Resource News

Rock Chips Assayed up to 14.2 g/t Gold and 5.2% Copper

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to report the discovery of a large-scale, intermediate sulfidation epithermal gold and copper vein swarm at the Company's 100% owned Arthurs Seat project. First rock chip assays from this discovery returned up to 14.2 gt Au, 5.2% Cu and 53 gt Ag. The Arthurs Seat project is in the highly prospective Crawle River-Rio Minho Fault Porphyry and Epithermal District ("CRF District") of Jamaica.

An extensive area of epithermal veins and breccias (Figure 1) has been outlined on the Arthurs Seat project. Field mapping to date indicates quartz vein and breccia structures up to 25 metres in true width that have been discontinuously traced over two kilometres of strike. This newly discovered vein swarm is located approximately 500 metres southeast of the previously announced high-grade copper-silver mineralization (see assays up to 13.8% Cu and 492 g/t Ag in press release dated June 2, 2022).

Exploration Highlights:

  • Epithermal veins and breccias at the Crofts Hill target within Arthurs Seat:
    • A true maiden discovery with no prior modern-day exploration - never drilled;
    • A high density of intermediate sulfidation quartz vein and breccias over an area of 3 km x 2 km;
    • Rock chip assays up to 14.2 g/t Au, 5.2% Cu, and 53 g/t Ag;
    • Over 30% of the initial 137 rock chips collected assayed highly anomalous gold values; and
    • Sheeted quartz vein and breccia zones up to 25m true width.
  • Copper-Silver Zone at the Brandon Hill target within Arthurs Seat:
    • Exploration limited to selective surface sampling in the 1960s - never drilled;
    • Recently completed ridge and spur soils confirm a 2.5 km x 1.2 km copper in soil anomaly; and
    • Discovery of amygdaloidal basalts flooded with secondary copper.

Dan Symons, President & CEO, stated, "We believe that the CRF District is a completely untapped district scale play of which C3 Metals holds 20,700 hectares. True greenfields discoveries in this day and age are very rare. We now have two highly prospective targets to evaluate within our Arthurs Seat project. We believe the underexplored nature of our Jamaican projects and the 25 km strike potential of the CRF District represents a compelling opportunity for the Company. Drill permit applications have been filed and are expected to be received in the near term. As soon as the permits for Arthurs Seat drilling are in hand, we intend to commence testing these exciting discoveries."

Exploration Update

The Arthurs Seat project is situated over the regionally significant CRF District, a major mineralizing structure that bisects the island of Jamaica. Very little exploration has been carried out at Arthurs Seat with many areas having never been subject to field mapping and evaluation. Arthurs Seat is contiguous to the highly prospective Bellas Gate project, where C3 Metals is currently undertaking a 5,000-metre diamond drill program and recently announced an intersection of 309.0m at 0.44% Cu and 0.33 g/t Au in the upper portion of the first drill hole of the program (see press release dated September 12, 2022).

C3 Metals' exploration activities continue to identify copper, gold and silver mineral occurrences throughout the Arthurs Seat project. The anomalous geochemical copper-gold-silver footprint has now been expanded to 7 km x 4 km (Figure 1), covering both Brandon Hill through to Crofts Hill. Although various mineralization styles have been identified, an important vein / breccia discovery at Crofts Hill confirms potential for a large-scale and well-preserved epithermal gold vein system.

Epithermal Vein Discovery (Crofts Hill)

The extensive field of intermediate sulfidation epithermal veins and breccia zones up to 25m wide is similar to the Pueblo Viejo epithermal gold-silver deposit in the Dominican Republic with Arthurs Seat epithermal veins are hosted in volcanic and volcaniclastic rocks of Cretaceous Age. Pueblo Viejo has reserves and resources that include proven and probable gold reserves of 5.7 million ounces; measured and indicated gold resources of 15.0 million ounces; and, inferred gold resources of 2.2 million ounces (Source https://mininglifeonline.net/company-article/pueblo-viejo/10531).

