Faraday Copper Intersects Near-Surface Supergene Copper Mineralization at the Globe and Copper Giant Breccias, Including 10.08 Metres at 3.62% Copper and 38.90 Metres at 0.51% Copper
NEWS RELEASE May 15, 2025
Faraday Copper Intersects Near-Surface Supergene Copper
Mineralization at the Globe and Copper Giant Breccias, Including
10.08 Metres at 3.62% Copper and 38.90 Metres at 0.51% Copper
May 15, 2025 – Vancouver, British Columbia – Faraday Copper Corp. (“Faraday” or the “ Company”)
(TSX:FDY) (OTCQX:CPPKF) is pleased to announce the results of seven drill holes from its Phase III drill
program at the Copper Creek Project, located in Arizona (“Co pper Creek”) . These holes targeted near-
surface supergene copper mineralization with the goal of better understanding the distribution of oxide
mineralization. Five holes were drilled near the Globe breccia and two near the Copper Giant breccia.
Paul Harbidge, President and CEO, commented, “These results demonstrate the continuity of supergene
mineralization within the first 40 metres from surface. We have confirmed the presence of a n enrichment
blanket with high copper grades at Globe and expanded copper oxide mineralization to the north .
Historically, there has been limited drilling targeting copper oxide mineralization across the deposit, and we
see the potential to significantly expand the near -surface oxide resource through additional drilling,
ultimately producing copper cathode early in the project life to significantly enhance shareholder returns. ”
Highlights
▪ Expanded near-surface supergene oxide and secondary copper sulphide mineralization
near the Globe and Copper Giant breccias.
▪ At the Globe breccia, intersected 10.08 metres (“m”) at 3.62% copper from 65.92 m
(approximately 30 m below surface) in drill hole FCD-25-107. This intercept corresponds to a
secondary chalcocite enrichment zone.
▪ North of the Globe breccia, intersected 38.90 m at 0.51% copper from 3.55 m in drill hole FCD-
25-111. Copper in this intercept is largely contained in oxide minerals such as malachite and
chrysocolla.
▪ At the Copper Giant breccia, intersected 27.46 m at 0.50% copper from 6.10 m in drill hole
FCD-25-104. This intercept includes near-surface copper oxide, transitioning to copper sulphide
mineralization from 21 m downhole.
(For true width information see Table 1)
Zach Allwright, VP Projects and Evaluations, commented, “The opportunity to delineate additional near-
surface oxide mineralization in future drill programs is highly encouraging. These high-grade oxide domains
have demonstrated excellent recoveries via heap leaching (refer to news release dated February 26, 2024)
and offer the potential to optimize the project staging with high-margin cathode production upfront as part
of the initial pre -strip, prior to transitioning to copper production from sulphide s. I look forward to further
exploration to target near-surface oxide resource growth in subsequent drill programs.”
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Copper Oxide and Enrichment Zones
Seven short holes were drilled near the Globe and Copper Giant breccias to better understand the
distribution of oxide mineralization and enrichment zones. Historically, there has been limited drilling
targeting copper oxide across the deposit and there is the potential to expand the near -surface oxide
resource as the project advances.
Copper oxide mineralization is a product of weathering of primary copper mineralization and generally
occurs within the first 40 m from surface at Copper Creek . Copper o xide minerals such as malachite,
chrysocolla or tenorite can be processed through heap-leaching (refer to news release dated February
26, 2024), which offers the potential to produce copper cathode early in the mine life and with low
capital expenditure . Near the base of the oxide zone , secondary copper sulphides such as chalcocite
precipitate and can form an enrichment blanket consisting of high-grade copper mineralization.
▪ Drill hole FCD-25-104 was collared north of Co pper Giant and drilled to the west. It intersected
hydrothermal breccia from surface to 32 m, and Glory Hole volcanics to the end of the hole except
for two granodiorite dykes at 60 m to 62 m and 75 m to 77 m. Alteration is sericite-kaolinite affecting
the breccia domain and chlorite-biotite in the volcanics with some magnetite and potassium feldspar
near the breccia contact. Copper mineralization occurs as oxide, including chrysocolla and tenorite,
in the top 20 m of the hole transitioning into a domain with chalcocite and relict chalcopyrite as well
as chrysocolla and tenorite.
