Faraday Copper Intersects 47.95 Metres at 0.74% Copper Within 304.40 Metres at 0.35% Copper in the American Eagle Area
NEWS RELEASE January 30, 2025
Faraday Copper Intersects 47.95 Metres at 0.74% Copper
Within 304.40 Metres at 0.35% Copper in the American Eagle Area
January 30, 2025 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “Company”)
(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results of six drill holes from its ongoing Phase III
drill program at the Copper Creek Project, located in Arizona (“Co pper Creek”). Five holes were drilled in
the American Eagle area and one at Old Reliable.
Paul Harbidge, President and CEO, commented “These latest drill hole results continue to expand the near-
surface mineralization in the American Eagle area. These include the first results from the Jailhouse breccia,
which are starting to fill the gap between Mam moth and the American Eagle area. Currently, Mammoth
represents the largest portion of the open pit resource1 and the American Eagle area is demonstrating a
similar potential. It is particularly exciting to see not only the high-grade breccias, but also the broad zones
of porphyry style mineralization, which supports the potential for maintaining a low strip ratio.”
“As we continue to receive excellent drill results in the American Eagle area, we expect a data cut-off later
in the first quarter and the delivery of the updated technical study in the second half of 2025.”
Highlights
▪ Drilling in the American Eagle area continues to demonstrate that newly identified near-
surface copper mineralization is present in both high-grade breccias and porphyry-style
veins (Figures 1 and 4).
▪ In the American Eagle area, west of the Banjo breccia, drill hole FCD-24-091 intersected
304.40 metres (“m”) at 0.35% copper and 0.87 grams per tonne (“g/t”) silver from 170.09 m,
including 47.95 m at 0.74% copper and 1.15 g/t silver from 180.42 m.
o The mineralization in this drill hole is contained in porphyry-style veins as well as in breccia.
o Additional intercepts of porphyry-style vein mineralization in this hole include 15.69 m at
0.29% copper from 8.39 m and 29.74 m at 0.30% copper from 108.54 m.
▪ West of the American Eagle breccia, drill hole FCD-24-088 intersected 131.36 m at 0.47%
copper and 1.18 g/t silver from 382.81 m (290 m from surface), including 68.13 m at 0.65%
copper and 1.51 g/t silver from 394.29 m.
o The mineralization in this drill hole is contained in breccia and porphyry-style veins.
▪ At the Jailhouse breccia, the first drill hole in this new target, FCD-24-081, intersected 84.83
m at 0.39% copper and 0.98 g/t silver from 34.96 m, including 39.60 m at 0.68% copper and
1.56 g/t silver from 77.00 m. The hole was terminated in strongly mineralized breccia due to
mechanical issues. Follow-up drilling is underway.
o Jailhouse breccia drill results begin to fill the gap between Mammoth and the
American Eagle area, offering additional open pit resource potential, while
maintaining a low strip ratio.
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▪ Dr. Thomas Bissig received the 2024 Colin Spence Award for Excellence in Global Mineral
Exploration by The Association for Mineral Exploration (“AME”) at the 2025 Roundup
Conference. This recognition celebrates the discovery of significant new near-surface copper
mineralization at the Copper Creek Project by Faraday's geology team under Dr. Bissig's leadership
(AME News Release).
(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 4). These surface expressions locate above the large underground porphyry mineral resource 1, which
is approximately 500 m to 1,100 m depth below surface. Historically, the near -surface mineralization was
not adequately tested as previous drilling was vertical to steeply inclined. Mapped geology, isolated
historical drill intercepts and historica l small -scale mining highlight the potential for near -surface
mineralization. The Company has reported assay resul ts for twenty drill holes from this area as part of the
current program (for drill holes not reported herein, refer to news r eleases on the Company’s website and
SEDAR+ profile at www.sedarplus.ca). 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.
