Phase Three Program At the Copper Creek Project

Phase Three Program At the 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 targeted the American Eagle underground zone, one hole tested near-surface mineralization potential at the Bald area and one hole was drilled between the Copper Prince – Copper Giant breccia complex and Mammoth.

Paul Harbidge, President and CEO, said, “The drill results of two holes into the American Eagle area confirm the existence of zones in the underground domain with higher grades than predicted from the resource model, supporting the Company’s thesis that the high-grade zones of American Eagle are open for expansion. Together with our district-scale exploration activities, these results confirm the significant exploration upside associated with the project.”

Highlights: Intersected 380.60 metres (m) at 0.62% copper and 1.02 g/t silver from 721.04 m, including 163.11 m at 0.85% copper and 1.13 g/t silver from 841.33 m in drill hole FCD-23-039 at American Eagle; 50 m of this 380.60 m intercept is located below and outside the underground shape used to constrain the Mineral Resource Estimate (MRE); Intersected 424.71 m at 0.40% copper and 0.81 g/t silver from 659.12 m, including 36.30 m at 0.83% copper and 1.69 g/t silver from 944.89 m in drill hole FCD-23-040 at American Eagle; and The high-grade portion is thought to represent the root zone of the American Eagle breccia complex, suggesting potential grade continuity from surface to approximately 800 m depth. This vertical extension remains a high priority target. These drill holes are angled and drilled towards the north-northwest into an area historically drilled by widely spaced vertical drill holes. The intercepts confirm grade continuity at depth.

Drill hole FCD-23-039 was collared in the Bald area and drilled towards the north-northwest. The copper mineralization occurs as chalcopyrite in early halo veins and as disseminations. Bornite increases with depth most notably below approximately 840 m downhole. The higher grades below 840 m are hosted in porphyry intruding granodiorite. Molybdenite veins are observed below 980 m downhole. Mineralization is interpreted to have been emplaced near the core of a porphyry mineralized centre. This drill hole also intercepted approximately 20 m of breccia-hosted mineralization from 55.07 m, which was above the mineral resource cut-off grade, highlighting the potential to identify additional near-surface mineralization in the Bald area.

Drill hole FCD-23-040 was collared approximately 135 m to the west from drill hole FCD-23-039 and was drilled to the west-northwest. The mineralization is similar to hole FCD-23-039 but includes 36.30 m of chalcopyrite-rich mineralization with local presence of anhydrite in breccia and veins crosscutting potassic altered granodiorite. This zone also contains molybdenite and is interpreted to correspond to a magmatic cupola zone at the root of the American Eagle breccia. This breccia is exposed at surface and, together with this drill hole intercept, demonstrates potential vertical continuity of mineralization over approximately 800 m.

Drill hole FCD-23-038 was collared at the same location as FCD-23-039 but drilled at a shallower angle. It targeted potential near-surface breccia-hosted mineralization. The hole intercepted breccia with pyrite and minor chalcopyrite within the first 55 m from surface, returning copper values below cut-off grade. Vein and localized breccia hosted pyrite-chalcopyrite mineralization was intercepted near the end of the hole. Follow-up exploration is planned to target higher grades near surface.

Drill hole FCD-23-044 was collared between the Copper Prince and Mammoth open pit resource domains in an area without historical drilling. The entire hole is in granodiorite with short igneous cemented breccia intervals. It intersected a zone of densely spaced pyrite-dominant veins from approximately 85 m to 102 m, which did not include significant copper intercepts. The hole was planned to also provide geotechnical information, which will be considered in future studies.