Faraday Copper Intersects 40.06 Metres at 0.78% Copper Within 109.42 Metres at 0.41% Copper at the Boomerang Breccia and Expands Near-Surface Mineralization at the Prada Breccia
NEWS RELEASE January 8, 2025
Faraday Copper Intersects 40.06 Metres at 0.78% Copper Within
109.42 Metres at 0.41% Copper at the Boomerang Breccia and
Expands Near-Surface Mineralization at the Prada Breccia
January 8, 2025 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results of five drill holes from its ongoing Phase III
drill program at the Copper Creek Project, located in Arizona (“Co pper Creek”). Two holes were drilled in
the American Eagle area, two in the Rum area and one was a reconnaissance hole east of Area 51.
Paul Harbidge, President and CEO, commented “It is exciting to see that our on-going drill program continues
to deliver positive results. These results confirm additional near-surface mineralization above the existing
resource in the American Eagle area, including the identification of high -grade copper at the Boomerang
breccia. Moreover, significant copper was identified in veins outside the bre ccia domains. All fifteen drill
holes, reported in the American Eagle area to date, have intersected copper mineralization above cutoff
grade1 with numerous high-grade zones present. Additionally, drilling has demonstrated exploration potential
well outside of the resource area, including east of Area 51 and at depth in the Rum area.”
Highlights
▪ Two drill holes, FCD-24-077 and FCD-24-082, expand the known near-surface mineralization
in the American Eagle area.
▪ Drill hole FCD-24-082 intersected mineralization in the Prada breccia and the results demonstrate
that the Boomerang breccia is mineralized at depth. Significant intercepts include:
o At Prada, 118.28 metres (“m”) at 0.30% copper and 1.14 grams per tonne (“g/t”) silver
from 168.92 m, including 22.54 m at 0.53% copper and 1.39 g/t silver from 213.83 m; and
o At Boomerang, 109.42 m at 0.41% copper, 0.007% molybdenum, and 1.24 g/t silver from
417.90 m, including 40.06 m at 0.78% copper, 0.018% molybdenum, and 2.28 g/t silver
from 459.08 m.
▪ North of the American Eagle breccia, drill hole FCD-24-077 intersected 197.20 m at 0.22% copper
and 0.77 g/t silver from 25.37 m, including 16.11 m at 0.45% copper and 1.35 g/t silver from 86.00
m. Mineralization in this area is largely vein-hosted, confirming that copper is not restricted to
breccias.
▪ A reconnaissance drill hole east of Area 51 identified silver-rich skarn and vein-hosted
mineralization over 58.08 m at 19.10 g/t silver from surface, including 8.90 m at 42.84 g/t silver and
0.34% copper from 47.23 m.
(For true width information see Table 1)
The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to
numerous prospective breccias and porphyries which have strong copper geochemical signatures (Figures
1 to 5). These surface expressions locate above the large underground porphyry mineral resource, which
is approximately 500 m to 1,100 m depth below surface. Historically, the near -surface mineralization was
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not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated
historical drill intercepts and historical small -scale mining highlight the potential for near -surface
mineralization. The Company has reported assay resu lts for fifteen drill holes from this area as part of the
current program (for drill holes not reported herein, refer to news releases on the Company’s website ).
These results provide a broad framework of the geology, structure, and alteration and confirm the potential
for significant near-surface copper mineralization. Drilling continues in the area to test additional undrilled
breccias and follow-up drilling on recent discoveries.
▪ Drill hole FCD-24-077 was collared approximately 110 m northeast of the American Eagle breccia.
It was drilled to the northwest to test the northern extent of the American Eagle breccia. The hole
intersected dominantly granodiorite with intervals of porphyry and breccia. Porphyry was
intersected from 20 m to 55 m, from 93 m to 106 m, from 141 m to 148 m, 171 m to 184 m and 248
m to 279 m. Breccia intervals are present from 106 m to 110 m, 152 m to 171 m and 289 m to 300
m. Alteration throughout the hole is dominated by sericite and kaolinite with breccia intervals
characterized by sericite and tourmaline. Mineralization occurs as chalcopyrite with pyrite in vein
zones cross cutting granodiorite and porphyry and to a lesser degree in breccia cement.
