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Faraday Copper Reports Q3 2022 Financial Results and Appoints Arndt Brettschneider to the Board
VANCOUVER , BC / ACCESSWIRE / November 10, 2022 / Faraday Copper Corp. (" Faraday " or the...
About this update from Faraday Copper Corp
[{"type":"text","content":"Faraday Copper Reports Q3 2022 Financial Results and Appoints Arndt Brettschneider to the BoardVANCOUVER , BC / ACCESSWIRE / November 10, 2022 / Faraday Copper Corp. (\" Faraday \" or the \" Company \") (TSX:FDY) announces its financial results for the three and nine months ended September 30, 2022.Year-to-Date HighlightsAppointed Arndt Brettschneider to the Board of Directors on November 9, 2022.Graduated to the Toronto Stock Exchange (\"TSX\") on November 3, 2022, marking another significant milestone for the Company.Commenced the Phase II 10,000-meter drill program on October 30, 2022.Released an updated Mineral Resource Estimate (\"MRE\") for the Copper Creek Project , as planned in a news release dated July 6, 2022.Announced selection of independent consultants for the Copper Creek project MRE update and Mine-to-Mill assessment, including SRK (Denver), SRK (Vancouver), Call & Nicholas (Tucson), and Ausenco (Tucson) on June 1, 2022.Released the Copper Creek project geological model on May 12, 2022.Closed non-brokered equity financing of $20 million on May 5, 2022.Completed rebranding of the Company to Faraday Copper and new directors elected to the Board of Directors on April 19, 2022.Continued to advance the Copper Creek project, including:Extended and completed Phase I drill campaign from a 5,000-meter eight-hole program to a 6,000-meter nine-hole program, testing both high-grade breccia hosted and porphyry style copper mineralization;Announced results for three and five of the nine-hole Phase I drill program , on September 7, 2022, and October 17, 2022, respectively, which confirmed the high-grade nature of the near-surface breccia-hosted mineralization, identified lower-grade mineralization previously classified as waste, intersected high grade mineralization at Keel, and expanded mineralization at American Eagle. Assay results remain pending for the final hole.Announced confirmation of historic, high-grade copper intercepts and identified mineralized zones in previously unsampled diamond drill core adjacent to known, high-grade breccia intercepts on April 13, 2022.Completed a generative exploration study that provided a portfolio of targets with a plan to drill select targets as part of the Phase II drill program.Completed preliminary review of metallurgical data focused on the validation of historic floatation test...