Resource News

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).

Highlights include:

  • Land holdings 5x larger - 51 claims covering 272 sq km in major copper producing district
  • Package surrounded by major mining companies including Rio Tinto and HudBay
  • Contiguous block between Jasperoide and Khaleesi copper-gold properties secured
  • Khaleesi project comprises 4 sq km of artisanal workings that have never been evaluated - permitting for exploration in progress
  • Expanded land package covers at least six areas of small-scale copper and gold mining operations that have never been evaluated using modern day exploration methods

Tony Manini, Executive Chairman of C3 Metals commented,

"Through a disciplined acquisition strategy over the past three years, the Company now controls a significant near surface copper and gold oxide deposit at Jasperoide surrounded by a pipeline of similar high potential copper and copper-gold targets in a world class copper mining district. As we continue to expand and evaluate mining and processing opportunities for Jasperoide we have also commenced permitting to explore the multiple nearby high potential copper-gold prospects. Consolidating this large land position significantly enhances C3 Metals ambition of delivering a new +50Ktpa copper mining opportunity in Peru and we look forward to providing further updates as we progress our exploration and evaluation of this highly prospective land package."

Over the past year C3 Metals has been working to expand its land holdings around the Company's highly prospective Jasperoide Copper-Gold Property in southern Peru. Through staking, tenders and property purchases, the Company has established a contiguous exploration footprint in key areas of interest around Jasperoide and consolidated a significant land package over this section of the Andahuaylas-Yauri skarn / porphyry belt. The Company's land holdings have increased almost five-fold from an initial ~57 sq km (5,700 hectares) in 13 claims (see press release dated February 25, 2020) to 272 sq km (27,198 hectares) in 53 claims (Table 1).

Table 1. C3 Metals Mineral Claims Summary

Mineral Claims StatusClaimsArea (ha)Area (km2)
Concessions Granted (1)2915,198152
Concessions Under Process2212,000120
Total5127,198272

 

(1) Includes Greatiam 10 and Greatiam 70 claims

The Jasperoide Project Area is located within the Andahuaylas-Yauri skarn/porphyry belt approximately 45km east of Minmetal's Las Bambas mine (1.2BT @ 0.61% Cu 166 197 ppm Mo1) and First Quantum Minerals undeveloped Haquira deposit (569 MT @ 0.56% Cu2), 40 km northwest of Hudbay's Constancia mine (568MT @ 0.32% Cu, 96ppm Mo3) and 100 km northwest of Glencore's Antapaccay mine (685MT @ 0.50% Cu, 0.1 g/t Au4). Historical exploration in the Jasperoide Project Area has identified multiple compelling porphyry, skarn and epithermal targets that have seen limited exploration over the last 30 years.

1 MMG Limited Mineral Resources and Ore Reserves Statement June 30, 2019
2 First Quantum Minerals Annual Information Form 2019
3 Hudbay Mineral Reserves as of January 1, 2019
4 Glencore Mineral Reserve Estimates December 31, 2018

The Company looks forward to building strong and respectful relationships with all local communities, as it progresses permit applications to initiate exploration activities on the newly acquired claims.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/2661/130211_43531f4324f269e5_001.jpg

Figure 1: Location plan showing C3 Metals exploration holdings in southern Peru.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/2661/130211_43531f4324f269e5_001full.jpg

For additional information, contact:

Tony Manini
Executive Chairman
tmanini@c3metals.com

Stephen Hughes
Vice President Exploration
+1 647 517 4574
shughes@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 flagship project is the Jasperoide high-grade copper-gold skarn and porphyry system located in the prolific Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, holding 100% ownership of 49 claims covering 26,698 hectares and the right to earn 100% in the Greatiam 10 and 70 claims covering 500 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 207 sq km of highly prospective copper-gold terrain in Jamaica and 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.

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.

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/130211

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C3 Metals Discovers Large-Scale Epithermal Gold-Copper Vein System at Arthurs Seat, Jamaica

C3 Metals Discovers Large-Scale Epithermal Gold-Copper Vein System at Arthurs Seat, Jamaica

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.

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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 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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Forte Minerals Appoints New Independent Director

Forte Minerals Appoints New Independent Director

Forte Minerals Corp. ("Forte" or the "Company") (CSE: CUAU) (OTQB: FOMNF) ( Frankfurt : 2OA ) is pleased to announce the appointment of Mr. Richard Leveille to the Company's board of directors, bringing it to a total of five members.

CSE: CUAU (CNW Group/Forte Minerals Corp.)

Mr. Richard Leveille has an accomplished career that spans over forty years. He attended the University of Utah , graduated with a B.Sc. in Geology, and later completed his Master's in Geology from the University of Alaska.

