Faraday Copper Corp. Drills 1.05% Copper Equivalent Over 117 Metres Including 2.40% Copper Equivalent Over 54 Metres at its Copper Creek Property, Arizona
Vancouver, British Columbia--(Newsfile Corp. - March 23, 2023) - Faraday Copper Corp. (CSE: FDC) (FSE: 2FA) (OTCQB: FDCPY) ("Faraday" or "the Company") is pleased to announce the results of the third hole of the Company's maiden drill program at its Copper Creek Property (the "Property") located in Arizona.
Drill hole CU23-003 was drilled to a depth of 440 metres and intersected a broad zone of copper-gold mineralization, including:
- 117 metres of 1.05% copper equivalent ("CuEq") from 180 metres to 297 metres, including:
- 54 metres of 2.40% CuEq from 198 metres to 252 metres, including:
- 18 metres of 4.03% CuEq from 210 metres to 228 metres;
- 3 metres of 1.35% CuEq from 345 metres to 348 metres;
- and 1 metre of 1.10% CuEq from 417 metres to 418 metres.
The results from CU23-003 are significant as they extend the known copper-gold mineralization at Copper Creek to the south and indicate the potential for a large-scale copper-gold system on the Property.
Faraday's President and CEO, Shawn Khunkhun, stated: "We are very encouraged by the results of the third drill hole from our maiden drilling program at Copper Creek. The broad zone of copper-gold mineralization intersected in CU23-003 demonstrates the potential for a large-scale copper-gold system on the Property and we are eager to receive the results from the remaining holes of the program."
The Company is fully funded for the remaining exploration program at Copper Creek, which includes an additional 1,500 metres of drilling. The program is expected to be completed by the end of the second quarter of 2023.
The technical content of this news release has been reviewed and approved by Mr. Neil Pettigrew, P.Geo., a "Qualified Person" pursuant to National Instrument 43-101.
About Faraday Copper Corp.
Faraday Copper Corp. is a Canadian exploration company focused on advancing its large-scale copper-gold projects in Arizona, USA. The Company's flagship asset is the Copper Creek Property, which hosts a significant copper-gold porphyry system with potential for bulk-tonnage open-pit development.
For further information please contact:
Shawn Khunkhun, President and CEO
Tel: 604.409.2722
info@faradaycopper.com
www.faradaycopper.com
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements in this news release include, without limitation, statements regarding the Company's plans for further exploration at the Copper Creek Property, the potential for the Copper Creek Property to host a large-scale copper-gold system, and the anticipated timing for the completion of the Company's exploration program at the Copper Creek Property.
Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance and achievements to differ materially from the results expressed or implied by the forward-looking statements.
