Survey highlights:
Newly acquired Hybrid CSAMT geophysical data indicates a potential causative intrusion at depth central to mineralization at the
Strong resistivity features are identified at the intersection of the regional-scale Benoni and Constancia Faults which transect the large-scale Las Bambas and
3D geophysical modelling highlights a potential cluster of intrusive bodies linked to mineralizing fault conduits confirming earlier geological models for Jasperoide
The Hybrid CSAMT survey has been extended to rapidly cover the entire area permitted for exploration and drilling over the next month
A second deeper capacity drill rig is being mobilized to site to test these compelling concealed copper-gold porphyry and stacked skarn targets
'Hybrid CSAMT is recognized by the industry as an excellent geophysics tool to identify structures that mineralizing fluids systems exploit, and can provide reliable data to a depth of over 1,500 metres or more. This trial survey has been immensely successful at delineating deep-seated, large-scale feeder structures at Jasperoide. Feeder structures, mineralized porphyry fragments and mineralization / alteration styles are important vectors that provide further evidence that a potential large-scale porphyry system occurs at depth. We look forward to testing deeper levels of the system with the arrival of a bigger rig in early February.'
'Our 2021 program demonstrated the potential for high-grade, copper-gold deposits at Jasperoide. Now, with the oversubscribed
A Hybrid CSAMT geophysical survey was undertaken and completed in
Inversion of the Jasperoide Hybrid CSAMT data outlines multiple deep and shallow resistive and conductive features (Figure 2). Two well-defined NNW-SSE trending linear and contiguous resistive features (+100m in width) are coincident with the Constancia Fault which trends from the
The linear resistive features are kilometre-size in scale and show significant depth extent, coalescing at depth to where a concealed mineralized porphyry centre is interpreted. Pseudo sections for lines L600 and T3600 clearly illustrate sub-vertical resistive features and a larger resistive feature at depth (Figure 2) which the Company will test with the larger rig.
Survey Parameters
The Hybrid CSAMT survey was carried out by Geofisica TMC, a company based in
Results were compiled into sections, grid maps and a 3D
Near Term Forward Strategy
The Company is expediting the expansion of the Hybrid CSAMT survey to cover the entire permitted area, which is expected to take a month to complete. Drilling continues on the northern part of the
The larger rig capable of testing for stacked skarns and the potential porphyry system to depth is scheduled to arrive shortly. This rig will test multiple porphyry targets identified by the Hybrid CSAMT survey at both the
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E: ktomlinson@c3metals.com
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QP Statement
COVID-19 Protocols
The Company continues to implement its COVID-19 safety protocols at site to ensure the safety of employees and the communities surrounding the Jasperoide project area.
Caution Regarding Forward Looking Statements
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the exploration operations of the Company and the timing which could be affected by the current global COVID-19 pandemic. Those assumptions and factors are based on information currently available to the Company. Although such statements are based on reasonable assumptions of the Company's management, there can be no assurance that any conclusions or forecasts will prove to be accurate.
While the Company considers these assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to changes in project parameters as plans continue to be redefined, risks relating to variations in grade or recovery rates, risks relating to changes in mineral prices and the worldwide demand for and supply of minerals, risks related to increased competition and current global financial conditions and the COVID-19 pandemic, access and supply risks, reliance on key personnel, operational risks, and regulatory risks, including risks relating to the acquisition of the necessary licenses and permits, financing, capitalization and liquidity risks.
The forward-looking information contained in this release is made as of the date hereof, and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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