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C3 Metals Inc. reports exploration developments for copper-focused mineral projects in Peru and Jamaica. Company updates center on drilling and assay results at the 100%-owned Khaleesi copper project in southern Peru, where releases describe skarn- and porphyry-style copper, gold, silver and molybdenum mineralization, geophysical targets, soil geochemistry and diamond drill programs.
Recurring updates also cover activity at the 50%-owned Super Block project in Jamaica, project infrastructure and operating continuity, material agreements, governance matters, and operating and financial results. The company’s news flow is tied to exploration-stage project advancement, mineralized intercepts, permitting and operational risks common to mineral exploration.
C3 Metals (TSXV: CCCM) (OTCQB: CUAUF) has entered into an Earn-In Agreement (EIA) with Freeport-McMoRan Exploration for the Bellas Gate Project in Jamaica. The agreement, signed on February 10, 2025, grants Freeport a two-stage option to acquire up to 75% ownership interest by funding US$75 million in exploration and project expenditures.
The EIA consists of two stages: In Stage One, Freeport will fund US$25 million over five years to earn a 51% interest, with C3 Metals remaining as operator. In Stage Two, Freeport can earn an additional 24% interest by funding US$50 million over four years and becoming the project operator.
The Bellas Gate Project spans 18km with multiple porphyries identified through drilling campaigns. The project is adjacent to C3 Metals' and Geophysx Jamaica 's 50/50 joint venture Super Block project.
C3 Metals Inc. (TSXV: CCCM) has successfully partnered with Nine Miles of Smiles (NMS) to provide dental care and oral hygiene education in Bellas Gate, Jamaica, supported by the RCF Foundation. The initiative served 175 people near C3 Metals' exploration areas, delivering essential services including 31 tooth extractions, 50 cleanings, and health screenings.
The program included blood pressure, blood sugar, and oral cancer screenings, plus the distribution of 175+ locally-sourced hygiene kits. At Bellas Gate Primary School, 89 dental screenings were conducted, revealing that 74% of children had visible decay requiring treatment. The initiative also featured educational components, including an Oral Health Promoter Certification for Grade 6 students and a Sugar Science Fair for Grades 4 and 5.
C3 Metals Inc. (CUAUF) has announced significant gold sampling results from its 50%-owned Super Block project in Jamaica. The company's recent soil and channel sampling campaigns have confirmed a +5km gold trend with strong geochemistry similar to the former Pennants Gold Mine. Key highlights include:
- Best soil line results of 60m averaging 0.41 g/t gold and 103m averaging 0.20 g/t gold
- Channel sample result of 10m averaging 0.41 g/t gold
- The project shows multiple zones of anomalous gold geochemistry above 0.04 g/t gold
- Gold mineralization is directly associated with radiometric anomalies
The company plans to commence a 2,500m diamond drilling program in late Q1 to early Q2 2025, consisting of 14 holes. The Super Block project, comprising 9,870 hectares, is operated by C3 Metals in a 50/50 joint venture with Geophysx Jamaica
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has completed a grid-based soil sampling program at its Khaleesi Copper-Gold Project in Southern Peru, with assays pending and geophysical surveys now underway. The project, spanning over 30,000 hectares, is strategically located within 45km of major copper mines Las Bambas and Constancia.
Key highlights include:
- Rock chip samples yielding up to 2.82% copper, 6.0 g/t gold, 57.7 g/t silver, and 403 ppm molybdenum
- Completion of 451 soil samples over a 3.3 sq km area
- Commencement of ground Magnetic, Induced Polarization, and Magnetotellurics surveys
- Acquisition of an additional 200-hectare mineral concession
The project features a 1,200m by 1,000m zone of prograde and retrograde skarn, partially covered by glacial till. Geophysical survey results are expected by March 2025, which will be important for planning the maiden drill program.
C3 Metals (TSXV: CCCM) (OTCQB: CUAUF) has announced promising results from its Khaleesi copper-gold project in Southern Peru. Recent rock chip samples revealed up to 1.80% copper, 4.4 g/t gold, and 403 ppm molybdenum. The project, spanning over 30,000 hectares, is strategically located within 45km of major copper mines Las Bambas and Constancia.
