C3 Metals hits copper in first hole at Khaleesi - ICYMI

Core Insights - C3 Metals Inc has reported promising results from its first drill hole at the Khaleesi target in southern Peru, located approximately eight kilometers west of the Montaña de Cobre resource, which contains 52 million tonnes at 0.5% copper and 0.2g/t gold [1][3] Summary by Sections Drill Results - The initial drill hole intercepted 269 meters at 0.3% copper, with additional by-product credits of gold, molybdenum, and silver [1][5] - A magnetite skarn zone was encountered, which increased the copper grade by 37% to 0.41% over a 60-meter interval [2][5] Geological Context - The Khaleesi project is situated in a world-class copper-producing belt, with proximity to major mines such as MMG's Las Bambas and Hudbay's Constancia [4] - The geological model includes a skarn on the western side and a batholith with porphyry-style mineralization on the eastern side, with glacial till in between [6] Future Exploration Plans - The company plans to conduct a total of 6,000 meters of drilling, with adjustments made based on visual information and mineralization observed during drilling [7][8] - The identification of the magnetite skarn beneath the glacial till allows for the potential extension of mineralization closer to the surface, which could improve future mine planning [8] Economic Considerations - The company emphasizes the importance of understanding tonnage and grade economics from the outset, with ongoing assessments based on geological mapping and geophysical data [9][10] - The target remains large, and the company is optimistic about the results from the first hole, with additional drilling planned [10]