▪ Drill hole FCD-24-082 was collared approximately 100 m southwest of the Prada breccia and
drilled to the northeast to test the Prada and the Boomerang breccias (Figures 2 to 5). The hole
intersected granodiorite from surface to 160 m, hydrothermal breccia to 300 m, followed by
porphyry to 342 m. From 342 m to 445 m the dominant lithology is igneous cemented breccia, and
from 445 m to 515 m it is hydrothermal breccia. The hole ends in granodiorite. Alteration throughout
the hole is dominated by sericite and kaolinite with breccia intervals characterized by sericite and
tourmaline. Mineralization occurs as chalcopyrite with pyrite in breccia cement and veins.
The Rum area is located approximately 700 m northwest of the resource area (Figure 1). It features several
breccias and porphyries intruding Glory Hole volcanics over an area of approximately 250 m by 400 m, with
copper oxide mineralization observed at surface. A recent drill hole (FCD-24-078) intersected 57.73 m at
0.85% copper from surface (Refer to news release dated November 19, 2024).
▪ Drill hole FCD-24-080 was collared near the Rum breccia and drilled to the south, testing the Rum
South breccia and porphyry. The hole starts in porphyry and intersected breccia from 26 m to 83
m. It entered Glory Hole volcanics to the end of the hole except for a porphyry interval from 125 m
to 169 m and hydrothermal breccia from 218 m to 228 m. Alteration is dominantly kaolinite and
sericite in the breccia and porphyry intervals and chlorite in the Glory Hole volcanics. Copper
mineralization consists of oxide minerals and is restricted to the first 80 m of the hole. Elevated
silver values of up to 20.6 g/t are recorded from 25 m to 36 m.
▪ Drill hole FCD-24-083 was collared 100 m west of the Rum South breccia and drilled towards the
east. The hole intersected Glory Hole volcanics from surface to 128 m and entered hydrothermal
breccia to 202 m. After crossing a fault, it intersected porphyry to the end of the hole. Alteration
associated with breccia is kaolinite and sericite with subordinate chlorite. The breccia contains
pyrite associated with 0.8 g/t silver and anomalous tellurium and bismuth, suggesting potential for
copper mineralization at depth.
The Eastern Area 51, located 500 m northeast of Area 51 (Figure 1) , is dominated by Proterozoic
sedimentary rocks, including skarn altered limestone and quartzite. These rocks are intruded by porphyry
and breccias. A steeply southeast dipping vein cross cutting porphyry is documented. Surface grab samples
from this vein have up to 0.7% silver and 8% copper. Additional drilling in this area is being evaluated.
▪ Drill hole FCD-24-079 is a reconnaissance hole testing the vein and adjacent rocks for copper and
precious metal mineralization. The hole starts in Proterozoic limestone with skarn alteration to 10
m, followed by quartzite to 21 m, porphyry to 151 m and granodiorite to the end of the hole. The
vein zone was intersected from 48 m to 51 m. Hematite related to weathering is abundant from
surface to 145 m. Elevated silver has been identified from surface to 58 m with the vein zone
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containing up to 153 g/t silver. Copper mineralization occurs as oxide and is restricted to the vein
zone and adjacent wall rock.
Next Steps
Phase III drilling continues with the current focus on near-surface mineralization in the American Eagle and
Rum areas.
To date, through the combined Phase II and Phase III drill programs, which are not included in the Mineral
Resource Estimate, the Company has released results from 73 drill holes as follows:
▪ 46 drill holes were drilled on new targets that are entirely outside of the resource boundary;
▪ 20 drill holes were step-out holes testing extensions to the mineral resource; and
▪ 7 drill holes were drilled within the resource area, targeting expansion of the higher-grade cores.
The Company has conducted over 30,000 metres of incremental drilling beyond the current Mineral
Resource Estimate, with the new targets representing a significant opportunity to enhance the project value.
The assay results for additional completed drill holes will be released as they are received, analyzed and
confirmed by the Company.
