C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has announced the results from partially completed surface mapping and sampling at its Khaleesi copper-gold project located in the Andahuaylas-Yauri Porphyry-Skarn belt in Peru.
The company said this program has delineated “compelling” skarn, porphyry and epithermal vein targets, with rock chip samples returning up to 2.82% copper, 6 grams per ton of gold, 57.7 grams per ton of silver, and 284 parts per million molybdenum.
Rock chips also defined an anomalous copper zone measuring 600 meters by 600 meters, as well as stockwork and quartz veins cutting through the Ferrobamba Formation that indicate the potential for a deeper porphyry system.
Stephen Hughes, C3 Metals vice president exploration, said the initial exploration data collected at Khalessi indicated a classic porphyry-skarn system similar to other nearby major copper-gold deposits along the Andahuaylas-Yauri Porphyry-Skarn belt.
“To date, copper-gold mineralization has been primarily confirmed in the outcropping skarn and epithermal zones, but the proximal marbleized limestone is very important geologically. We have identified sheeted and stockwork quartz veins in the marbleized limestone that appears to be porphyry related, with rock chips assaying elevated levels of molybdenum and arsenic,” he said.
“Given the total alteration footprint at Khalessi is over 1 kilometer by 1 kilometer, the potential for a system of meaningful scale appears to be high. The planned program will provide sufficient data to drill test this potential."
C3 Metals CEO Dan Symons added: "Khalessi is host to a large area of outcropping copper-gold mineralized skarn and epithermal veins. Importantly, the project displays several vectors indicative of a potential copper-gold porphyry system
“It is incredible that in such a well-known, world-class copper-producing district, we have been able to identify an undrilled project like Khaleesi.”
The CEO said that the company plans to complete mapping and rock sampling, run a soil geochemical survey, and ground magnetic and IP surveys ahead of a maiden drilling program at Khalessi.