Faraday Copper Corp. Announces the Results of the Final Nine Drill Holes from Its Phase III Drill Program At the Copper Creek Project, Located in Arizona
FDY.TO
Published on 06/19/2025 at 13:20
Faraday Copper Corp. announced the results of the final nine drill holes from its Phase III drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). Five holes were drilled in the American Eagle area, one at Old Reliable, two at the Sunrise Trend and one at Horsecamp.
Highlights. Follow-up drill planning is underway for these areas. Phase III drilling commenced in October 2023 and concluded in mid-April 2025.
Phase III drill Program - Summary. Phase III drilling commenced in September 2023 and concluded in mid -April 2025. With this news release, all 79 drill hole assays have been reported.
For drill holes not reported herein, refer to news releases on the Company's website and SEDAR+ profile at. =1.01% copper. All drilling in this area intersected reportable intervals of copper mineralization above cut-off grade1 near-surface.
The American Eagle area will be a continued focus of future drilling and the Company expects to declare an inaugural open pit mineral resource in this area as part of the 2025 Mineral Resource Estimate ("MRE") update. =1.1% copper. =1 near-surface.
TheAmerican Eagle area will be a continued focused of future drilling and the Company expect to declare an inaugural open pit Mineral resource in this area as part the 2025 Mineral Resource Estimate update. =1 near-surface; 13 holes were drilled in Area 51, which is expected to support a small open pit mineral resource with follow up drilling planned. A number of breccias were discovered in this area.
=1 additional reconnaissance holes were drilled in areas including Horsecamp and the Sunrise Trend. Next Steps. The Company has completed nearly 40,000 metres of incremental drilling beyond the current MRE2, which represents a significant opportunity to enhance the project value by increasing the open pit mineral resource.
The Company anticipates the release of an updated MRE and Preliminary Economic Assessment ("PEA") near the end of the third quarter of 2025. Drill Hole Summary. The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries which have strong copper geochemical signatures.
These surface expressions locate above the large underground porphyry mineral resource1, which is approximately 500 m to 1,100 m depth below surface. Historically, the near-surface mineralization was not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated historical drill intercepts and historical small-scale mining highlight the potential for near-surface mineralization.
This, together with assay results from Phase III drilling, provides a broad framework of the geology, structure, and alteration and confirms the potential for significant near-surface copper mineralization. This, together With assay results from Phase III drilling. Drill hole FCD-25-103 is collared approximately 20 m northwest from the Banjo breccia and drilled to the northwest.
The hole intersected granodiorite for its entire length with the exception of a narrow interval of hydrothermal breccia from 483 m to 487 m. Alteration is generally subtle and includes weak background biotite and potassium feldspar. The alteration and sulphide assemblages, together with geologic relationships suggest that shallow parts of these breccias are preserved, and copper mineralization may be present at depth. In the Horsecamp area several hydrothermal breccias and a vein zone with copper mineralization potential at depth crop out and are visible at surface.
In the Horsecamp areas several hydrothermal breccia and a vein zone with copper Mineralization potential at depth crop out. Across the property there are multiple untested breccias, which crop out at surface and are excited to continue to unlock value with next phase of drilling. Highlights.
Follow-up drilling is underway for these areas.