Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results from the first two reconnaissance drill holes of its Phase III program at the Copper Creek Project, located in Arizona, U.S. ("Copper Creek"). The holes intersected a newly identified breccia at the Area 51 target ("Starship"), which has the potential to increase the open pit Mineral Resource Estimate ("MRE"). The Company also provides Gold Program results from the Copper Prince breccia.
Paul Harbidge, President and CEO, commented "It's exciting to start the Phase III drill program with a new discovery that supports the district scale exploration upside at Copper Creek. The new Starship discovery is interpreted to be related to a different mineralized system that is distinct from the Copper Creek MRE. Our geophysical and spectral data demonstrates that the Starship breccia displays similar characteristics to other known mineralized breccias at Copper Creek and suggests it is located at the top of a larger hydrothermal system that is open both laterally and at depth. Follow up drilling during the Phase III program will target the lateral extension and deeper parts of this breccia complex."
Highlights
Intersected 72.01 metres ("m") at 0.37% copper, 0.02 grams per tonne ("g/t") gold and 1.35 g/t silver from 50.24 m, including 25.06 m at 0.78% copper, 0.03 g/t gold and 1.49 g/t silver from 50.24 m in drill hole FCD-23-042 at the previously undrilled Starship breccia (Figure 1 and 2).
see & read more on https://faradaycopper.com/news-releases/faraday-copper-discovers-new-mineralized-breccia-8-7245/ |