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Faraday Copper Intersects 45.89 Metres at 1.68% Copper, 0.33 g/t Gold and 5.55 g/t Silver Near Surface
VANCOUVER, BC / ACCESSWIRE / May 16, 2023 / Faraday Copper Corp. (" Faraday " or the " Company "...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Intersects 45.89 Metres at 1.68% Copper, 0.33 g/t Gold and 5.55 g/t Silver Near SurfaceVANCOUVER, BC / ACCESSWIRE / May 16, 2023 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results from six drill holes at its Copper Creek Project, located in Arizona, U.S. (\"Copper Creek\").Paul Harbidge, President and CEO, commented \"The continued success of our Phase II drill program confirms our view that there is significant upside to the open pit and underground resource utilized as the basis for the PEA. In particular, drill hole FCD-23-023 returned high copper grades and enrichment in gold. This highlights the potential to add gold credits to the current resource through both future drilling and our ongoing assaying of historical core and pulps that were not analyzed in the past. We look forward to providing updates as we progress.\"HighlightsIntersected 45.89 metres (\"m\") at 1.68% copper, 0.33 g/t gold, 5.55 g/t silver and 0.028% molybdenum from 184.72 m at the Childs Aldwinkle breccia complexin drill hole FCD-22-023 (Figures 1 and 2). This hole highlights the potential gold upside on the property, which was not included in the Mineral Resource Estimate (\"MRE\") (see news release dated May 3, 2023).Intersected 136.48 m at 0.54% copper and 0.83 g/t silver from 278.61 m, including 66.26 m at 0.87% copper and 1.22 g/t silver from 278.61 m, and 309.43 m at 0.31% copper and 0.83 g/t silver from 693.16 m in drillhole FCD-23-025 (Figures 1 and 3). The upper intersection from 278.61 m corresponds to the Mammoth breccia whereas the lower portion of the hole was aimed at testing the gap between the Keel and American Eagle underground footprints. The hole confirms mineralization in this gap, where drill density remains limited.Commenced a gold assaying program of historical drill core to determine the potential for inclusion in future resource updates. Samples will also be taken for metallurgical test work.Drill hole FCD-22-023 was collared southwest of Childs Aldwinkle and drilled to the northeast (Figures 1 and 2). The results for this hole demonstrate the potential for significant gold mineralization in addition to the high-grade copper mineralization within the open pit resource. Childs Aldwinkle forms a northwesterly elongated subvertical to steeply southwest dipp...