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Faraday Copper Reports 14.84 metres at 1.61% Copper within 30.50 metres at 0.95% Copper Near Surface at Copper Creek in Arizona
VANCOUVER, BC / ACCESSWIRE / August 1, 2023 / Faraday Copper Corp. (" Faraday " or the " Company...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Reports 14.84 metres at 1.61% Copper within 30.50 metres at 0.95% Copper Near Surface at Copper Creek in ArizonaVANCOUVER, BC / ACCESSWIRE / August 1, 2023 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the final two drill hole results from the Phase II program at the Copper Creek Project, located in Arizona, U.S. (\"Copper Creek\"). These two holes were drilled to test vertical extension of high-grade breccia mineralization above the American Eagle underground footprint and target previously undrilled areas.Paul Harbidge, President and CEO, commented \"The final results from our Phase II drill program have continued to show the upside to the existing resource that formed the basis for the PEA. It is particularly exciting to see the high-grade results in the Bald breccia, which is located above the American Eagle porphyry. This highlights the potential to identify additional vertically-extensive mineralized zones on the project, similar to Mammoth-Keel. We intend to further test this area as part of our Phase III drill program, which is expected to commence in the fourth quarter of this year.\"HighlightsIntersected 30.50 metres (\"m\") at 0.95% copper, 3.62 g/t silver and 0.02 g/t gold from 213.80 m, including 14.84 m at 1.61% copper, 2.05 g/t silver and 0.04 g/t gold from 229.46 m in drill hole FCD-23-037 at the Bald breccia. (For true width information see Table 1)This result confirms near-surface, high-grade breccia mineralization within the Bald resource pit shell and highlights the potential for resource expansion above the American Eagle porphyry.Results from Phase II drilling, along with new geophysical data, spectral data and geological mapping, will contribute to ranking and prioritizing targets for a 20,000-metre Phase III drill program planned to commence in the fourth quarter of 2023.A metallurgical program has commenced and is focused on grind size optimization, gold deportment and further test work on near surface mineralization.Analysis of historical drill core for gold in selected breccias is in progress.Drill hole FCD-23-037 was collared southwest of the Bald breccia and drilled to the northeast (Figures 1 and 2). The hole targeted mineralization originally identified in a historical reverse circulation drill hole. Hole FCD-23-037 was drilled ...