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Main Ridge, adjacent to a gold mine that once produced pennants
TORONTO, ONTARIO–(Newsfile Corp. – May 2, 2023)- C3 Metals Co., Ltd. (TSXV: CCCM) (OTCQB: CUAUF) (“C3 Metals” or the “Company”) is pleased to announce that it has received approval to commence exploration drilling at its wholly owned Main Ridge Project in Jamaica. The Main Ridge project covers 3,000 hectares and is located adjacent to the former production Pennants Gold Mine and west of the company’s Arthurs Seat project (Figure 1). The Main Ridge Drilling Permit is valid until April 2028.
Dan Simmons, President and CEO, said: On the Main Ridge, two separate mineralized structures over 4 km long were identified either along the trend or in close proximity to the previous producing Pennant Gold Mine. The main ridge project surrounds the pennant with pits to the west, north and east. You have identified your target.
Figure 1: Jamaica’s C3 Metals Concession (Total Magnetic Intensity (TMI)) with views of 16 porphyry and over 40 hydrothermal formations spanning 30 km from Bellas Gate to Arthur’s Seat and Main Ridge. Historic shafts and shafts located south of several porphyry targets.
Main Ridge Project Highlights
Rock chip and soil sampling along the Bennett Fault defined a consistent gold anomaly extending 4 km southeast and northwest of the Old Pennant Gold Mine (Fig. 2).
The Rio Minho fault is host to strong copper-silver mineralization defined on a strike length of 4 km. Channel sample results include the following (Figure 2):
Figure 2: Numerous rock chip analyzes containing over 1.0 g/t gold and up to 35.8 g/t gold and strong gold mineralization in the past northwest producing Pennant gold mines containing three strong copper mineralization zones including: Radiometric image of the main ridge showing bands (potassium). Lock both chip assay and channel sampling results above 1% copper.
About Pennant gold mines produced in the past
The Pennant Gold Mine is a reported Non-Compliant NI 43-101 Historic Mineral Resource of 75,500 tons at 20.4 grams/tonne gold and was operated as an open pit mine from 2002 to 2004.2,3Operators reported past high-grade drill crossings 1.7 m at 430.0 g/t gold and 4.6 m at 25.6 g/t gold From the mine (drilling results are historical and not independently confirmed)Four.
For more information, please contact:
Dan Simmons
President and CEO
+1 416 716 6466
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About C3 Metals
C3 Metals Inc. is a junior mineral exploration company focused on creating substantial value through the discovery and development of large-scale copper and gold deposits. The company owns his 26,800-hectare jasperoid project in the prolific, high-grade Andahuaylas-Yauli Porphyry-Skarn Belt of southern Peru. Jasperoid mineralization occurs in geological settings similar to the major mining operations at nearby Ras Bambas (MMG), Constantia (Hadbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five of his licenses covering 20,700 hectares of highly promising copper and gold land in Jamaica. Mining dates back to the 1500s and 1800s, when Spanish and British mining companies targeted high-grade copper in veins. The company also holds his 2% royalties on Tocvan’s Rogers Creek project.
Related Links: www.c3metals.com
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QP statement
Stephen Hughes, P.Geo. is Vice President, Exploration Division, Director of C3 Metals and a qualified person as defined in National Instrument 43-101. Mr. Hughes has reviewed the technical information in his release of this news and has approved the written disclosures contained herein.
technology program
C3 Metals adheres to strict QA/QC protocols for handling, sampling, sample transport, and analysis. The CoC protocol is designed to ensure the security of samples until they are delivered to the lab.
Samples are analyzed by 4-Acid-resolved ICP-MS finishing of 63 elements, including Pathfinder REE elements containing pulp from samples with reported >1.0% copper re-analyzed by ore grade method. Gold was analyzed by the 30g Fire Assay AAS finish and pulp from samples above 5ppm reanalyzed by the 1kg Screen Fire Assay was reported. We insert blanks and certified reference standards into the sample sequence for quality control.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. “may”, “intend”, “expect”, “believe”, “will”, “predicted”, “presumed” and similar in relation to matters that are not historical facts The use of expressions and statements in identifies forward-looking information and is based on our current beliefs or assumptions regarding the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information regarding, among other things, our exploration business and the potential impact of his current global COVID-19 pandemic. These assumptions and factors are based on information currently available to us. Such statements are based on our management’s reasonable assumptions, but there is no guarantee that the conclusions or forecasts will be correct.
We believe these assumptions are reasonable based on currently available information, but they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors and actual results, performance or achievements may not be expressed or implied by the forward-looking information. results, performance or achievements may differ materially. Such factors include the risks inherent in exploration and development of mineral deposits. This includes risks associated with changes in project parameters as plans continue to be redefined, risks associated with fluctuations in grades or recoveries, and risks associated with changes in mineral prices and global demand. increase. Mineral sourcing and supply, increased competition and risks associated with the current global financial situation and the COVID-19 pandemic, access and supply risks, dependency on key personnel, operational risks, obtaining necessary licenses regulatory risks, including those associated with authorization, funding, capitalization and liquidity risks;
The forward-looking information contained in this release is made as of the date of this release and we may update or revise any forward-looking information as a result of new information, future events or otherwise. does not assume any obligation to do so. Applicable Securities Laws. Investors should not place undue reliance on forward-looking information due to the risks, uncertainties and assumptions contained herein. The foregoing statements clearly qualify the forward-looking information contained herein.
1 The drilling results data above are reported past results and it is not known what kind of quality control program was in place at the time. Also, C3 Metals’ QP advises that the true breadth of the above results cannot be determined at this time.
2 The Mineral Resources listed above are provided as historical estimates and use historical terminology that does not conform to current National Instrument 43-101 (“NI 43-101”) standards. Qualified Persons have not done enough work to classify historical estimates as current mineral resources or mineral reserves. Past estimates are believed to be based on reasonable assumptions, but these estimates were calculated prior to his implementation of NI 43-101. Because these historical estimates do not meet the current criteria defined in Sections 1.2 and 1.3 of NI 43-101, C3 Metals does not treat historical estimates as current mineral resources or mineral reserves. , the historical estimate is adjacent to the mineral reserve and not within the mineral reserve. Licensed to C3 Metals.
3 Published Report, Geochemical Exploration for Gold in Jamaica: Comparing River Sediment and Soil Surveys, Geochemistry: Exploration, Environment, Analysis, 4, 161-170, 1 May 2004, Robert G. Garrett, Gerald Vuchkov by C. Laller and Mitko.
Four The drilling results data above are reported past results and it is not known what kind of quality control program was in place at the time. Also, C3 Metals’ QP advises that the true breadth of the above results cannot be determined at this time.
