Faraday cuts 46 metres of 1.68% copper at Arizona project

Faraday Copper (TSX: FDY; US-OTC: CPPKF) has assays from six recent holes at its Copper Creek project in Arizona, and the best of them tested 1.68% copper, 0.33 gram gold per tonne, 5.55 grams silver, and 0.028% molybdenum across 46 metres. The assays were for hole FCD-22-023 drilled outside the extent of the known resource. 

Hoe FCD-23-025 cut 136.5 metres of 0.54% copper and 0.83 gram silver, including 66.3 metres of 0.87% copper and 1.22 grams silver. 

Two of the remaining holes targeted a previously undrilled breccia immediately east of Copper Prince, and the last two were reconnaissance holes testing another breccia north of the resource area. 

The 3-km-long Copper Creek deposit is located in the heart of the prolific southwestern North American porphyry copper province. The project covers 65 sq. km. 

Last summer Faraday produced an open pit and underground resource estimate that includes 355.1 million measured and indicated tonnes at 0.5% copper, 0.008% molybdenum, and 1.3 grams silver per tonne (0.53% copper-equivalent). The amounts of contained metals are 3.9 billion lb. copper, 62.9 million lb. molybdenum, and 14.5 million oz. of silver. 

The inferred resource is 75 million tonnes at 0.38% copper, 0.007% molybdenum, and 0.8 gram silver (0.41% copper-equivalent).  

Faraday continues to drill at Copper Creek to expand the resources, delineate high-grade zones, and test new targets.  

The company has also begun a gold assaying program of historical drill core to determine the potential for inclusion in future resource estimates. Samples will also be taken for metallurgical test work.