VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY) announces its financial results for the three months ended March 31, 2024.

Highlights to Date

Announced approval from the Bureau of Land Management for Notice of Intent to conduct drilling at the Copper Creek Project on May 2, 2024.
Reported 117.00 metres ("m") at 0.40% copper near surface, including 23.37 m at 0.60% copper at Old Reliable and drilling success continuing at Area 51 on April 10, 2024.
Reported positive metallurgical results for the Copper Creek Project on February 26, 2024.
Reported 163.11 m at 0.85% Copper within 380.60 m at 0.62% Copper in the American Eagle Area at the Copper Creek Project on February 21, 2024.
Reported new mineralized breccias (Starship and Eclipse) 800 metres southeast of the existing Mineral Resource at the Copper Creek Project on January 16, 2024 and March 4, 2024, respectively.
Announced results for the Copper Creek Project drill program on April 10, 2024, March 4, 2024, February 21, 2024, and January 16, 2024.
Continued baseline environmental data collection, stakeholder mapping, and generative exploration targeting at the Copper Creek Project to provide a pipeline of future targets through ongoing geological mapping and recently reprocessed and newly acquired geophysical data.
Upcoming Copper Creek Milestones

Ongoing results from the gold assaying program of historical drill core
Ongoing results from the Phase III drill program
Copper Creek Project Update

The learnings from the geological and structural model and the results from the Phase I and Phase II drill programs, along with the recently acquired geophysical and air-borne spectral data sets, and economic criteria defined in the 2023 Copper Creek Preliminary Economic Assessment base case, have contributed to the framework for the Phase III drill program, which commenced in the fourth quarter of 2023. The focus of Phase III drilling will be on expanding the mineral resource, improved delineation of high-grade mineralized zones, and reconnaissance drilling on new targets.

With extensive historical exploration, over 200,000 metres of drilling and modest past production, significant exploration upside remains. There are several hundred known breccia occurrences mapped at surface, of which less than 40 have been drilled and 17 are included in the Mineral Resource Estimate ("MRE").

In the Phase II drill program gold assay results confirmed the potential for gold to occur in economic concentrations in certain phases of the mineralization. Gold is not currently included in the MRE. A sampling program is underway to gather sufficient data coverage for potential gold inclusion in future technical studies. The results from the Childs Aldwinkle and Copper Prince breccias have been returned. The Company is continuing the re-assaying of historical material for potential inclusion of gold in future mineral resource updates. Additional areas are expected to include the Pole breccia and the Keel underground zone, with the Company continuing to evaluate other potential areas.

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