| 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. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 40,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Announcement Alerts and Notifications
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data