C3 Metals "cashed up and ready to go" after $8M placing

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[{"type":"text","content":"C3 Metals \"cashed up and ready to go\" after $8M placing\n \n \n (NewsDirect)\n \n \n \n \n C3 Metals Inc (TSX-V:CCCM, OTC:CARCF) CEO\nDan Symons speaks to Thomas Warner from Proactive about the\ncopper-gold explorer's company's progress at the Bellas Gate\nProject in Jamaica.\n \n \n Symons explains\nthat C3 Metals is currently operating two drill rigs, including a\nman-portable rig purchased from Indonesia, which has impressively\nexceeded its depth capability by nearly 50%. Additionally, they have a\nlarger capacity contract rig for deeper drilling.\n \n \n The company recently announced significant\nfindings from the Bellas Gate project in Jamaica, particularly at the\nPorphyry deposit named Provost. They discovered a 281-meter section\nwith 0.5% copper equivalent, with the grade improving at greater\ndepths. The last 62 meters showed a 0.77% copper equivalent, marking a\n25% increase.\n \n \n This exploration\nrevealed different layers of the Porphyry system, including a\ntransition from a pyrite shell to a chalcopyrite zone, and finally to\na bornite zone, which is particularly notable for its high temperature\nand superior copper and gold grades.\n \n \n C3 Metals plans to continue drilling with their larger rig to\nexplore deeper into the system, aiming to uncover higher-grade cores.\nThe company also successfully raised funds, securing $8mln Canadian\ndespite a challenging market for junior explorers.\n \n \n This\nfinancial boost aims to support an ambitious drilling program of\n20,000 meters in 2024, expanding from the 8,500 meters drilled this\nyear.\n \n \n \n Contact Details\n \n \n \n Proactive USA\n \n \n +1\n347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2235,"tagName":"div"}]

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