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C3 Metals ( (TSE:CCCM) ) has shared an update.
C3 Metals Inc. has commenced a 14-hole, 2,500-meter diamond drilling program at its Super Block Project in Jamaica, a joint venture with Geophysx Jamaica Limited. The project aims to explore multiple epithermal gold targets over a 5km strike, including the historically productive Pennants Gold Mine. The company is optimistic about the potential for discovering multiple low to intermediate sulfidation systems, with the possibility of expanding the drilling program based on initial results.
Spark’s Take on TSE:CCCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCCM is a Neutral.
C3 Metals’ stock score reflects significant financial difficulties and negative cash flow, countered by promising corporate events that could enhance its exploration capabilities. Despite technical indicators suggesting a positive trend, the negative valuation metrics weigh heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:CCCM stock, click here.
More about C3 Metals
C3 Metals Inc. is a mineral exploration company focused on discovering and developing large copper and gold deposits. The company holds significant land in Southern Peru’s Andahuaylas-Yauri Porphyry-Skarn belt, with mineralization similar to major mining operations nearby. C3 Metals has identified numerous skarn prospects and a porphyry system in this region.
Average Trading Volume: 24,427
Technical Sentiment Signal: Buy
Current Market Cap: C$58.93M
Learn more about CCCM stock on TipRanks’ Stock Analysis page.