Canadian mining firm discovers more copper and gold in Bellas Gate

In a news release posted on its website, the Canadian incorporated company, said it is “pleased to report assays (testing) from two additional holes drilled at the Provost porphyry target on the company's 100% owned Bellas Gate project in Jamaica,” has unearthed a significant amount of ore containing large amounts of copper and gold. 

“Drill hole PVT0825-001 (596.7m) intersected 280.7m at 0.37% copper and 0.21 g/t gold (0.52% CuEq1) from 227.0m, including 61.7m at 0.50% copper and 0.39 g/t gold (0.77% CuEq1) from 446.0m. To date, approximately 5,200m of an 8,500m drill program have been completed. Assays are pending for multiple holes, and drilling remains ongoing with two rigs,” stated the Ontario-based company.

At approximately 500m depth, the company is also reporting that it has discovered bornite and hypogene chalcocite mineralization, the latter well known for its high copper content.

It noted: “The Company believes it is possible that PVT0825-001 "clipped" the top of the bornite core of the porphyry system (Figures 2 and 3). PVT0825-001 was drilled with C3 Metals' man-portable drill rig to a record depth of 596.7m for this rig. The presence of bornite mineralization and potassic alteration corresponded with a spike in grades to 1.14% copper and 1.19 g/t gold (1.98% CuEq1) over a 2.5m interval. Therefore, the Company has planned a follow up drill hole utilizing its larger capacity contract drill rig, which has depth capacity of more than 1,000m. The Company is currently defining the dimension and grade of copper-gold mineralization in an intial 900m by 200m target area that remains open in multiple directions and at depth.”

C3 Metals’ President and CEO Dan Symons stated: "Provost looks increasingly like a classic, fully multiple reasons: 1) it extends copper-gold mineralization 150m at depth, 2) the first bornite mineralization and potassic alteration was encountered, and 3) the ratio of sulphide mineralization transitions from pyrite to chalcopyrite to bornite as we go deeper into the system. With this transition, the grades of both copper and gold increase. We plan to prioritize a deep hole to test below PVT0825-001 into the interpreted core of the system. After closing an oversubscribed and upsized private placement of $8.05 million earlier this month, we are well funded to expand our drilling program and provide continuous news flow from the drill bit."
Last month C3 Metals issued 115,000,000 common shares of the company at a price of $0.07 per common share for total gross proceeds of $8,050,000.

The non-brokered private placement was closed within the first15 days of November with the company stating that the “proceeds from the offering” to fund further explorations in Jamaica and Peru.