C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) announced results for five of the ten outstanding drill holes at its Jasperoide copper-gold skarn/porphyry project in Peru, which included 32.4 metres (m) of 3.8% copper and 0.8 grams per tonne (g/t) gold from 84.0m.
The company said the assay results were “some of the highest copper grades reported on the project to date”.
“These most recent results from shallow drilling at the Montaña de Cobre Zone are impressive by any measure. To see such high copper grades over wide intervals so close to surface on the first of multiple targets to be evaluated, highlights the potential of the Jasperoide project,” C3 Metals CEO Kevin Tomlinson said in a statement.
READ: C3 Metals mobilizes second, larger drill rig at Jasperoide project in Peru
“Our Phase 1 program successfully demonstrated that the copper-gold oxide mineralization has both the scale and grade to represent a potential stand-alone development opportunity,” Tomlinson added.
C3 Metals noted an initial 5,000m of drilling is in progress to assess the potential for stacked skarns and porphyries at deeper levels of the mineralized systems at the Montaña de Cobre and Cresta Verde Zones.
It added that recent drilling at the Montaña de Cobre Zone continues to define a shallow dipping, oxide copper-gold domain that is laterally extensive for up to 650m and has a strike length of more than 450m.
C3 Metals is developing its flagship Jasperoide project, a high-grade copper-gold skarn and porphyry system in Peru. Drilling began in February 2021, returning high-grade copper-gold mineralization over significant thicknesses. The ongoing program has been expanded to test multiple geophysical targets.
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