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C3 Metals ( (TSE:CCCM) ) has shared an update.
C3 Metals has reported encouraging results from the second drill hole at its Khaleesi copper project in southern Peru, intersecting 51.1 metres grading 0.54% copper and 0.31 g/t gold (0.86% CuEq), including a higher-grade core of 18.0 metres at 1.08% copper and 0.76 g/t gold (1.85% CuEq). The hole, designed to test the southwest extension of mineralization discovered in the first drill hole and underlying geophysical anomalies, has revealed a new porphyry-style copper-gold mineralization overprinting garnet skarn at approximately 250 metres vertical depth, featuring minerals such as chalcocite, bornite, chalcopyrite and visible gold. Together with the earlier hole, the results indicate telescoping and multiple copper-mineralizing events in a broader hydrothermal system, which management believes could help vector drilling toward the central “heat engine” intrusion, potentially enhancing the project’s exploration upside and strategic significance within the copper-gold exploration space.
The most recent analyst rating on (TSE:CCCM) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on C3 Metals stock, see the TSE:CCCM Stock Forecast page.
Spark’s Take on TSE:CCCM Stock
According to Spark, TipRanks’ AI Analyst, TSE:CCCM is a Neutral.
The score is held down primarily by weak financial performance (ongoing losses and consistent negative free cash flow), with only partial offset from a debt-free, better-capitalized balance sheet. Technicals are neutral-to-soft, valuation support is limited due to negative earnings and no dividend, while recent positive exploration events provide a modest uplift.
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 copper and gold, with assets including its 100%-owned Khaleesi copper project in southern Peru. The company targets large-scale copper-gold systems in prospective geological terrains, aiming to delineate economically viable resources through early-stage, greenfield exploration drilling programs.
Average Trading Volume: 53,475
Technical Sentiment Signal: Buy
Current Market Cap: C$128.9M
For an in-depth examination of CCCM stock, go to TipRanks’ Overview page.