Even during times of economic uncertainty, finding companies that can withstand downturns is still possible — especially those that continue to advance projects while having the resources to do so.
Companies like C3 Metals Inc. (TSXV:CCCM, OTCQB:CUAUF, Forum) are focused on creating value for their shareholders by discovering and developing large copper and gold deposits, including its Arthurs Seat project in Jamaica and Jasperoide project in Peru.
The company has been busy with field exploration and drilling programs over the course of 2022, and recently announced that exploration continues to advance at the Arthurs Seat Project.
Expansion of gold-copper system at Arthurs Seat
In a press release, C3 Metals said that an initial 5,000-meter drill program included 25 holes from 10 drill pad locations that is designed to test the vertical and lateral continuity of gold-copper mineralization. Once the company receives permits, C3 Metals will then officially begin drilling.
With that in mind, some of the exploration highlights from Arthurs Seat include:
- Copper-gold-silver mineralized zone expanded to 8.0 km by 4.5 km, including 113 rock chip assays grading greater than 1% copper (see Figure 1)
- Epithermal quartz vein and breccia zone expanded to 5.0 km by 3.0 km, including 28 rock chip samples grading greater than 1 g/t gold (see Figure 2)
- Latest batch of rock chip samples assayed up to 29.8 g/t gold and 5.7% copper
- Epithermal quartz veins confirmed south of the important CRFZ
- Multiple, discrete zones of high-grade copper-silver expanded in the northwest project area
- Copper-gold mineralization confirmed over 30 km between Bellas Gate – Arthurs Seat – Main Ridge
“When we first announced the grassroots discovery of an outcropping epithermal vein swarm at Arthurs Seat less than two months ago, we had mapped veins to a 3.0 km by 2.0 km area within a much broader 7.0 km by 4.0 km copper-gold-silver footprint. In a very short period of time, the vein swarm has now been expanded to a 5.0 km by 3.0 km area within an 8.0 km by 4.5 km footprint,” Dan Symons, President and CEO of C3 Metals, said in a press release. “Furthermore, the discovery of veins south of the CRFZ opens up the possibility for the epithermal system to continue on to our Bellas Gate and Main Ridge Projects. Incidentally, our search for historical records indicates C3 Metals is the first company to discover and evaluate this district scale mineralized system.”
Results also showed that multiple, discrete zones of high-grade copper mineralization occur to the northwest of the epithermal gold-copper vein swarm and returned up to 5.66 per cent copper and 14.4 g/t silver in the latest batch of rock chip assays.
The company said the recent discovery to the west and south of CRFZ suggests the potential to expand the epithermal mineralization further. At present, C3 Metals has expanded its successful mapping and sampling program to cover the entire 6,000 hectares of the Arthurs Seat concession and the northern region of the Bellas Gate concession.
Symons recently spoke to The Market Herald Canada about the recent results.
C3 Metals in the news
The company has also been busy at its Jasperoide project in Peru, having recently completed a 73-hole drilling program.
In a press release, C3 Metals said it had intersected 63.9 meters at 1.19 per cent copper from 58.8 meters below surface, which means the company has now received assays from the six final drill holes of the phase 2 program.
- Montaña de Cobre Zone – Copper and gold oxide skarn body, measures up to 650m by 600m, with a variable true thickness of 50m to 250m
- Drilling 2021/22 – Comprehensive 73-hole, 20,070-metre drill program completed in 2 phases
- Results – Multiple high-grade copper-gold intercepts reported on most section lines
“We now have the final assays from the phase 2 drill program at Jasperoide. The Montaña de Cobre Zone has been drilled at roughly 50m spacing over approximately 90% of the skarn target. The phase 2 drill program has confirmed that the copper grades increase significantly at depths below 50m to 75m. In several instances we have encountered over 5% copper along the base of the zone, Symons said. “With all assay results now in hand, we are now focused on updating the block model, commencing metallurgical test work and continuing our community relations and drill permit programs. We believe there is potential for multiple skarn and porphyry targets within the recently expanded land position that now sits at approximately 27,000 hectares. Once drill permits are in hand on these newly acquired mineral concessions, it is our intention to commence initial drill programs on multiple copper-gold prospects.”
C3 Metals continues to advance projects in unique, emerging areas and yield impressive results — which include the company’s highest assay results to date.
Although the market has been tough all across the board this year, which has also impacted C3 Metals’ share price, that doesn’t mean now isn’t a good time to buy. At its current share price of C$0.06 and market capitalization of $35.37 million, the company is a great buy for the amount of work it’s doing in order to advance its projects.
In other words, investors will have plenty to look forward to as C3 Metals marches toward drilling in the near future, making it an attractive investment opportunity in the short and long term.
FULL DISCLOSURE: This is a paid article produced by The Market Herald Canada