C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) has announced a second and larger drill rig on-site at the Jasperoide project in Peru.
The company said the new rig is set up on the first drill platform to test a high potential porphyry and stacked skarn copper-gold target delineated from recently acquired geophysical data coupled with 2021 drill results.
"The 2021 exploration season in Peru was very successful. The initial program of 11,700 metres of diamond drilling delineated a sizeable, shallow, high grade oxide copper-gold skarn system at the Montaña de Cobre zone and intersected highly promising skarn-hosted copper sulphide mineralization at Cresta Verde zone,” said C3 Metals CEO Kevin Tomlinson in a statement.
READ: C3 Metals Inc hails Hybrid CSAMT survey results at Jasperoide project in Peru as it awaits bigger drill rig
“Our initial drilling coupled with newly acquired geophysical and geological data strongly supports our interpretation that a deeper-seated causative porphyry is driving the large mineralized hydrothermal system at Jasperoide. The presence of multi-phase intrusions, extensive skarn development, mineralized porphyry fragments, molybdenite mineralization, porphyry-style alteration and high sulphidation feeder structures are all features common in other large scale porphyry copper systems in Peru," he added.
"The Jasperoide system is extensive with the high-grade MCZ copper-gold deposit representing only part of the overall potential. The larger drill will enable us to more effectively test for additional copper-gold skarn bodies and the causative porphyry copper source at depth," Tomlinson concluded.
The company said the Jasperoide Stage 2 drill program highlights include:
- Deeper capacity rig on-site to test high priority copper-gold porphyry and stacked skarn targets at the Montaña de Cobre and Cresta Verde zones
- First hole at Montaña de Cobre has commenced testing coincident geophysical targets (Hybrid CSAMT and IP) proximal to the intersection of large scale faults that transect the nearby copper mine deposits at Las Bambas and Constancia
- Cresta Verde drilling to test for higher grades below massive sulphide skarn hosted copper-molybdenite mineralization intersected in 2021 drilling
- Drilling at the Montaña de Cobre copper oxide skarn deposit is expected to be completed shortly. The smaller capacity rig will then be demobilized
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