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Faraday Copper Reports 32.27 metres at 0.98% Copper and 103.26 metres at 0.79% Copper within 484.81 metres at 0.42% Copper Outside of the Keel Underground Mineral Resource
VANCOUVER, BC / ACCESSWIRE / May 31, 2023 / Faraday Copper Corp. (" Faraday " or the " Company "...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Reports 32.27 metres at 0.98% Copper and 103.26 metres at 0.79% Copper within 484.81 metres at 0.42% Copper Outside of the Keel Underground Mineral ResourceVANCOUVER, BC / ACCESSWIRE / May 31, 2023 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results from five drill holes at its Copper Creek Project, located in Arizona, U.S. (\"Copper Creek\").Paul Harbidge, President and CEO, commented \"Our Phase II drill program continues to confirm our view that there is significant upside to the existing resource that was the basis for the PEA. Drill hole FCD-23-024 demonstrated the potential for further expansion of the underground resource at Keel, which remains open. Follow-up drilling is planned as part of our Phase III drill program, which is expected to commence in the fourth quarter of this year.\"HighlightsIntersected 484.81 metres (\"m\") at 0.42% copper, 0.03 grams per tonne (\"g/t\") gold and 2.77 g/t silver from 660.84 m, including 103.26 m at 0.79% copper, 0.04 g/t gold and 4.68 g/t silver from 924.47 m, and 32.27 m at 0.98% copper, 0.02 g/t gold and 8.86 g/t silver from 1,105.18 m in drill hole FCD-23-024 in the Keel zone (Figures 1 and 2, see Table 1 for true width information).The entire mineralized intercept of drill hole FCD-23-024 is outside of the current underground mineral resource, highlighting the resource expansion potential to the west of Keel and at depth.Identified near-surface mineralization outside of the open pit mineral resource.A detailed airborne electromagnetic geophysical survey has been completed on the property and data is currently being processed.Drill hole FCD-23-024 was collared west of Mammoth and drilled to the southeast (Figures 1 and 2). The hole steps out to the west from drill hole FCD-22-007 (see news release dated October 18, 2022) and intersected a zone of shallowly dipping bornite-chalcopyrite bearing veins and higher-grade mineralization hosted in chalcopyrite-quartz cemented breccia and disseminated mineralization. The entire, nearly 500-metre-long, reported intercept is located outside of the underground footprint used to constrain the Mineral Resource Estimate (\"MRE\") and demonstrates that Keel mineralization remains open to the west and at depth.Drill hole FCD-23-026 was collared east of Copper Prince brecci...