C3 Metals Gets Jasperoide Copper Gold Project Drilling Approval
C3 Metals Jasperoide Copper GoldC3 Metals

C3 Metals Gets Jasperoide Copper Gold Project Drilling Approval

C3 Metals Inc has received authorization from the Peruvian Ministry of Energy and Mines for drilling on the Company's flagship Jasperoide Project located in the

C3 Metals Inc has received authorization from the Peruvian Ministry of Energy and Mines for drilling on the Company's flagship Jasperoide Project located in the prolific Andahuaylas-Yauri Porphyry-Skarn Copper Belt of Peru. Camp construction is underway, and drilling will follow immediately thereafter. C3 Metals Executive Chairman Mr Tony Manini said "We are delighted to have received the necessary permit to commence drilling activities at Jasperoide. We view the Jasperoide project as an exceptional copper-gold opportunity that will drill test a large-scale mineralised system in a world class copper region. We look forward to reporting a consistent flow of news as our drilling program ramps up over the coming months. I would like to thank the Ministry of Energy and Mines, our consultants and the entire C3 Metals team for the excellent progress made engaging with the local community during this particularly challenging COVID-19 pandemic period. The Company is looking forward to working with the local communities to ensure our exploration activities are conducted in a manner which benefits all stakeholders."

Jasperoide comprises a large, underexplored copper-gold mineralised skarn-porphyry system that is developed in a similar geological setting to several nearby large copper mines, including Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore).

Highlights:

Drill permit received and diamond core rig contracted for first drilling program since 2012

Large, underexplored copper-gold mineralised skarn system mapped over several kilometres associated with highly altered / veined porphyry lithologies. Similar geological setting to nearby Las Bambas deposit (1.2BT @ 0.61% Cu 197 ppm Mo)1

Three high priority skarn-porphyry targets with historic drill results for immediate follow up including:

185.2m @ 1.00% Cu, 0.39g/t Au in JADD11-03 (from 22.0m)2

114.9m @ 0.97% Cu, 0.37g/t Au in JADD12-03 (from 37.1m) 2

40.3m @ 3.54% Cu, 0.33g/t Au in JADD11-10 (from 70m)2

23.5m @ 1.86% Cu in JADD11-20 (from 19m)2

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