- Faraday Copper Corp. (FDY) has received assay results for its drill program at the Copper Creek Project in Arizona
- It intersected higher-grade mineralization at the Keel Zone, which remains open
- Faraday also expanded mineralization at the American Eagle Zone
- It is working on completing an updated mineral resource estimate and preliminary economic assessment with these new results for its second quarter next year
- Faraday Copper Corp. (FDY) is up 2.56 per cent and is trading at $0.40 per share as of 11:47 am. ET
Faraday Copper (FDY) has received assay results from three drill holes of a nine-hole phase one drill program at its Copper Creek Project in Arizona.
The company stated it intersected significantly higher-grade mineralization at the Keel Zone compared to its mineral resource estimate in drill hole FCD-22-007.
Previous grades as high as 4.37 per cent copper were intercepted nearby this new mineralization, which Faraday believes demonstrates the potential for an extended mineralized zone.
Paul Harbidge, President and CEO of Faraday, commented,
“I am excited to see these high-grade intercepts, which remain open and confirm significant exploration upside… Copper Creek is a large mineralized system with the potential to be one of the next generation U.S. copper mines supporting the clean energy transition.”
Mineralization remains open at Keel with follow-up drilling planned.
Faraday also expanded mineralization at the American Eagle Zone with trace amounts of copper found southeast of the known mineralization.
The company shared it is working on completing an updated mineral resource estimate and preliminary economic assessment with these new results for its second quarter next year.
Faraday Copper Corp. (FDY) is up 2.56 per cent and is trading at $0.40 per share as of 11:47 am. ET.