Business
Faraday Copper Reports 52.38 metres at 1.05% Copper at Copper Creek in Arizona
VANCOUVER, BC / ACCESSWIRE / February 23, 2023 / Faraday Copper Corp. (" Faraday " or the " Comp...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Reports 52.38 metres at 1.05% Copper at Copper Creek in ArizonaVANCOUVER, BC / ACCESSWIRE / February 23, 2023 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results from three drill holes at its Copper Creek Project, located in Arizona, U.S. (\"Copper Creek\"). The three holes were drilled to confirm either continuity of high-grade mineralization or the potential extension of known mineralization outside of the open pit mineral resource.HighlightsIntersected 52.38 metres (\"m\") at 1.05% copper and 1.35 grams per tonne (\"g/t\") silver from 103 m at the Copper Prince breccia in drill hole FCD-22-018, improving the confidence in the continuity of near-surface mineralization within the open pit mineral resource (Table 1, Figures 1, 2); andIntersected 19.62 m at 0.24% copper and 0.61 g/t silver from 96.18 m in drill hole FCD-22-017 in a previously undrilled area, approximately 50 m north of the Copper Knight breccia, indicating the presence of additional mineralization within and at the boundary of the current open pit mineral resource (Figure 1).Paul Harbidge, President and CEO, commented \"The results from our ongoing Phase II drill program continue to improve our confidence in the continuity of the high-grade mineralization within the open pit resource and confirm extensions to depth.\"Drill hole FCD-22-018 was collared north of the Copper Knight breccia and drilled to the southwest, testing the Copper Prince breccia and surrounding areas. This high-grade mineralization occurs as chalcopyrite breccia cement within Copper Prince. Mineralization remains open at depth and is interpreted to be connected to the massive sulphide mineralization reported in the news release dated January 17, 2023 (Figures 1 and 2).Drill hole FCD-22-017 was collared north of the Copper Knight breccia at the same drill pad as FCD-22-018 but was drilled to the northeast. This hole was drilled into the granodiorite host rock where no previous drill data existed. Disseminated mineralization was intersected grading 0.24% copper over 19.62 m from 98.18 m. This interval occurs at the margin of the pit shell used for the Mineral Resource Estimate and has the potential to convert waste to ore.Drill hole FCD-22-010 was collared north of the Holly breccia and drilled to the south. The hole in...