▪ Drill hole FCD-24-081 is the first hole drilled into the Jailhouse breccia. It was collared 20 m south
of the breccia and drilled to the north. The hole intersected granodiorite to 13 m and breccia to the
end of the hole. Short intervals of porphyry are present at 74 m to 75 m and 86 m to 89 m. Alteration
is quartz -sericite and lesser tourmaline. Copper is contained in chalcopyrite and traces of
chalcocite, which occur together with pyrite as breccia cement. This hole was terminated in strongly
mineralized breccia, due to mechanical issues. Mineralization remains open at depth and follow-
up drilling is currently underway.
▪ Drill hole FCD-24-085 was collared near drill hole FCD-24-081 and drilled towards the southwest,
targeting the Courthouse breccia. The first 42 m are in granodiorite, followed by 5 m of porphyry.
From 47 m to 192 m hydrothermal breccia is the dominant lithology, followed by granodiorite to the
end of the hole, except for hydrothermal breccia from 264 m to 281 m. Alteration associated with
breccia is potassium feldspar overprinted by quartz-sericite. In the upper breccia domain, pyrite is
the dominant breccia cement with locally significant chalcopyrite and chalcocite. The lower breccia
is characterized by abundant chalcopyrite cement, corresponding to the high-grade intersection in
this hole. Follow-up drilling is planned below this drill hole where copper grades are expected to
increase.
▪ Drill hole FCD -24-087 was collared near drill hole FCD -24-081 and drilled to the northeast
targeting the Jailhouse breccia and the Post-office area. The hole intersected granodiorite to 13 m,
followed by breccia and short porphyry intercepts to 59 m. Granodiorite is present to 104 m,
followed by a domain of alternating breccia and porphyry to 158 m, and granodiorite to the end of
the hole. Quartz-sericite-kaolinite is the dominant alteration associated with breccias and porphyry.
Chalcopyrite occurs together with pyrite and, locally chalcocite as breccia cement and lesser
disseminations and veinlets.
▪ Drill hole FCD -24-088 was collared west of the Prada breccia and drilled to the north, targeting
the western extension of the American Eagle breccia. It intercepted mostly granodiorite to 332 m
with domains of breccia and post -mineral porphyry from 51 m to 82 m and 100 m to 145 m. From
332 m to 424 m , porphyry and igneous cemented breccia dominate with local occurrence of
hydrothermal breccia, which becomes dominant from 424 m to 486 m. From 486 m to 520 m, it
intersected granodiorite , and porphyry to the end of the hole. Potassic alteration, moderately
overprinted by sericite-chlorite and kaolinite is associated with breccia domains in the first 150 m
of the drill hole. Potassic alteration with a more intense sericite-kaolinite overprint is observed from
400 m to the end of the hole. Chalcopyrite increases below 300 m and occurs together with pyrite
mostly in porphyry-style veins, but also as breccia cement.
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▪ Drill hole FCD -24-091 was collared 100 m northeast of the American Eagle breccia and drilled
steeply to the northeast, testing the Banjo West breccia. The hole intersected granodiorite to 177
m, hydrothermal breccia to 233 m and granodiorite to the end of the hole. Alteration in the breccia
domain is quartz -sericite, with kaolinite -sericite from 110 m to 140 m. Chalcopyrite is present
together with pyrite as breccia cement and in veinlets. Trace chalcocite has been observed from
surface to approximately 177 m.
Old Reliable was the site of small-scale underground mining for copper and molybdenum until the 1930s.
Starting in the 1970s, an in-situ leach operation recovered some of the near -surface copper oxide
mineralization, while t he sulphide -hosted mineralization remains in place. During the 1990s, densely
spaced vertical drilling led to resource definition to approximately 200 m below surface. Several of those
drill holes end in mineralization, prompting recent drilling by the Company.
▪ Drill hole FCD -24-084 was collared approximately 100 m north of the Old Reliable breccia and
drilled to the southwest, targeting the Old Reliable breccia below recently reported drill intercepts
(Figure 1). The hole intersected Glory Hole volcanics to 2 43 m, hydrothermal breccia to 256 m,
granodiorite to 300 m, porphyry to 339 m and granodiorite to the end of the hole. The hydrothermal
breccia appears to be controlled by the contact between the volcanics and the granodiorite and is
intensely quartz-sericite altered. Chalcopyrite occurs together with pyrite as breccia cement and in
veinlets.