Exploration activities undertaken thus far by C3 Metals have consisted of reconnaissance geologic mapping, ridge and spur soil sampling, the collection of representative rock chip and grab samples from different vein styles and spectrometer analyses. Mapping has outlined mineralized quartz veins and breccias over a 3 km x 2 km area at Crofts Hill. Assays have been received for 137 rock chip samples collected at Crofts Hill, with over 30% assaying highly anomalous gold and up to 14.2 g/t Au and 5.2% Cu (Figure 2).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2661/136911_fig1a.jpg

Figure 1: Arthurs Seat geology map showing copper geochemistry, anomalous zone is 7 km x 4 km.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2661/136911_fig1.jpg

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_002.jpg

Figure 2: Rock chip samples from epithermal vein swarm at Crofts Hill area (Top Left) Vuggy quartz vein sample 768757 assayed 5.5 g/t Au. (Top Right) quartz breccia sample 768744 assayed 1.5 g/t Au. (Bottom Left) Vuggy quartz vein sample 768739 assayed 14.2 g/t Au. (Bottom Right) Banded quartz vein sample 768808 assayed 0.81 g/t Au and 5.2% Cu.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_002full.jpg

Copper-Silver Zone (Brandon Hill)

The Company continues to discover significant zones of copper mineralization at the Brandon Hill area, comprising secondary copper species (malachite, azurite, brochantite, cuprite and native copper) occurring in conglomerate, volcanic and volcaniclastic rocks. Ridge and spur soil sampling was recently completed over the entire Brandon Hill area and partial assays have outlined a copper in soil anomaly measuring 2.5 km x 1.2 km (Figure 3). Follow-up field mapping in an area of high copper in soils (up to 2780ppm Cu) identified significant secondary copper (brochantite) mineralization in a basalt (Figure 3), assays pending.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_003.jpg

Figure 3: (Left) Significant secondary copper (brochantite) mineralization developed in an amygdaloidal basalt (Right) well-developed malachite on fracture faces in a basalt.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/2661/136911_1d2e4c3464bc99c7_003full.jpg

QP Statement

Stephen Hughes, P.Geo. is Vice President Exploration and a Director for C3 Metals and is a Qualified Person as defined by National Instrument 43-101. Mr. Hughes has reviewed the technical information in this news release and approves the written disclosure contained herein.

For additional information, contact:

Dan Symons
President & CEO
+1 416 716 6466
dsymons@c3metals.com

ABOUT C3 Metals Inc.

C3 Metals Inc. is a junior minerals exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company's holds the Jasperoide project is located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru and covers 27,200 hectares. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). C3 Metals also holds a 100% interest in five licenses covering 20,700 hectares of highly prospective copper-gold terrain within the CRF District of Jamaica, where mining history dates to the 1500s and 1800s when Spanish and British mining companies targeted high grade copper in veins. The Company also holds a 2% royalty in Tocvan's Rogers Creek project.

Related Link: www.c3metals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Technical Program

C3 Metals adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.

Samples are analysed by 4-Acid digest ICP-MS finish for 63 elements, including pathfinder REE elements with pulps from samples reporting greater than 1.0% copper being re-assayed by the ore grade method. Gold is analysed by 30g Fire Assay AAS finish, with pulps from samples reporting greater than 5ppm re-assayed by 1kg Screen Fire Assay. The Company inserts blanks and certified reference standards in the sample sequence for quality control.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/136911

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CCCM:CA
C3 Metals Intersects 309.0 Metres at 0.44% Copper and 0.33 g/t Gold in First Assays from Bellas Gate Project, Jamaica

C3 Metals Intersects 309.0 Metres at 0.44% Copper and 0.33 g/t Gold in First Assays from Bellas Gate Project, Jamaica

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce it has intersected 309 metres at 0.44% Cu and 0.33 gt Au beginning 15 metres down hole. This result is from 330 metres of a 703 metre drill hole at the Company's 100% owned Bellas Gate Project in Jamaica. Two additional holes have been completed at the Epidote Ridge target (assays pending) within Bellas Gate. The total program is anticipated to be 5,000 metres. Bellas Gate, as well as C3 Metals' other projects in Jamaica, sit within the highly prospective Crawle River-Rio Minho Fault Porphyry and Epithermal District ("CRF District").

