Announcement Date: 2022-10-18
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Faraday Copper Corp.
Project name: Copper Creek
Location: United States
Commodities: Silver,Copper,Molybdenum
Highlight: Drilling results incl. 361.7m at 0.87% Cu, 132ppm Mo, 6.63g/t Ag from 928.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: October 18, 2022 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”) (CSE:FDY) (OTCQX:CPPKF) is pleased to announce results from an additional three drill holes (2,540 metres) of its nine-drill-hole (6,000-metre) Phase I diamond drill program (the “Drill Program”) at its Copper Creek project, located in Arizona, U.S. (“Copper Creek”). Paul Harbidge, President and CEO commented “I am excited to see these high-grade intercepts, which remain open and confirm significant exploration upside in proximity to the current mineral resource. Copper Creek is a large mineralized system with the potential to be one of the next generation U.S. copper mines supporting the clean energy transition. We are targeting the delivery of an updated Mineral Resource Estimate and related Preliminary Economic Assessment in Q2 2023.” The Company has received assay results for a total of eight drill holes (5,524 m) with results for the first five drill holes (2,984 m) reported in a news release dated September 7, 2022. Assay results for drill hole (FCD-22-001) are pending and will be released when received. All intercepts are reported as downhole drill widths. The results from the Drill Program will be incorporated into an updated MRE in conjunction with the Preliminary Economic Assessment (“PEA”) for Copper Creek, expected to be completed and issued in the second quarter of 2023.
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