over the property, which commenced in late September and is expected to be completed during November 2026. Data from magnetic, gravity and 3DIP surveys will be incorporated into 3D inversions that can be utilized in conjunction with surface and existing drill data and models to target for blind skarn and a potential porphyry source or causative intrusive.
The Company continues drilling and is prioritizing 50m to 100m step-out holes to better understand the geometry, continuity and potential extent of the high-grade copper-gold-silver mineralization intersected in KHZ5790-005.
The Company looks forward to reporting geophysics survey results and additional assay drill results as they become available.
Table 3: Drill Collars, Completed and In-Progress Holes at Khaleesi, Peru
| Hole ID | Depth | Easting | Northing | Elevation | Azimuth | Dip | Status |
| KHZ5140-001 | 551.70 | 178483.00 | 8435130.00 | 4420 | 250 | -60 | COMPLETE |
| KHZ5140-002 | 517.30 | 178478.00 | 8435140.00 | 4420 | 330 | -50 | COMPLETE |
| KHZ5140-003 | 434.20 | 178478.00 | 8435140.00 | 4420 | 90 | -51 | COMPLETE |
| KHZ5140-004 | 451.80 | 178483.00 | 8435133.00 | 4420 | 215 | -50 | COMPLETE |
| KHZ5150-001 | 300.00 | 179570.00 | 8435125.00 | 4302 | 0 | -65 | COMPLETE |
| KHZ5200-001 | 497.40 | 179253.00 | 8435194.00 | 4334 | 25 | -65 | COMPLETE |
| KHZ5325-001 | 857.80 | 178443.00 | 8435320.00 | 4412 | 5 | -55 | COMPLETE |
| KHZ5450-001 | 200.70 | 178720.00 | 8435457.00 | 4420 | 155 | -65 | COMPLETE |
| KHZ5500-001 | 536.30 | 179629.00 | 8435492.00 | 4295 | 115 | -55 | COMPLETE |
| KHZ5550-001 | 531.30 | 179089.00 | 8435573.00 | 4366 | 305 | -60 | COMPLETE |
| KHZ5675-001 | 300.00 | 178644.00 | 8435669.00 | 4461 | 151 | -45 | COMPLETE |
| KHZ5675-002 | 351.00 | 178644.00 | 8435669.00 | 4461 | 85 | -46 | COMPLETE |
| KHZ5775-001 | 509.80 | 179674.00 | 8435773.00 | 4332 | 40 | -61 | COMPLETE |
| KHZ5775-002 | 605.50 | 179676.00 | 8435771.00 | 4332 | 151 | -55 | COMPLETE |
| KHZ5780-001 | 250.40 | 178679.00 | 8435777.00 | 4455 | 101 | -50 | COMPLETE |
| KHZ5790-001 | 301.30 | 178966.00 | 8435797.00 | 4405 | 110 | -50 | COMPLETE |
| KHZ5790-002 | 578.40 | 178968.32 | 8435798.57 | 4405 | 220 | -65 | COMPLETE |
| KHZ5790-003 | 259.30 | 178966.23 | 8435796.61 | 4405 | 60 | -65 | COMPLETE |
| KHZ5790-004 | 172.50 | 178966.38 | 8435796.75 | 4405 | 160 | -55 | COMPLETE |
| KHZ5790-005 | 571.90 | 178966.00 | 8435796.00 | 4405 | 290 | -65 | COMPLETE |
| KHZ5790-006 | 524.90 | 178973.00 | 8435799.00 | 4405 | 301 | -78 | COMPLETE |
| KHZ5790-007 | 413.80 | 178973.00 | 8435799.00 | 4405 | 280 | -50 | COMPLETE |
| KHZ5800-001 | 626.10 | 178769.90 | 8435797.40 | 4435 | 90 | -55 | COMPLETE |
| KHZ5800-002 | 521.10 | 178772.00 | 8435797.00 | 4435 | 168 | -65 | COMPLETE |
| KHZ5825-001 | 517.00 | 179251.00 | 8435824.00 | 4347 | 240 | -60 | COMPLETE |
| KHZ5825-002 | 488.70 | 179256.00 | 8435829.00 | 4347 | 120 | -65 | COMPLETE |
| KHZ5825-003 | 507.20 | 179256.00 | 8435829.00 | 4347 | 270 | -70 | COMPLETE |
| KHZ5825-004 | 515.80 | 179251.52 | 8435827.26 | 4347 | 280 | -50 | COMPLETE |
| KHZ5825-004A | 50.10 | 179253.00 | 8435827.00 | 4347 | 280 | -50 | ABANDONED |
| KHZ5850-001 | 582.00 | 178493.00 | 8435855.00 | 4507 | 128 | -60 | COMPLETE |
| KHZ5860-001 | 491.90 | 178143.00 | 8435859.00 | 4471 | 225 | -65 | COMPLETE |
| KHZ5860-002 | 236.10 | 178145.60 | 8435860.50 | 4471 | 53 | -55 | COMPLETE |
| KHZ5950-001 | 564.80 | 178782.00 | 8435948.00 | 4422 | 79 | -65 | COMPLETE |
| KHZ5950-003 | --- | 178782.00 | 8435948.00 | 4422 | 90 | -83 | INPROGRESS |
| KHZ5960-001 | 506.90 | 179206.00 | 8435953.00 | 4361 | 250 | -70 | COMPLETE |
| KHZ5960-002 | 211.00 | 179201.28 | 8435952.23 | 4361 | 85 | -45 | COMPLETE |
| KHZ5960-004 | 608.00 | 179200.00 | 8435952.00 | 4361 | 43 | -87 | COMPLETE |
| KHZ5960-005 | 587.20 | 179200.00 | 8435952.00 | 4361 | 90 | -76 | COMPLETE |
About the Khaleesi Project
The Khaleesi project is located in the Andahuaylas-Yauri Belt in southeastern Peru, home to large copper skarn and porphyry deposits and operating mines such as Las Bambas (MMG), Constancia (Hudbay Minerals), Antapaccay (Glencore), and others (Figure 4).
