Core Insights - C3 Metals Inc reported high-grade drill results from the second hole at the Khaleesi project, indicating significant mineralization potential and structural complexity in the area [1][2] Group 1: Drill Results - The second hole returned a 51-metre intercept grading 0.5% copper and 0.31 g/t gold, equating to a copper equivalent of 0.86%, with an 18-metre zone grading 1.85% copper equivalent [1][2] - The second hole shows a much higher grade compared to the first hole, which had a broader intercept into a magnetite skarn, while the second hole is into porphyry-style veins overprinting garnet skarn [3][4] Group 2: Mineralization Insights - The presence of high-temperature copper sulfide minerals such as bornite and chalcocite suggests either proximity to the heat engine of the hydrothermal system or multiple mineralization pulses, both favorable for grade [4] - The project area has limited surface exposure due to a thin layer of glacial till, making it challenging to identify mineralization at the surface [6][7] Group 3: Future Exploration Plans - The company plans to follow up on the high-grade zone with additional drill holes to explore the causative intrusive source of the mineralization [5] - There is a need for scout holes based on geophysical data to explore potential mineralization beneath the glacial till, which could significantly expand the target area [7][8] Group 4: Project Development - The Khaleesi project is a new greenfield initiative with no prior drilling, and the company has undertaken extensive groundwork, including community engagement and geological mapping, before commencing drilling [8][9] - The early success in hitting high-grade mineralization in the first two holes is viewed as a significant achievement for a project with no previous drilling history [10]

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]

C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) CEO Dan Symons spoke with Proactive about the company’s fully funded drill programs underway in Peru and Jamaica.  Symons provided detail on the commencement of diamond drilling at the Khaleesi project in Peru. He explained that the project is located near several major operations, including Las Bambas and Constancia, and that C3 Metals has consolidated a 310km² land package in the area.   The first-ever drill program at Khaleesi targets large copper soil anomalies and ...