New Breccia Discovery At Area 51 In Copper Creek Project

New Breccia Discovery At Area 51 In Copper Creek Project

VANCOUVER – Faraday Copper Corp. reported on its Phase III program at the Copper Creek Project, located in Arizona. Two of the holes were drilled at the Area 51 target to test additional near-surface breccias as a follow-up to the recent Starship breccia discovery, and two holes were drilled in the Copper Giant area to test resource expansion potential.

Paul Harbidge, President and CEO, said, “I am excited with the expansion potential of Area 51 which, prior to Faraday, had never been drill tested. The results have identified a second, near-surface mineralized breccia called Eclipse. Area 51 is a 400-metre by 400-metre target represented by a cluster of nine mapped breccias that are highly prospective. The target remains open in all directions and is rapidly turning into a significant new discovery at Copper Creek. The team is gaining a better interpretation of the geology in Area 51 and further drilling is planned as part of the current Phase III drilling program.”

Highlights: 1) Intersected 45.75 metres (m) at 0.48% copper, 0.02 grams per tonne (g/t) gold and 2.90 g/t silver from 43.40 m, including 11.36 m at 1.29% copper, 0.05 g/t gold and 8.89 g/t silver from 77.79 m in drill hole FCD-24-050 at the previously undrilled Eclipse breccia. 2) Intersected 54.21 m at 0.36% copper, 0.04 g/t gold and 2.53 g/t silver from 35.48 m, including 17.06 m at 0.77% copper, 0.06 g/t gold and 4.21 g/t silver from 35.48 m in drill hole FCD-23-043, confirming the potential for a near-surface, supergene enrichment blanket in the Starship breccia. 3) These results from the Eclipse breccia and the adjacent Starship breccia remain open in all directions and Area 51 is becoming a significant new discovery on the project. 4) Sulphide mineralogy and trace element geochemistry, together with geophysical evidence, suggest that the drill holes intercepted a shallow part of the mineral system, which is indicative of greater porphyry potential at depth.

Area 51 was identified as highly prospective by integrating airborne versatile time domain electromagnetic (“VTEM”) data and short wave infrared spectral data together with geological mapping and sampling. Area 51 encompasses a porphyry intrusion with nine mapped breccia bodies over an area of approximately 400 m by 400 m, including Starship and Eclipse. The breccias are interpreted to have been emplaced in the hanging wall of the northwest trending Holy Joe thrust fault, which brought Proterozoic metamorphic rocks in contact with younger sedimentary rock units to the east of Area 51. This fault is also thought to have controlled the emplacement of the Paleocene Glory Hole volcanics and Copper Creek granodiorite which host the mineralization at Copper Creek.

Drill hole FCD-24-050 was collared immediately northeast of the Eclipse breccia and drilled to the southwest. The mineralization includes a zone of chalcocite within hydrothermal breccia and volcanic host rocks. The highest grades are associated with chalcopyrite-pyrite and subordinate chalcocite cement in hydrothermal breccia cross-cutting granodiorite. The hole intersected mostly hydrothermal breccia from approximately 43 m to 213 m. Alteration within and near breccia is sericitic, which is associated with high-grade copper mineralization elsewhere on the property.

Drill hole FCD-23-043 was collared at the same location as drill hole FCD-24-050 but drilled steeply to the North into the Starship breccia. The mineralization occurs as chalcopyrite and chalcocite cement within a hydrothermal breccia, which also includes pyrite and quartz. The hole intersected over 65 m of hydrothermal breccia. The mineralization and alteration suggest that the intersection is in the upper part of the mineralized system and includes a zone of supergene enrichment which remains open laterally.