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C3 Metals Intersects 2.79% Copper and 0.59 g/t Gold over 21 Metres, Extending Jasperoide Project, Peru

C3 Metals Intersects 2.79% Copper and 0.59 g/t Gold over 21 Metres, Extending Jasperoide Project, Peru

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce further outstanding results from its Phase 2 drilling program at the Jasperoide copper-gold skarnporphyry project in Peru. The recently completed Phase 2 drill program comprising a total 6,811m in 20 drill holes has delineated a near surface, high-grade oxide copper-gold deposit at the Montaña de Cobre Zone ("MCZ") and tested copper-sulphide mineralization at the nearby Cresta Verde Zone ("CVZ").

Phase 2 Drilling Program Highlights:

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C3 Metals Appoints Dan Symons President, CEO and Director

C3 Metals Appoints Dan Symons President, CEO and Director

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce the appointment of Dan Symons to the position of President and Chief Executive Officer of the Company effective September 6, 2022. Simultaneous with this appointment Mr. Symons will also join C3 Metals' Board as a Director.

Dan Symons brings over 15 years of mining industry related experience in business development, corporate development and investor relations with a number of highly successful junior-mid tier growth companies. Mr. Symons joins C3 Metals from Argonaut Gold where he most recently held the position of Vice President - Corporate Development and Investor Relations. Prior to this he was a key member of the Romarco Minerals Inc. executive management team in the role of Vice President, Business Development and Investor Relations. Mr. Symons has been actively involved in multiple M&A transactions totalling over $800 million and equity and debt financings totalling over $650 million and $500 million, respectively. Mr. Symons commenced his career with Renmark Financial Communications, a leading North American IR firm, and is an active member of the Canadian Investor Relations Institute. Mr. Symons holds an Honours B.A. from Concordia University in Montreal.

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C3 Metals Secures 272 sq km Land Package Around Jasperoide, Peru

C3 Metals Secures 272 sq km Land Package Around Jasperoide, Peru

Consolidates Strategic Position in Major Copper Producing District

C3 Metals Inc. (TSXV: CCCM) (OTCQB: CUAUF) ("C3 Metals" or the "Company") is pleased to announce that it has significantly expanded its land holdings around its highly prospective Jasperoide project in the world class Andahuaylas-Yauri skarnporphyry copper belt of southern Peru. The Company and its subsidiaries now control a total of 272 sq km (27,198 hectares) comprising 100% of 49 claims covering 267 sq km (26,698 hectares) and the right to earn 100% in two additional third-party claims covering 5 sq km (500 hectares).

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C3 Metals Announces Board and Management Changes

C3 Metals Announces Board and Management Changes

C3 Metals Inc. (TSXV: CCCM) ("C3 Metals" or the "Company") wishes to advise that for personal reasons, Kevin Tomlinson is stepping down from his role as President and CEO. He will also resign as a director of the Company, effective June 30, 2022. Mr. Tony Manini, current Chairman of C3 Metals will take up the role of Executive Chairman to lead the Company through to the appointment of a new CEO. Mr. Tomlinson will assist in the orderly transition of duties as required.

Drilling on the Company's exciting copper-gold exploration projects in Peru and Jamaica is continuing in full swing under the leadership of VP-Exploration, Stephen Hughes.

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EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP METALS ACQUIRES THIRD WELLBORE AT MANSUR FOR LITHIUM TESTING

EMP Metals Corp. (CSE: EMPS) (OTC: EMPPF) ("EMP Metals" or the "Company ") is pleased to announce that Hub City Lithium Corp. (" HCL "), a subsidiary company to EMP, has acquired an additional wellbore in its Mansur Permit Area.

The new well, 141/08-03-009-13 W2M (" Third Test Well "), is located at the Mansur Permit Area of southeast Saskatchewan and is approximately half a mile from the Company's first test well in the Mansur which confirmed concentrations of up to 96.3 mg/l in the Duperow zone and approximately one and a half miles from the second test well for which results are pending (please see press release dated October 31 , 2022).  The Third Test Well has been acquired for no consideration and the assumption of future abandonment and reclamation costs.

