12:44 PM EDT, 05/15/2024 (MT Newswires) -- C3 Metals ( CUAUF ) said Wednesday it intersected 79 meters at 0.71% copper and 0.49 g/t gold from 128 meters at its Connors porphyry prospect in its Bellas Gate project in Jamaica.

The result included 46 meters at 0.95% copper and 0.69 grams per tonne of gold, the company said.

Many targets remain to be tested. The company is continuing systematic exploration aimed at defining economic tonnages of mineralization.

The company said drill hole CON9325-002 was collared at the Connors copper-gold porphyry prospect at the Bellas Gate project. It was designed to test below drill hole CON9325-001. The hole intersected 309 meters at 0.44% copper and 0.33 g/t gold from 15 meters.

The result along with recent intercepts from Provost and Camel Hill, confirmed the potential for high-grade copper-gold mineralization within the porphyry systems at Bellas Gate.

Additionally, C3 Metals ( CUAUF ) noted that Barrick Gold (ABX.TO). recently signed an agreement with Geophysx Jamaica to earn up to 80% in certain mineral concessions that essentially surround C3 Metals' ( CUAUF ) 100% owned 17,855 hectares and its 50% owned 9,870-hectare Super Block.

Further, the company said it has initiated trenching and channel sampling at its 100%-owned Arthurs Seat project and its 50%-owned Super Block project.

The company's shares were last seen up C$0.005 to C$0.38 on the TSX Venture Exchange.

Price: 0.38, Change: +0.01, Percent Change: +1.33