Next Steps
Phase III drilling continues with the current focus on near-surface mineralization, particularly in the American
Eagle area.
To date, through the combined Phase II and Phase III drill programs, which are not included in the Mineral
Resource Estimate (“MRE”)1, the Company has released results from 79 drill holes as follows:
▪ 51 drill holes were drilled on new targets that are entirely outside of the resource boundary;
▪ 21 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.
A metallurgical program is nearing completion, testing copper recoveries from near-surface breccia and
porphyry-style vein material. Samples were taken in the American Eagle area, including the Banjo breccia,
as well as Area 51 and Old Reliable. The program focuses on confirming the potential to increase mill
throughput and reduce processing cost though coarse particle flotation.
The Company has conducted over 30,000 metres of incremental drilling beyond the current MRE1, 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.
The Company anticipates a data cut-off by the end of the first quarter of 2025 and the release of an updated
technical study in the second half of 2025.
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Figure 1: 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 2: Cross Section Showing Drill Hole FCD-24-091
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Figure 3: Cross Section Showing Drill Holes FCD-24-081 and FCD-24-087
Note: Drill hole FCD-24-081 was terminated in strongly mineralized breccia due to mechanical issues. Mineralization
remains open at depth and follow-up drilling is currently underway.
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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 shell 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, November 19, 2024, and January 8, 2025.
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-24-081 34.96 119.79 84.83 30 0.39 0.01 0.98 0.0005
including 77.00 116.60 39.60 14 0.68 0.02 1.56 0.0003
FCD-24-084 57.69 75.45 17.76 17 0.14 N/A 0.38 0.0014
And 234.42 253.90 19.48 12 0.36 N/A 1.58 0.0008
FCD-24-085 276.45 282.68 6.23 4 2.62 0.07 5.67 0.0115
FCD-24-087 24.66 63.68 39.02 25 0.28 N/A 1.04 0.0003
Including 48.58 59.71 11.13 7 0.67 N/A 2.32 0.0004
FCD-24-088 324.54 345.47 20.93 20 0.18 <0.01 0.62 0.0006
and 382.81 514.17 131.36 131 0.47 0.01 1.18 0.0017
including 394.29 462.42 68.13 68 0.65 0.01 1.51 0.0013
FCD-24-091 8.39 24.08 15.69 15 0.29 N/A 2.06 0.0007
and 108.54 138.28 29.74 29 0.30 N/A 0.80 0.0011
and 170.09 474.49 304.40 300 0.35 0.01 0.87 0.0014
Including 180.42 228.37 47.95 8 0.74 0.02 1.15 0.0011
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.
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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-24-081 548901 3623670 1219 000 70 Jailhouse 365.1 119.79
FCD-24-084 547789 3624171 1218 212 54 Old
Reliable 1335.2 439.22
FCD-24-085 548905 3623670 1219 255 51 Courthouse 911.0 298.89
FCD-24-087 548906 3623672 1219 023 50 Jailhouse 992.2 325.53
FCD-24-088 548946 3623148 1295 351 55 American
Eagle W 1649.0 541.02
FCD-24-091 549098 3623416 1307 038 80 Banjo W 1542.4 501.12
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,
reference materials and duplicates were inserted by the analytical laboratory according to their procedure.
Data verification of the analytical results included a statistical analysis of the standards and blanks that
must pass certain parameters for acceptance to ensure accurate and verifiable results.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved
by Faraday’s VP Exploration, Dr. Thomas Bissig, P. Geo., who is a Qualified Person under National
Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”).
Notes
1 The Mineral Resource Estimate is 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 , available on the
Company’s website at www.faradaycopper.com and on the Company’s SEDAR+ profile at
www.sedarplus.ca.
About Faraday Copper
Faraday Copper is a Canadian exploration company focused on advancing its flagship copper project in
Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North
America with significant district scale exploration potential . The Company is well -funded to deliver on its
key milestones and benefits from a management team and board of directors with senior mining company
experience and expertise. Faraday trades on the TSX under the symbol “FDY”.