Testing High Potential Copper-Gold Porphyry and Stacked Skarn Targets
Toronto, Ontario--(Newsfile Corp. - February 7, 2022) - C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") is pleased to announce a second and larger drill rig on site at Jasperoide, Peru. 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.
Jasperoide Stage 2 Drill Program Highlights:
- Deeper capacity rig on site to test high priority copper-gold porphyry and stacked skarn targets at the Montaa de Cobre and Cresta Verde zones
- First hole at Montaa de Cobre has commenced testing coincident geophysical targets (Hybrid CSAMT and IP) proximal to the intersection of large scale faults which 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 Montaa de Cobre copper oxide skarn deposit is expected to be completed shortly. The smaller capacity rig will then be demobilized
Kevin Tomlinson, President and CEO of C3 Metals commented, "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 Montaa de Cobre zone and intersected highly promising skarn-hosted copper sulphide mineralization at Cresta Verde zone.
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.
We are very excited to be drilling these compelling targets. 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."
2021 Exploration Summary
The initial 2021 exploration program at Jasperoide comprised drilling, airborne magnetics, ground IP, Hybrid CSAMT ("HCSAMT"), TerraSpec4 Hi-Res spectrometer alteration mineralogy, petrology, core re-sampling, a structural analysis of the Jasperoide district, detailed relogging of drill core, geological mapping and sampling. Results have provided a wealth of information to advance our understanding of the hydrothermal processes at Jasperoide and the potential for discovery of a porphyry system at depth.
A total of 46 drill holes have been completed to date for 11,743m, comprising 8,552m in 40 holes at Montaa de Cobre zone and 3,191m in six holes at the Cresta Verde zone. Results of the drilling and associated exploration programs are consistent with a large scale porphyry / skarn hydrothermal system. At the Montaa de Cobre zone, drilling has defined a shallow dipping and well developed oxide copper-gold skarn deposit with associated structurally controlled high sulphidation mineralization. Figure 1 below details geological observations in drill core which provide strong supporting evidence for a proximal causative porphyry intrusion.
Figure 1: (Top Left) Polymictic breccia with a large, mineralized diorite fragment containing 5% disseminated chalcopyrite (Top Right) Massive sulphides at the Cresta Verde zone with coarse molybdenite mineralization (Bottom Left) Breccia, skarn fragments in a massive sulphide matrix, infilling the matrix at the Cresta Verde zone with strong pyrrhotite and chalcopyrite mineralization (Bottom Right) High sulphidation style breccia, intensely silicified and vuggy
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2661/112991_c3fig1enhanced.jpg
An interpretation of the recently completed first pass Hybrid CSAMT geophysical survey indicates the skarn / high sulphidation feeder structures observed at the Montaa de Cobre zone transition to a potential porphyry system at depth. Inversion of the Hybrid CSAMT data shows a sub-vertical resistive feature (silicified Benoni Fault) which appears to connect the Montaa de Cobre zone to a much larger resistive feature interpreted as a porphyry centre at depth (Figure 2).
Figure 2: (Left) Oblique 3D view of the Hybrid CSAMT interpolated model, looking northwest. (Right) Hybrid CSAMT north-south section showing large resistive feature below the Montaa de Cobre zone, an interpreted concealed skarn and porphyry system
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2661/112991_926b2f48542f8bdc_008full.jpg
An initial 5,000 metres of drilling is planned to assess the coincident geophysics, structural and geochemical target areas at the Montaa de Cobre and Cresta Verde zones. Figure 2 (Right) shows the projection of the first hole at the Montaa de Cobre zone, which is designed to test for stacked skarns below the marble front and a porphyry copper on the southern side of the Benoni Fault.
Following the initial success of the Hybrid CSAMT, an expanded survey to cover the entire permitted area is expected to be completed this month. The data will be used to refine drill targeting at the Cresta Verde zone down-dip of the near surface mineralized skarn and massive sulphides that were intersected in JAS4350-02.
Results will be released as they become available.
ABOUT C3 METALS INC.
C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's flagship project is the 57km2 Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 207km2 of highly prospective copper-gold terrain in Jamaica and a 2% royalty in Tocvan's Rogers Creek project.
www.c3metals.com
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