The mapping identified an extensive zone of skarn measuring 1,200 by 1,000 meters, with epithermal quartz breccias and veins mapped over 2,000 meters. The company has initiated a grid-based soil sampling program and plans geophysical surveys in Q1 2025, including Induced Polarization, Ground Magnetic, and MT/AMT surveys covering 45.5-line kilometres.
The Khaleesi project features an alteration footprint of 1,500m by 1,000m and represents an undrilled Tier-1 exploration target in an established copper mining belt. The site is approximately 8km west of the Company's Jasperoide Project, which has a Measured and Indicated Mineral Resource of 51.9 million tonnes at 0.50% copper and 0.20 g/t gold.
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has announced results from its surface mapping and sampling program at the Khaleesi copper-gold project in Southern Peru. The program has identified compelling skarn, porphyry, and epithermal vein targets. Rock chip samples returned up to 2.82% copper, 6.0 g/t gold, 57.7 g/t silver, and 284 ppm molybdenum.
Key highlights include:
- Pervasive prograde magnetite skarn and retrograde garnet-diopside skarns identified over a 1,200m by 500m area
- Rock chips define an anomalous copper zone 600m by 600m
- Stockwork and sheeted quartz veins mapped over 600m by 300m area
- Elevated molybdenum and arsenic geochemistry suggesting potential for a porphyry system
The company plans to conduct grid soil geochemical sampling, Induced Polarization, and ground magnetic geophysical surveys to advance the copper-gold targets to drill status.
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has announced a non-brokered private placement of 15,000,000 common shares at $0.30 per share, aiming to raise $4.5 million in gross proceeds. The anticipated closing date is October 9, 2024, subject to regulatory approvals. Shares issued will have a four-month hold period. The company may pay up to a 6.0% cash commission to qualified finders in Canada.
Proceeds will primarily fund exploration programs in Jamaica and Peru, as well as working capital and corporate purposes. The offering is not registered under the U.S. Securities Act and is intended for distribution in Canada only.
C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) has announced that its subsidiary, Molino Azul S.A.C, has secured a surface access rights agreement with the Cancahuani community for its Khaleesi copper-gold project in Southern Peru. This agreement is important for advancing the project's Declaration of Environmental Impact (DIA) or drill permit.
The Khaleesi project is an undrilled copper-gold skarn and porphyry prospect located near major copper mines like Las Bambas and Constancia. The project area covers 1.5km by 1.0km and shows high-grade copper-gold mineralization in outcropping porphyry, skarn, and polymetallic epithermal veins.
With this agreement in place, C3 Metals plans to proceed with soil geochemical data collection, surface mapping, and rock sampling while completing the drill permit process. The company anticipates drilling could commence as early as 2025.
C3 Metals provided an update on its Jamaica projects after Hurricane Beryl hit the region. The company confirmed its team is safe, and there were no injuries. Equipment and samples are intact, but infrastructure has been significantly damaged. Access roads are impassable, power lines are down, and multiple landslides have obstructed routes. Consequently, C3 Metals is shifting its focus from exploration to aiding the local community, offering food, water, and help with debris removal and home repairs.
Dan Symons, President and CEO, stated that safety is the company's top priority and emphasized the importance of community support during this challenging period. The next steps will involve assessing the damage more thoroughly and restoring power and infrastructure to resume normal operations.
For further details, contact Dan Symons at dsymons@c3metals.com.
C3 Metals announced a significant copper-gold drilling result at its Bellas Gate project in Jamaica. The highlight comes from drill hole CMH8390-001, which intersected 294.0 meters at 0.30% copper and 0.13 g/t gold from the surface, terminating in 0.36% copper at 600 meters. This follows a previous report of 207.8 meters at 0.43% copper and 0.20 g/t gold from hole CMH8350-001. Two other holes at Geo Hill showed low to moderate copper-gold mineralization, while a hole west of Camel Hill showed extensive alteration but no significant assays. The results suggest a large hydrothermal system extending across 2 kilometers. Moving forward, the company plans more drilling and is updating its geological models.