C3 Metals Intersects 164.6 Metres at 0.35% and 119.5 Metres at 0.30% Copper Equivalent at Its Khaleesi Project, Peru - Mineralization Extended North
C3 extends the Khaleesi system to 500m depth with broad step-out intersections, though grades remain marginal.
C3 Metals Inc. (CCCM) released assay results for three drill holes at its 100%-owned Khaleesi copper project in southern Peru. Hole KHZ5825-004 intersected multiple broad zones, including 119.5m at 0.24% Cu, 0.035 g/t Au, 0.79 g/t Ag, and 47.26 ppm Mo (0.30% CuEq) from 48.40m downhole. Additional intercepts in this hole included 55.6m at 0.18% Cu, 0.021 g/t Au, 0.51 g/t Ag, and 44.01 ppm Mo (0.23% CuEq) from 182.80m, as well as 164.6m at 0.28% Cu, 0.028 g/t Au, 0.93 g/t Ag, and 51.34 ppm Mo (0.35% CuEq) from 304.50m.
Hole KHZ5860-001 returned 10.7m at 0.25% Cu, 0.271 g/t Au, 2.51 g/t Ag, and 28.42 ppm Mo (0.53% CuEq) from 161.80m. Hole KHZ5860-002 reported no significant assays. The company stated that mineralization is confirmed to roughly 500m vertical depth and over 500m in east-west dimension, remaining open to the north, east, and west.
Approximately 15,100m has been drilled in 33 holes, with one hole currently in progress. Drone magnetic and gravity surveys were expanded by 600 hectares, and the 3DIP survey is now scheduled to start before the end of September 2026.
C3 Metals Inc. (CCCM) is a pre-resource junior explorer with no revenue and a going-concern note in its MD&A. The latest results expand the footprint of the Khaleesi system to roughly 500m vertical and more than 500m east-west, remaining open in several directions. This represents a genuine scale signal for an early-stage project.
However, the grade remains marginal for porphyry-skarn economics. The best new interval is long but below 0.4% CuEq, and no meaningful higher-grade core was reported. The stock has collapsed from the December 2025 high of C$1.48 to C$0.70. The market is not pricing in a major Khaleesi discovery at this level, so this release is not a disappointment against an embedded high expectation.
The result is in-line to modestly positive: it confirms and extends the system but does not materially change the grade profile or de-risk metallurgy, true width or resource potential.
C3 Metals Inc. (CCCM) is a Canadian junior explorer focused on copper-gold assets in Peru and Jamaica. In Peru, the company holds the Khaleesi project and the Jasperoide project. Jasperoide contains a measured and indicated resource of 51.9Mt at 0.50% copper and 0.20 g/t gold, containing 569.1M lb copper and 326,800 oz gold. Khaleesi is the active drill focus and sits in the Andahuaylas-Yauri belt near Las Bambas, Constancia and Antapaccay.
In Jamaica, Bellas Gate is subject to a Freeport-McMoRan earn-in allowing Freeport to earn up to 75% by funding up to US$75M. The company also holds a 50% interest in the Super Block joint venture. C3 Metals Inc. reported cash of C$30.8M at the February 2026 quarter-end, with no debt.