Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”) (TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results of 23 drill holes from its Phase IV drill program at the Copper Creek Project, located in Arizona (“Copper Creek”). Eight holes were drilled near Copper Giant and targeted near-surface copper mineralization; five holes were drilled in the American Eagle area targeting near-surface mineralization and one previously undrilled breccia trend; three holes were drilled in the Old Reliable area targeting structural trends west and north of the known mineralization; six holes were drilled near Mammoth and Childs Aldwinkle and had infill and geotechnical objectives; and one hydrogeological hole was drilled in the southern part of the property, near the Sunrise trend (Figure 1).
Paul Harbidge, President and CEO, commented, “These results from our Phase IV drill program continue to support the potential to expand near-surface mineralization at Copper Creek. This is highlighted by intercepts at the American Eagle area, including mineralization in a previously undrilled breccia and porphyry trend. Additionally, the copper oxide mineralization intersected east of Copper Giant further supports the potential for additional near-surface oxide resources, which could enhance the opportunity for future copper cathode production. With resource definition drilling now complete, we will incorporate these results into our next mineral resource update planned for next year.”
Highlights
- Intersected near-surface mineralization in 14 drill holes, expanding both oxide and sulphide mineralization.
- Four drill holes at American Eagle intersected chalcocite and chalcopyrite mineralization, including:
- 19.00 metres (“m”) at 0.55% copper from 42.00 m in drill hole FCD-26-192 in a previously undrilled breccia and porphyry trend 350 m south of the American Eagle breccia, highlighting potential for resource expansion.
- 20.00 m at 0.52% copper from 149.00 m in drill hole FCD-26-184 and 31.00 m at 0.25% copper from 28.00 m in drill hole FCD-26-183. Both holes were drilled at a shallow angle and identified mineralization above the high-grade Banjo breccia.
- Four shallow drill holes east of the Copper Giant breccia define an extensive area of near-surface oxide mineralization, with intercept lengths ranging between ~50 m and ~100 m.
- Additional mineralized intercepts in infill holes include 14.33 m at 0.56% copper from surface in FCD-26-185 near the Pole breccia and 40.00 m at 0.32% copper from 20.00 m in hole FCD-26-163 north of Childs Aldwinkle.
(For true width information see Table 1)
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