His work experience progressed through companies such as AMAX, Kennecott, Rio Tinto, and Phelps Dodge . Notably, Mr. Leveille was also the Senior Vice President of Exploration for Freeport Copper & Gold, where he managed the team that helped add significant copper to reserves and made the Chukarui Peki discovery in Serbia, which shared the 2016 PDAC Thayer Lindsley International Mineral Discovery Award.

Since his retirement at Freeport in 2017, Mr. Richard Leveille has been working as a Consulting Geologist focusing on mineral exploration projects in Australia , South America , and the United States .

Forte is pleased to welcome Mr. Richard Leveille to the team. " Richard is a great addition and brings extensive mining industry expertise to the Company. We believe we've established a well-rounded group of professional board members and look forward to utilizing everyone's knowledge to generate shareholder value," said Patrick Elliott , President & CEO.

The Company has granted Mr. Richard Leveille 250,000 stock options with an exercise price of $0.20 , exercisable for five years.

ABOUT Forte Minerals CORP

The Company is committed to maximizing shareholder value through acquiring, exploring, discovering, and developing copper and gold projects in Perú. Moving rapidly along the line of opportunity towards a value maxima is very attractive to investors. Significant value growth is generated when early-stage exploration moves towards resource definition while zoning in on target development and eliminating the early-stage grassroots risk. All three of Forte's properties offer this opportunity, with tremendous upside considering their geological potential.

On behalf of Forte Minerals CORP.

(signed) " Patrick Elliott "
Chief Executive Officer

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions, including the effects of COVID-19. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.

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

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/forte-minerals-appoints-new-independent-director-301692177.html

SOURCE Forte Minerals Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2022/02/c0073.html

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Noble Mineral Closes Non-Brokered Private Placement

Noble Mineral Closes Non-Brokered Private Placement

(TheNewswire)

Noble Mineral Exploration Inc.

Toronto, Ontario TheNewswire - December 2, 2022 Noble Mineral Exploration Inc. ( "Noble" or the "Company" ) (TSXV:NOB ) ( FRANKFURT:NB7 ) ( OTC:NLPXF) is pleased to announce the closing of its previously announced (see the news release dated November 15, 2022) non-brokered private placement (the " Private Placement ") whereby it raised gross proceeds of $562,500 (before fees and expenses) through the issuance of 6,250,000 flow-through common share units (" FT Units ") priced at $0.09 per unit. Each FT Unit was comprised of one common share issued as a "flow-through share" as defined in the Income Tax Act (Canada) and designated as a flow-through common share (" FT Share ") and one-half non-flow-through common share purchase warrant, each full warrant being exercisable for three years for one common share in the capital of the Company at an exercise price of $0.11 per common share.

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FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

FPX Nickel Closes $12 Million Equity Investment From New Corporate Strategic Investor

/THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES ./

FPX Nickel Corp. (TSXV: FPX), (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce that it has closed the private placement financing (the " Private Placement ") with a new corporate strategic investor (the " Strategic Investor "), as previously announced in the Company's November 29, 2022 news release.

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Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures") the Company has elected to issue 10,172 common shares in the capital of the Company ("Common Shares") at a deemed price of US$10.28 (C$13.80) to Queen's Road Capital as payment for US$104,568 (C$140,304) in interest owing on the Convertible Debentures.

Under the terms of the Convertible Debentures, interest is payable quarterly, five per cent in cash and three per cent in shares, at the greater of: (i) the 20-day volume weighted average price prior to the interest payment date; or (ii) the Discounted Market Price (as such term is defined in the policies of the TSX Venture Exchange (the "TSX-V")).

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StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports significant mineralization in drill core that resembles surface rock samples having returned high values greater than 1% nickel equivalent (NiEq) and 0.5% vanadium pentoxide. Approximately 1,000m of well-preserved stored core from a 1996 drill program completed by BHP at Nagvaak was logged in detail with a focus on identifying mineralized intervals for energy transition metals. The previous drill program by BHP focused on exploring for zinc mineralization outlined by a gravity anomaly and multiple EM conductors central to the Nagvaak target area. The Company's exploration program confirmed the location of the BHP drillhole collars and incorporated the drill holes and recently completed ground geophysical survey results into a sectional interpretation (see news release dated October 14th, 2022). Utilizing a handheld XRF spectrometer, the StrategX exploration team identified mineralized zones anomalous in nickel, vanadium, cobalt, copper, molybdenum, and silver. A total of 354 drill core samples were taken and sent to SRC laboratory for assaying.

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Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Sokoman and Benton Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland

Channel sampling at the Hydra Zone returns up to 13.57% Cs2O

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce that recent channel sampling at the cesium dyke prospect has confirmed a potentially significant high-grade cesium discovery dubbed the Hydra Zone, on the Golden Hope Project in southwestern Newfoundland

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