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Figure 1: Location Map
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Figure 2: Plan View Showing Surface Geology and Location of the Drill Holes in the American Eagle Area
Note: The open pit shell is based on constraints used in the MRE as presented in the report titled “Copper Creek Project
NI 43 -101 Technical Report and Preliminary Economic Assessment” with an effective date of May 3, 2023 (the
“Technical Report”) available on the Company’s website at www.faradaycopper.com and on the Company’s SEDAR+
profile at www.sedarplus.ca.
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Figure 3: Cross Section Showing Phase III Drill Hole at Prada and Boomerang
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Figure 4: Isometric View Showing Phase III Drill Holes in the American Eagle Area
Note: The field of view represents an approximately 700-metre-thick slice. The open pit shells and underground footprint
are based on constraints used in the MRE as presented in the Technical Report available on the Company’s website
at www.faradaycopper.com and on the Company’s SEDAR+ profile at www.sedarplus.ca. For drill holes not reported
herein, refer to news releases dated June 25, 2024, July 25, 2024, August 21, 2024, September 24, 2024, and October
17, 2024.
Figure 5: A Core Sample from Drill Hole FCD-24-082
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Table 1: Selected Drill Results
Drill Hole ID From To Length True
Width Cu Au Ag Mo
(m) (m) (m) (m) (%) (g/t) (g/t) (%)
FCD-24-077 25.37 222.57 197.20 197 0.22 N/A 0.77 0.0007
including 86.00 171.00 85.00 85 0.31 N/A 1.07 0.0008
and including 86.00 102.11 16.11 16 0.45 N/A 1.35 0.0005
and including 134.79 171.00 36.21 36 0.36 N/A 1.26 0.0012
and 287.30 320.07 32.77 32 0.21 N/A 0.66 0.0018
and 378.91 393.55 14.64 14 0.24 N/A 2.00 0.0010
FCD-24-079 0.00 58.08 58.08 45 0.07 N/A 19.10 0.0003
Including 47.23 56.13 8.90 7 0.34 0.03 42.84 0.0003
FCD-24-080 5.40 28.70 23.30 23 0.17 N/A 1.48 0.0002
and 66.53 73.15 6.62 6 0.31 N/A 0.50 0.0002
FCD-24-082 168.92 287.20 118.28 68 0.30 0.01 1.14 0.0015
Including 213.83 236.37 22.54 13 0.53 0.02 1.39 0.0011
and 417.90 527.32 109.42 63 0.41 0.01 1.24 0.0074
Including 459.08 499.14 40.06 23 0.78 0.02 2.28 0.0182
FCD-24-083 No significant values.
Note: All intercepts are reported as downhole drill widths. Mineralization includes bulk porphyry style and breccia
mineralization. True widths are approximate due to the irregular shape of mineralized domains. N/A: Not analyzed.
Table 2: Collar Locations from the Drill Holes Reported Herein
Drill Hole ID Easting Northing Elevation Azimuth Dip Target Depth Depth
(m) (°) (°) (ft) (m)
FCD-24-077 549097 3623420 1,307 302 45
American
Eagle
North
1328.8 435.95
FCD-24-079 550131 3622788 1,435 280 45 Area 51
East 825.0 270.66
FCD-24-080 547275 3625755 1,399 145 55 Rum 1270.9 416.97
FCD-24-082 548951 3623150 1,293 059 55 Prada-
Boomerang 1661.1 544.98
FCD-24-083 547144 3625676 1,412 072 45 Rum 965.8 316.87
Note: Coordinates are given as World Geodetic System 84, Universal Transverse Mercator Zone 12 north (WGS84,
UTM12N).
Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All sampling was conducted under the supervision of the Company's geologists and the chain of custody
from Copper Creek to the independent sample preparation facility, ALS Laboratories in Tucson, AZ, was
continuously monitored. The samples were taken as ½ core, over 2 m core length. Samples were crushed,
pulverized and sample pulps were analyzed using industry standard analytical methods including a 4-Acid
ICP-MS multielement package and an ICP-AES method for high-grade copper samples. Gold was analyzed
on a 30 g aliquot by fire assay with an ICP-AES finish. A certified reference sample was inserted every 20th
sample. Coarse and fine blanks were inserted every 20th sample. Approximately 5% of the core samples
were cut into ¼ core and submitted as field duplicates. On top of internal QA-QC protocol, additional blanks,