Faraday Copper Corp. (TSX:FDY) has intersected shallow copper, gold and silver in six drill holes at its Copper Creek Project, located in Arizona, USA.
“The continued success of our Phase II drill programme confirms our view that there is significant upside to the open pit and underground resource utilized as the basis for the PEA,” President and CEO, Paul Harbidge, said.
“In particular, drill hole FCD-23-023 returned high copper grades and enrichment in gold. This highlights the potential to add gold credits to the current resource through both future drilling and our ongoing assaying of historical core and pulps that were not analyzed in the past.”
Highlights
- Intersected 45.89m at 1.68% copper, 0.33g/t gold, 5.55g/t silver and 0.028% molybdenum from 184.72m at the Childs Aldwinkle breccia complex in drill hole FCD-22-023. This hole highlights the potential gold upside on the property, which was not included in the Mineral Resource Estimate (MRE).
- Intersected 136.48m at 0.54% copper and 0.83g/t silver from 278.61m, including 66.26m at 0.87% copper and 1.22g/t silver from 278.61m, and 309.43m at 0.31% copper and 0.83g/t silver from 693.16m in drillhole FCD-23-025. The upper intersection from 278.61m corresponds to the Mammoth breccia whereas the lower portion of the hole was aimed at testing the gap between the Keel and American Eagle underground footprints. The hole confirms mineralization in this gap, where drill density remains limited.
- Commenced a gold assaying programme of historical drill core to determine the potential for inclusion in future resource updates. Samples will also be taken for metallurgical test work.
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