C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) CEO Dan Symons speaks to Thomas Warner from Proactive after a week of fresh news from the copper-gold explorer's projects in Jamaica and Peru.
Symons first addresses developments in Jamaica, where C3 Metals has several projects. An 8,500m drilling campaign is currently underway with two rigs at the Bellas Gate project and the first assays have now been presented to the market. Early signs appear promising, with a 480-metre hole revealing 391 metres of 0.5% copper equivalent. He says the grade surpasses the average development project's 0.39% copper equivalent.
Symons highlights the cost-effectiveness of their operations, suggesting they can drill three times the distance for the same cost as competitors. In addition to Jamaica, C3 Metals has also announced this week that its significantly expanded its land holdings in Peru to now encompass around 30,000 hectares.
Surrounded by major mining operations, their Peruvian project recently announced a resource of 52 million tonnes of 0.5% copper and 0.2% gold "right at surface".
Symons concludes by emphasising the company's focus on Jamaica, leveraging their competitive drilling advantage and going "full steam ahead."
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C3 Metals Inc. is a Canada-based junior minerals exploration company focused on creating substantive value through the discovery and development of copper and gold deposits. The Company holds the 24,000 hectare Jasperoide project in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru. The Company also holds a 100% interest in five licenses covering 20,700 hectares (ha) of highly prospective copper-gold terrain of Jamaica. The Company, through its subsidiary, Rodinia Jamaica Limited (RJL), holds title to four Special Exclusive Prospecting Licenses (SEPLs) in Jamaica, namely Bellas Gate, Arthurs Seat, Main Ridge and Hungry Gully. Bellas Gate is located within the Cretaceous Central Inlier of Jamaica. The Main Ridge Project is located along the Crawle River Fault Zone. The Company's other subsidiaries include Carube Resources Inc., Carube Resources Jamaica Limited, Latin America Resource Group Limited, C3 Metals Peru S.A.C and Molino Azul S.A.C.