C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) announced promising results from its recently completed surface mapping and rock sampling program at the Khaleesi copper-gold project in southern Peru.
The company reported that rock chip samples yielded up to 1.80% copper, 4.4 g/t gold, and 403 ppm molybdenum.
CEO Dan Symons called Khaleesi a “Tier 1 undrilled exploration target” in a renowned copper belt.
“We are in a unique position having consolidated a large, strategic mineral concession package ahead of the recent activity by larger companies,” Symons said in a statement.
“Khaleesi was staked by our exploration team and now is amongst our highest priority geologic targets.”
The company will begin a geophysical program starting in January ahead of a maiden drill program.
The Khaleesi project, spanning over 30,000 hectares, is located within 45 kilometres of major copper mines Las Bambas and Constancia. It has an alteration footprint of 1,500m by 1,000m.
Khaleesi is approximately 8km west of C3 Metals' Jasperoide project, which has a measured and indicated mineral resource of 51.9 million tonnes at 0.5% copper and 0.2 g/t gold.