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Faraday Copper Reports New Gold Assay Results From the Keel Zone Including 0.28 g/t Gold and Confirming 1.34% Copper Over 103.64 Metres at the Copper Creek Project
VANCOUVER, BC / ACCESSWIRE / May 7, 2024 / Faraday Copper Corp. (" Faraday " or the " Company ")...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Reports New Gold Assay Results From the Keel Zone Including 0.28 g/t Gold and Confirming 1.34% Copper Over 103.64 Metres at the Copper Creek ProjectVANCOUVER, BC / ACCESSWIRE / May 7, 2024 / Faraday Copper Corp. (\"Faraday\" or the \"Company\") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of the Gold Program from the Keel Zone at the Copper Creek project in Arizona, USA. The results support the potential to unlock significant value through the contribution of payable gold in concentrate in future Mineral Resource Estimates (\"MRE\")1.Paul Harbidge, President and CEO, commented \"The results show that the Keel Zone hosts the largest gold-bearing domain on the property to date. For context, the Keel underground zone represents approximately 60 million tonnes of the 330 million tonnes in the current underground mineral resource. This newly acquired data, together with our recent metallurgical results, supports the potential for the addition of gold in concentrate as a significant source of by-product revenue that would increase the value of Copper Creek.\"HighlightsDoubled the gold assay coverage in the Keel Zone with 1,017 new gold assays, in addition to the 1,062 historical gold assays.Examples of intercepts with new gold assays and re-assayed copper from historical core include:103.64 m (\"metres\") at 1.34% copper and 0.28 grams per tonne (\"g/t\") gold from 667.51 m in drill hole LM-2;85.35 m at 0.91% copper and 0.11 g/t gold from 652.27 m in drill hole LM-1; and272.19 m at 0.47% copper and 0.05 g/t gold from 921.11 m in drill hole RMK-12-068.Gold and copper are correlated on an intercept basis with an overall ratio2 of approximately 1:9 gold (g/t):copper (%) at the Keel Zone.Recently completed metallurgical test work supports gold recoveries exceeding 80% to a payable grade in the copper concentrate from the Keel Zone.As part of the gold program, copper was re-assayed and the results confirmed historical data, providing additional confidence in the database.Keel Zone OverviewThe Keel Zone (Figure 1 and 2) represents approximately 60 million tonnes of the 330 million tonnes of the current underground MRE. The Keel Zone contains several domains of mineralization with the dominant style including bornite and chalcopyrite that occur disseminated and in miarolitic cavities, as well as in porphyry-style ...