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Faraday Copper Intersects 117.00 Metres at 0.40% Copper Near Surface, Including 23.37 Metres at 0.60% Copper at Old Reliable and Drilling Success Continues at Area 51
VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / Faraday Copper Corp. (" Faraday " or the " Company...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Intersects 117.00 Metres at 0.40% Copper Near Surface, Including 23.37 Metres at 0.60% Copper at Old Reliable and Drilling Success Continues at Area 51VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of four drill holes from its Phase III program at the Copper Creek Project, located in Arizona, U.S. (\"Copper Creek\"). One hole was drilled at Old Reliable to test resource expansion potential. Three holes were drilled at Area 51 as a follow-up to the recent Starship and Eclipse breccia discoveries (announced on January 16, 2024 and March 4, 2024).Paul Harbidge, President and CEO, commented \"It is great to see our Phase III drill program delivering on our objectives of adding mineral inventory near the existing resource and making new discoveries in the district. Specifically, drilling at Old Reliable has confirmed that the mineralization remains open at depth. At Area 51, drill hole FCD-24-048 at the Eclipse breccia adds to the previous successes by expanding the known mineralization and drill hole FCD-24-049 has identified elevated gold grades at the Starship breccia\".HighlightsAt Old Reliable, intersected 23.37 metres (\"m\") at 0.60% copper, 0.0242% molybdenum and 2.92 grams per tonne (\"g/t\") silver from 276.81 m in drill hole FCD-24-052. This intercept is within a longer intercept of 117.00 m at 0.40 % copper, 0.0285% molybdenum and 1.72 g/t silver from 222.46 m.This intercept at Old Reliable is outside the open pit Mineral Resource Estimate (\"MRE\") and confirms that the breccia-hosted mineralization is open at depth.At Area 51, intersected 43.24 m at 0.35% copper and 0.83 g/t silver from 65.23 m in drill hole FCD-24-048 at the recently discovered Eclipse breccia. This hole expands the known mineralization of the breccia.Demonstrated the potential for elevated gold grades at the Starship breccia with 0.22 g/t gold, 1.86 g/t silver and 0.12% copper over 18.52 m from 113.24 m in drill hole FCD-24-049. This intercept contains the highest gold:copper ratio on the project to date.(For true width information see Table 1.)Old Reliable was the site of small-scale underground mining for copper and molybdenum prior to World War II. Starting in the 1970s, an experimental in-situ leach operation recovered some...