Faraday Copper Intersects 1.01% Copper Over 117.90 Metres within
269.65 Metres at 0.64% Copper, Discovering the High-Grade
Mineralized Banjo Breccia in the American Eagle Area
August 21, 2024 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results of two drill holes from its ongoing Phase III
drill program at the Copper Creek Project, located in Arizona, U.S. (“Copper Creek”). The two holes were
drilled to continue to evaluate the near-surface mineralization in the American Eagle area.
Paul Harbidge, President and CEO, commented “Drilling in the American Eagle Area continues to provide
very exciting results, with the discovery of the Banjo breccia, which has returned the best grade-width
intercept of this drill campaign to date. The Phase III drilling shows the potential for a large near-surface
resource to be defined above the current underground resource. The current interpretation suggests
characteristics similar to the Mammoth breccia. Mammoth connects with the Keel underground zone and is
the most vertically continuous mineralized system defined so far on the property. Drilling continues with the
emphasis on both delineation of the Banjo breccia and testing additional breccias in the American Eagle
area.”
Highlights
? Drill hole FCD-24-070 is the discovery hole for the high-grade Banjo breccia and confirms
significant mineralization above the American Eagle underground resource.
? Drill hole FCD-24-070 intersected 117.90 metres (“m”) at 1.01% copper and 1.87 grams per tonne
(“g/t”) silver from 323.52 m, including 15.89 m at 2.15% copper and 2.48 g/t silver from 390.00
m.
o This intercept is within 269.65 m at 0.64% copper and 1.32 g/t silver from 229.49 m.
o Mineralization remains open.
? At the American Eagle breccia, intersected 88.16 m at 0.39% copper and 1.43 g/t silver from 188.34 m
in drill hole FCD-24-071, including 15.80 m at 0.93% copper and 3.71 g/t silver from 188.34 m.
? Confirmed vertical continuity of near surface breccia hosted mineralization to the porphyry
mineralization at depth in the American eagle area.
(For true width information see Table 1.)
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 resource, 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. The Company has
reported assay results for eight drill holes from this area as part of the current program (for drill holes not
reported herein, refer to news releases dated June 25, 2024 and July 25, 2024). These results provide a .. see & read more on
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