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C3 Metals Significantly Expands Copper Mineralization at Khaleesi Project, Peru with 67.6 Metres at 0.51% Copper Equivalent and 60.9 Metres of 0.55% Copper Equivalent in Two New Skarn Discoveries

C3 Metals begins geophysics to expand the Khaleesi skarn footprint in Peru as shares consolidate near multi-month lows.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 07:01 CCCM · 0.65 C3 Metals Inc.

Executive Summary

C3 Metals announced assay results from 10 new drill holes at its 100%-owned Khaleesi copper project in southern Peru.
The results confirm the discovery of two new garnet-magnetite skarns located approximately 400m and 1,000m southwest of the main skarn body, alongside new manto-style copper mineralization.
Key intercepts include 67.6m at 0.45% Cu (0.51% CuEq), a high-grade 4.2m zone grading 2.97% Cu (3.16% CuEq), and 60.9m at 0.50% Cu (0.55% CuEq).
Drilling beneath glacial till intersected 109.0m at 0.29% Cu (0.39% CuEq) and 118.0m at 0.30% Cu (0.37% CuEq), demonstrating significant vertical and lateral expansion.
Total drilling to date stands at ~13,600m across 31 holes since September 2025.
The company is temporarily reducing drilling to one rig to prioritize expanded geophysical surveys (drone magnetics, 3D IP, gravity) scheduled from mid-June to September 2026.
Surface mapping and soil sampling will double the exploration footprint from ~8 sq km to 16 sq km to guide future drilling.

Material Impact

The results are a logical and expected progression of the maiden drill program initiated in late 2025.
The discovery of two new skarns and manto-style mineralization validates the geological model and expands the known mineralized footprint, which is positive for long-term resource potential.
However, the intercepts are consistent with prior phases and do not represent a sudden, game-changing discovery that alters the project's economic viability or valuation profile.
The shift to geophysics is a standard operational step to de-risk and target the next phase of drilling.
The news is incremental, confirming management's exploration thesis without introducing unexpected market-moving catalysts.

CCCM · Price

Company Overview

C3 Metals Inc. is a pre-revenue junior exploration company focused on copper, gold, silver, and molybdenum projects in Peru and Jamaica.
Flagship Project: Khaleesi Copper-Gold Project (100% owned, southern Peru). It is a greenfield skarn/porphyry system located in the world-class Andahuaylas-Yauri belt, ~45km from major mines Las Bambas and Constancia.
Other Assets: Super Block Project (50% JV, Jamaica) and Bellas Gate Project (100% owned, Jamaica, subject to Freeport-McMoRan earn-in).
Management: Led by CEO Dan Symons and VP Exploration Stephen Hughes, both with extensive industry experience.

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