Figure 4: Regional map showing C3 Metals' mineral concession package in relation to other large-scale operations, development projects and exploration projects.
To view an enhanced version of this graphic, please visit:
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Khaleesi is located 8km west of the Company's Jasperoide Project, where the Company confirmed 13 skarn prospects along a 28km iron-skarn belt. Montana de Cobre ("MCZ") is the only skarn along the 28km iron-skarn belt that the Company has systematically drill tested to date, yielding a near surface Measured and Indicated Mineral Resource of 51.9 million tonnes at
The Khaleesi project is situated along a highly favorable limestone-intrusive rock contact zone that bisects the tenement area and trends north-northeasterly. The limestone rock unit is part of the highly receptive Ferrobamba Formation, and the intrusive rock comprises the well-known Andahuaylas-Yauri Batholith. At this contact zone is a multiphase intrusive complex that also appears to trend northeast-southwest, that follows and exploits the contact zone, which is mostly covered by a thin layer of glacial till.
For additional information, contact:
Dan Symons
President and CEO
+1 416 716 6466
dsymons@c3metals.com
ABOUT C3 METALS INC.
C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 31,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, which contain the Company's Jasperoide and Khaleesi projects. 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). At Jasperoide, the Company has identified over 13 skarn prospects and an outcropping porphyry system over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at
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.
Copper Equivalent Formula
Copper Equivalent (CuEq) for drill intersections is calculated based on three-year trailing average for each commodity (2023, 2024 and 2025) which equates to US
Technical Program
C3 Metals adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.
Samples were cut at C3 Metals' Khaleesi Project camp, Cusco Region, Perú, by Company personnel. Before entering the cutting room, the drill core samples are marked lengthwise with a yellow line, and the core saw followed these lines to cut each sample. Diamond drill core was sampled in maximum 3-metre intervals, stopping at geological boundaries, and using a rock saw. Core diameter is a mix of PQ3 and HQ3, depending on the depth of the drill hole. Samples were bagged, tagged and packaged for shipment via local freight transport service to the ALS preparation laboratory in Arequipa, Arequipa Region, Perú. Entire samples were dried and weighed, then crushed to
The prepared, pulp samples were sent via ALS to the ALS assay laboratory in Lima, Lima Region, Perú, for copper, gold and multi-element analysis. ALS is an accredited laboratory which is independent of the Company. Gold assays were done by fire assay fusion (Au-AA23) with AAS finish on a 30g sample. Copper was assayed by ICP-AES following a 4-acid digestion via the ME-MS61r package for a suite of 60 elements. Any copper sample over detection limit (i.e., greater than 10,000ppm or
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. 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, 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.
1 Based on the assumptions and parameters outlined in the NI 43-101 Technical Report titled Jasperoide Copper-Gold Project Cusco Region, Peru dated July 5, 2023.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did C3 Metals find in Khaleesi drill hole KHZ5790-005?
KHZ5790-005 intersected 64.9 metres at 3.45% copper equivalent, including 23.3 metres at 6.64% copper equivalent. The broader interval contained 2.53% copper, 0.873 grams per tonne gold, 11.59 grams per tonne silver and 6 parts per million molybdenum.
What metal prices underpin C3 Metals' Khaleesi copper-equivalent grades?
The calculations use three-year trailing average prices for 2023, 2024 and 2025: US$4.18 per pound copper, US$2,600 per ounce gold, US$30.54 per ounce silver and US$21.46 per pound molybdenum. They assume 80% metallurgical recovery for all metals.
Which additional Khaleesi drill results are pending for C3 Metals?
Assay results are pending for KHZ5790-006 and KHZ5790-007. Both holes are completed, with reported depths of 524.90 metres and 413.80 metres, respectively.
How will C3 Metals use the Khaleesi geophysical surveys?
C3 Metals plans to combine magnetic, gravity and 3D electrical survey data with surface information and existing drill data and models to target concealed skarn mineralization and a potential porphyry source. The survey data will be incorporated into three-dimensional subsurface models.