VANCOUVER, BC / ACCESSWIRE / October 5, 2023 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of gold assays from the Childs Aldwinkle breccia at the Copper Creek project in Arizona, USA. The Company analyzed archived material, which was not previously assayed for gold, with the aim of increasing data coverage. The results support the Company's belief that there is payable gold at the project which has the potential to unlock further value.

Paul Harbidge, President and CEO, commented "We are pleased to provide the first results of the gold program after completing analysis of the Childs Aldwinkle breccia. The results show near surface gold mineralization in the current resource pit shell and demonstrate the potential to add a gold by-product, further enhancing the value of the project. The team has been able to advance our thesis of payable gold in the resource by utilizing the historical drill core and pulps that previous operators did not analyze for gold. With Childs Aldwinkle assay results now received, the Company is currently preparing samples from other high-priority breccias and we look forward to presenting results as they are available."

Highlights

Significantly increased analytical coverage for gold at Childs Aldwinkle with 743 new gold assay results in addition to 120 historical gold results.
Examples of intercepts with new gold assays and re-assayed copper include:
219.46 m ("metres") at 3.29% copper and 0.31 g/t gold from 24.38 m in drill hole CA-5R;
94.49 m at 1.12% copper and 0.13 g/t gold from 341.38 m in drill hole CA30+3; and
56.38 m at 1.32% copper and 0.29 g/t gold from 150.88 m in drill hole CC-2.
A weighted average of 0.16 g/t gold and 1.52% copper is calculated for mineralized intercepts for which gold analytical data is available1.
Gold and copper are well-correlated on an intercept basis with an overall ratio of approximately 1:10 gold (g/t):copper (%) at Childs Aldwinkle.
Historical metallurgical test work suggests high gold recoveries in the copper concentrate. The Company has initiated a metallurgical program to confirm gold recoveries.
As part of the gold program, copper was re-assayed. These results confirm historical data, providing additional confidence in the database.
Phase III drill program is expected to commence in October 2023.
The Gold Program
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https://faradaycopper.com/news-releases/faraday-copper-reports-gold-assay-results-from-the-6400/