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Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick

Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick

Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), together, (the "Alliance") are happy to report the commencement of the third phase of drilling at the Kraken Lithium Prospect. The Alliance is also extremely pleased to announce a new discovery, the Killick Zone, where surface grab samples graded up to 1.12% Li2O, located 200 m south of the East Dyke Zone (see press release October 18, 2022).

Currently, the Alliance has completed three holes GH-22-25, GH-22-26, and GH-22-27 on the new discovery, intersecting multiple, near-surface, spodumene-bearing dykes. Hole GH-22-25 cut eight pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness, true thickness uncertain at this time), including an 8.8 m interval with visible spodumene in the 11.2 m dyke. Hole GH-22-26, drilled 35 m behind GH-22-25, also cut multiple spodumene-bearing dykes with drilled thicknesses ranging from 0.8 m to 10.5 m. The 10.5 m-thick dyke carried visible spodumene over its entire width. Hole GH-22-27 was drilled 30 m north of holes 25 and 26 along strike and cut two pegmatite dyke zones of 14.2 m and 2.95 m thick. Visual spodumene is present over 12.83 m of the 14.2 m interval and the entire length of the 2.95 m interval.

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Fireweed Announces Lundin Family Leading $27 Million Private Placement

Fireweed Announces Lundin Family Leading $27 Million Private Placement

Fireweed Metals CORP. ("Fireweed" or the "Company") (TSXV: FWZ; OTCQB: FWEDF, formerly known as Fireweed Zinc Ltd.) is pleased to announce a non-brokered private placement (the " Offering ") for gross proceeds of up to CAD$27,523,500. The private placement includes lead orders by members of the Lundin family ("Lundins") and other key shareholders.

Highlights

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Barksdale Reports Initial Resource for San Javier

Barksdale Reports Initial Resource for San Javier

Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) ("Barksdale" or the "Company") is pleased to announce an initial resource estimate at Cerro Verde as part of the San Javier copper-gold project ("San Javier" or the "Project"), located within two hours of Hermosillo in the state of Sonora, Mexico. The resource is pit-constrained and uses a base case of US$4.00lb copper and various cut-off grades according to metallurgical characteristics of the mineralization. The estimate was prepared by Independent Mining Consultants, of Tucson, Arizona ("IMC") based on historic drilling at Cerro Verde between 2006 to 2021 and is effective as of October 31, 2022.

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Stillwater Critical Minerals Files Early Warning Report Regarding its Holdings of Heritage Mining

Stillwater Critical Minerals Files Early Warning Report Regarding its Holdings of Heritage Mining

Stillwater Critical Minerals (formerly Group Ten Metals) (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the "Company" or "SWCM") announces it has filed an Early Warning Report related to its holdings of 3,900,000 common shares of Heritage Mining Ltd. ("Heritage") (CSE: HML) which represents approximately 11.8% of the total issued and outstand shares of Heritage. These shares were issued to Stillwater Critical Minerals as well as a cash payment of $150,000 and completion of $500,000 project work to satisfy first anniversary commitments per the Definitive Earn-In Agreement announced November 29, 2021 with respect to the Drayton-Black Lake gold project in Ontario, Canada

The Heritage shares are held directly by Stillwater Critical Minerals for investment purposes. Additional share payments to Stillwater Critical Minerals are required under the Agreement and SWCM may in the future take such actions in respect of its shares as it deems appropriate in light of the market circumstances then existing including the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers.

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Tartisan Nickel Corp. Closes $1,798,000 Flow-Through Financing at $0.32 per Unit

Tartisan Nickel Corp. Closes $1,798,000 Flow-Through Financing at $0.32 per Unit

Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: A2D) ("Tartisan" or the "Company") is pleased to announce that the Company has closed $1,797,000.00 in flow-through financing. This was comprised of 5,615,625 flow-through units of the Company at the price of $0.32 per unit for an aggregate subscription price of $1,798.000. Each unit comprises one flow-through share and one-half of one warrant. Each full warrant will entitle the holder thereof to acquire one additional common share of the Company exercisable at a price of $0.70 per warrant share for a period of 18 months from the Closing date. A finder's commission of 6% cash and 6% brokers warrants was paid to eligible agents including but not limited to GloRes Securities Limited. The units issued under the flow-through financing are subject to a hold period expiring four months and one day from the closing date.

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