VANCOUVER, BC / ACCESSWIRE / January 31, 2023 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results from two drill holes at its Copper Creek Project, located in Arizona, U.S. ("Copper Creek").

Paul Harbidge, President and CEO, commented "The continued success of our Phase II drill program is extremely encouraging as it confirms our view that there is significant upside to the existing Mineral Resource Estimate. This high-grade drill hole demonstrates the potential to grow the open pit mineralization at Copper Creek."

Highlights

Intersected 33.77 metres ("m") at 3.43% copper and 2.53 grams per tonne ("g/t") silver from 38.10 mat the Copper Knight brecciain drill hole FCD-22-016 (Table 1, Figures 1, 2).
This interval is within a longer intersection of 65.20 m at 1.88% copper and 1.56 g/t silver from 38.10 m.
The Copper Knight breccia is part of a cluster of mineralized breccias, which includes Copper Giant, Copper Prince, and Copper Duchess (Figure 1).
Drill hole FCD-22-016 was collared north of Copper Knight and drilled to the southeast, closing a gap in historical drilling. The high-grade mineralization is located at the contact between granodiorite porphyry and hydrothermal breccia, where there is increased permeability. Mineralization remains open at depth.

Figure 1: Plan View Showing Drill Holes Reported in this News Release

Faraday Copper Corp., Monday, January 30, 2023, Press release picture
Note: The open pit shell is based on constraints used in the MRE as presented in the report titled "NI 43-101 Technical Report Mineral Resource Estimate Copper Creek Project, Arizona" dated August 18, 2022 (the "Technical Report").

Figure 2: Cross Section Showing Drill Hole FCD-22-016

Faraday Copper Corp., Monday, January 30, 2023, Press release picture
Drill hole FCD-22-011 was collared at the Glory Hole breccia and drilled to the west where previous drill coverage is low. No mineralized intervals of more than 5 m length were identified in this hole. The first 30 m of the drill hole intersected breccia and a leached cap characterized by iron oxides after sulphides, but no significant copper mineralization. Two consecutive samples from 63.36 to 67.70 m yielded 0.29% and 0.41% copper, respectively, and a single 2-metre-wide sample with 1.14 g/t silver and 0.21% copper is present at 210.75 m. These results suggest that the mineral system remains open at depth and to the west of the Glory Hole breccia.

Table 1: Selected Drill Results from Copper Creek

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