Company main product (Gold) Price Headed To The Moon

on 06 feb 2025: C3 Metals Announces Significant Gold Results at Super Block Project in Jamaica, Adjacent to Barrick Gold's Mineral Concessions

Here are the key points:

1. Significant Gold Results: C3 Metals reports significant gold results from soil and channel sampling campaigns at its 50%-owned Super Block project in Jamaica.

2. Project Overview: The Super Block project comprises 9,870 hectares and is located near C3 Metals' 100%-owned Arthurs Seat and Bellas Gate projects.

3. Barrick Gold's Interest: The project is surrounded by mineral concessions in which Barrick Gold has the right to earn an 80% joint-venture interest.

4. Gold Geochemistry: Recent sampling confirms strong gold geochemistry along trend and of similar intensity to the former Pennants Gold Mine.

5. Historical Production: The former Pennants Gold Mine operated as an open pit between 2002 and 2004, producing approximately 16,000 gold ounces.

6. Drill Program Planned: A first-pass 2,500m diamond drilling program is planned to commence late Q1 to early Q2 2025.

see the Full report:

is pleased to announce significant gold results from its soil and channel sampling campaigns at its 50%-owned Super Block project in Jamaica. C3 Metals is the operator of the project, a 50/50 joint venture with Geophysx Jamaica Limited ("Geophysx"); see press release dated March 1, 2024.

The Super Block project comprises 9,870 hectares and is located west of C3 Metals' 100%-owned Arthurs Seat and Bellas Gate projects. The project is surrounded by mineral concessions in which Barrick Gold (GOLD) has the right to earn an 80% joint-venture interest with Geophysx (Figure 1). Recently completed closely spaced soil and channel sampling at Super Block confirms strong gold geochemistry along trend and of similar intensity to the former Pennants Gold Mine.

The former Pennants Gold Mine operated as an open pit between 2002 and 2004. Estimated production was approximately 16,000 gold ounces (Source: Jamaica Mines and Geology Division). Pennants reported a non-compliant NI 43-101 historical mineral resource of 75,500 tonnes at 20.4 g/t gold1,2. Historical high-grade drill intersections3 from Pennants included (drill results are historical in nature and have not been independently confirmed):

• 1.7m at 430.0 g/t gold;
• 3.8m at 56.4 g/t gold;
• 4.6m at 25.6 g/t gold;
• 9.2m at 18.4 g/t gold; and
• 3.1m at 17.0 g/t gold.

Dan Symons, President and CEO, stated, "Recent geochemical sampling across the Super Block project identified highly anomalous gold geochemistry over a +5km strike to the northwest and southeast of the former, high-grade Pennants Gold Mine. For reference, any gold in soil sample that returns at or above 0.04 g/t gold or higher is considered anomalous. Tightly spaced soil lines identified multiple zones of anomalous gold geochemistry. The best lines averaged 0.41 g/t gold over 60m and 0.20 g/t gold over 103m. The soil results are consistent with the gold in soil geochemistry over the former, high-grade Pennants Mine, which reported a historical resource at 20.4 g/t gold. We are now finalizing the design of a diamond drill program to systematically test the highly anomalous gold zones."

Super Block Project Surface Sampling Highlights:

• Anomalous gold in rocks and soils at the Super Block project are directly associated with radiometric (potassium) anomalies (Figure 2).

• Surface sampling extends the trend of gold mineralization to +5,000m and remains open in both directions along strike.

• At the Pennants East Zone prospect ("PEZ"), gold is highly anomalous in soils and coincides with a 1,500m east-west trending radiometric (potassium) anomaly.

• Best soil line results are 60m averaging 0.41 g/t gold and 103m averaging 0.20g/t gold with samples collected at 5m intervals. For reference, gold in soil assays above 0.04 g/t gold are considered anomalous.

• At the Donkey Hill Zone prospect ("DHZ"), highly anomalous gold is in weathered bedrock. It coincides with a 550m by 150m northwest-southeast trending radiometric (potassium) anomaly.

• Best channel sample result is 10m averaging 0.41 g/t gold, a combination of highly weathered rock and soil.

• A first pass 2,500m diamond drilling program is planned to commence late Q1 to early Q2 2025.

On Feb 5 we have this below report

• Barrick Gold Corporation stock is a strong investment due to anticipated gold price increases driven by rising inflation and economic uncertainties.
• Gold's value is resilient against inflation, with macro indicators suggesting prices may exceed $2800 per ounce.
• Economic uncertainties, including inflation, tariffs, and trade tensions, are likely to drive gold prices higher.
• Central banks' increased gold reserves support strong demand, further bolstering gold prices and Barrick Gold's competitive edge.

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