C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) CEO Dan Symons joined Proactive to provide an update on the company’s progress at its Khaleesi project in Peru.
He highlighted several significant milestones, including a surface access agreement that opened exploration across a 300-square-kilometer package.
Recent exploration efforts include comprehensive mapping, rock sampling, and soil geochemistry surveys over two square kilometers. Results revealed copper grades up to 2.8%, gold grades reaching six grams per ton, and molybdenum over 400 ppm.
Proactive: Welcome back inside our Proactive newsroom. Joining me now is Dan Symons, the CEO of C3 Metals. Dan, good to have you back again. How are you?
Dan Symons: I'm doing well, Steve. Thanks for having me.
Great to have you here. I want to discuss some recent news about your Khaleesi project in Peru—more results from your surface mapping, rock sampling, and that boots-on-the-ground type of work.
Yes, that's right. You may recall, in August 2024, we secured a community surface access agreement, which unlocked the Khaleesi area for exploration. This has always been one of our top geologic targets. With boots on the ground, we've completed a comprehensive mapping and rock sampling program over two square kilometers. We're now shifting to a soil geochemistry program, which will be followed by geophysical surveys.
The early results are promising: copper grades up to 2.8%, gold grades up to six grams per ton, and molybdenum over 400 ppm. These signatures, from the limited data collected so far, suggest the presence of a large mineralized system.
This is a large area. Can you describe the specific geography where you're focusing and why?
Of course. Khaleesi is located along a prolific copper belt in southern Peru. It's less than 45 kilometers from MMG's Las Bambas mine and Hudbay Minerals’ Constancia mine. We've quietly consolidated a 300-square-kilometer land package here.
The area had been fragmented—a bit of a checkerboard—but we worked for nearly two years to consolidate it and build trust with local indigenous communities to secure surface access agreements. This allowed us to start the on-the-ground work needed to design our maiden drill program.
And the soil sampling and surveys are part of that, correct?
Yes, exactly. On the western side of the project, we have outcropping mineralization—scarn, epithermal, and porphyry styles. Moving eastward, the project dips beneath glacial till, 2 to 15 meters thick, which makes it a blind area. Soil geochemistry and geophysical surveys will be key to understanding the subsurface in this region.
To put it simply, we have an alteration zone measuring 1.5 kilometers by 1 kilometer. With a rule of thumb of 400 meters of vertical depth, that represents a billion tons of rock. The big question is: what is the grade within that rock, and how continuous is it? We won't know until drilling, but we're preparing all the necessary data now.
Are you learning anything from nearby operations to guide your exploration?
Absolutely. We're looking closely at Las Bambas, as Khaleesi has a similar profile. It appears to host porphyry mineralization with scarn and epithermal zones intact. This gives us hope for a complete mineralized system.
Quotes have been lightly edited for clarity and style