C3 Metals Inc. announced it has received assays for the final 130.7m of drill hole PVT0900-002. Assays for the first 350.0m were reported on September 12, 2023. Drill hole PVT0900-002 intersected 390.7m at 0.37% copper and 0.19 g/t gold (0.50% CuEq1) from 64.1m, including 279.5m at 0.43% copper and 0.24 g/t gold (0.60% CuEq1).

This is the broadest interval of copper-gold mineralization reported to date at the Company's 100% owned Bellas Gate project in Jamaica. Ongoing drilling will continue evaluating a cluster of discrete high priority porphyry copper-gold targets. C3 Metals is drill testing both the strike and depth potential of these porphyry targets with two goals: adding potential near-surface mineralized material tonnage and locating the bornite-rich potassic altered higher-grade core found in most economic porphyry systems. These targets are defined by coincident alteration, geochemistry and geophysics anomalies along the two parallel Camel and Connors porphyry belts at the Bellas Gate project.

Approximately 2,500m of a fully funded 8,500m drill program has been completed to date. Drilling Highlights: Longest interval of copper-gold mineralization ever intersected at the Bellas Gate project. 390.7m at 0.37% copper and 0.19 g/t gold (0.50% CuEq1) from 64.1m, including 279.5m at 0.43% copper and 0.24 g/t gold (0.60% CuEq1) intersected in drill hole PVT0900-002.

PVT0900-002 terminated in highly altered diorite and andesite cut by pyrite - magnetite ± chalcopyrite ± molybdenite in veins, with an intense anhydrite overprint. Drill holes PVT0900-003 (418.6m) and CMH8350-001 (662.0m) completed - assays pending. Two additional drill holes are well advanced.

Multi-phase system - Porphyry style alteration and mineralization is overprinted or telescoped by intermediate and high-sulphidation epithermal copper-gold mineralization. Drilling at the Provost porphyry target confirms a telescoped, almost fully intact, and non-eroded porphyry copper-gold system. This system is interpreted to be spatially associated with a larger porphyry system at depth, as illustrated in cross section.

Mineralization comprises chalcopyrite and pyrite in strongly phyllic to potassic altered diorite and andesite volcaniclastics. Pervasive anhydrite alteration is observed at approximately 400m depth, as veins and infill, locally associated with chalcopyrite mineralization. The presence of strong anhydrite alteration and the multi-phase overprinting of epithermal veins telescoped onto an existing porphyry are positive indicators.

Drill results continue to support the interpretation of a well-developed and fertile hydrothermal system. C3 Metals will continue to explore for bornite-rich copper mineralization that is commonly central to most porphyry systems. Next Steps: Recent and historical drilling at Provost confirms porphyry and epithermal copper-gold mineralization is open in most directions. C3 Metals owns a man-portable drill rig that is currently stepping out along strike and at depth at Provost.

Based on surface geologic mapping, historical and recent drilling results, the Provost porphyry target currently measures 1,500m in length, averages 350m in width, and has a confirmed depth extent of at least 400m. Planned drilling at Provost is designed to systematically test along strike of this coincident geology, geophysics and geochemical anomaly. The larger capacity contract drill rig is currently drilling approximately 3.5km southeast of Provost at the Camel Hill porphyry target.

The Camel Hill porphyry target currently measures 1,800m in length and 1,000m in width and is defined by a coincident geology, geophysics and geochemical anomaly. The first hole was planned to a depth of 450m but was extended to 662m due to the presence of strong pyrite, lesser chalcopyrite and favorable porphyry-style alteration below the original target depth (assays pending). A second hole is currently in progress with a target depth of approximately 500m.

These holes provide structural, geochemical, alteration and mineralization data to aid in targeting the bornite-rich potassic altered core found in most economic porphyry systems. Four deep holes (700m - 1,000m) are currently planned along the Camel and Connors porphyry belts. The Company looks forward to providing further updates as drilling progresses and anticipates a steady flow of assay results.