• Drill hole FCD-25-106 was collared northwest of Copper Giant and drilled to the northwest . The
hole intersected Glory Hole volcanics with granodiorite dykes from 12 m to 16 m, from 24 m to 26
m and from 84 m to 86 m. Fine grained secondary biotite with variable amounts of chlorite, actinolite
and carbonate make up the alteration of the volcanics. Mineralization, consisting of chalcopyrite
with pyrite, is limited to localized porphyry style veins from 70 m to 72 m and from 117 m to 123 m
downhole.
• Drill hole FCD-25-107 was collared west of the Globe breccia and drilled to the east. After 12 m of
volcanics the hole entered hydrothermal breccia to 77 m and went back into volcanics to the end
of the hole. Alteration associated with the breccia is sericitic with kaolinite being significant below
51 m. Primary sulphides are largely oxidized to goethite and hematite as well as subordinate
jarosite to a depth of 68 m. Copper mineralization occurs as malachite, chrysocolla and tenorite
near the top of the hole whereas chalcocite together with chrysocolla, tenorite and cuprite make up
the high-grade mineralization starting at 66 m. The breccia interval is characterized by elevated
silver and molybdenum.
• Drill hole FCD -25-109 was collared west of the Globe breccia and drilled to the southeast. It
intersected hydrothermal breccia from 10 m to 57 m and Glory Hole volcanics at the top and bottom
of the hole. Alteration associated with breccia is sericitic. Primary sulphides are oxidized to jarosite,
goethite and lesser hematite to a depth of 58 m . Copper mineralization occurs as malachite,
chrysocolla and tenorite. The breccia interval is characterized by elevated silver and molybdenum.
• Drill hole FCD-25-110 was collared west of the Globe breccia and drilled to the north. For the first
3 m, Glory Hole volcanics were intersected, followed by locally intensely fractured granodiorite to
62 m. Volcanics make up the remainder. The granodiorite is sericite altered. Sulphides are largely
oxidized to goethite and hematite to 53 m.
• Drill hole FCD -25-111 was collared north of the Glory Hole breccia and was drilled to the
southeast. It intersected Glory Hole volcanics for its entire length. Fine-grained biotite alteration
overprinted by minor sericite and kaolinite is present throughout . Goethite and hematite coat
fracture surfaces together with copper oxide minerals that include malachite, chrysocolla and
tenorite. Chalcocite, native copper and tenorite occur from 41 m to 43 m.
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• Drill hole FCD-25-112 was collared north of the Glory Hole breccia and was drilled to the north. It
intersected Glory Hole volcanics for its entire length. Fine-grained biotite alteration overprinted by
minor sericite is observed from 18 m to 45 m . Goethite and hematite coat fracture surfaces to a
depth of approximately 40 m. Copper mineralization is contained in oxide minerals including
chrysocolla and tenorite in the top 13 m of the hole.
Next Steps
Phase III drilling commenced in October 2023 and concluded in mid-April 2025.
The Company has completed nearly 40,000 metres of incremental drilling beyond the current Mineral
Resource Estimate (“MRE”) 1, which represents a significant opportunity to enhance the project value by
increasing the open pit mineral resource.
Remaining assay results from nine drill holes are expected from the American Eagle area and district
exploration targets and will be released as they are received, analyzed and confirmed by the Company.
The Company anticipates the release of an updated technical study and mineral resource estimate near the
end of the third quarter of 2025.
Figure 1: Plan View Showing Surface Geology and Location of the Drill Holes
Note: The open pit shell is based on constraints used in the MRE as presented in the Copper Creek Technical Report1.
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Figure 2: Cross Section Showing Drill Holes FCD-25-111 and FCD-25-112
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-25-104 6.10 33.56 27.46 18 0.50 0.05 1.48 0.0010
FCD-25-107 7.68 12.00 4.32 4 0.75 N/A 0.42 0.0003
and 65.92 76.00 10.08 7 3.62 0.02 6.02 0.0047
FCD-25-109 60.44 71.14 10.70 8 0.57 N/A 0.39 0.0009
FCD-25-111 3.55 42.45 38.90 28 0.51 N/A 0.15 0.0011
including 9.14 18.75 9.61 7 0.84 N/A 0.12 0.0012
FCD-25-112 0.00 12.83 12.83 9 0.16 N/A 0.20 0.0022
FCD-25-106 No significant results
FCD-25-110 No significant results
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-25-104 548142 3624821 1,235 300 50 Copper
Giant North 254.8 83.58
FCD-25-106 548066 3624780 1,225 306 45 Copper
Giant North 437.4 143.50
FCD-25-107 547736 3624780 1,281 075 45 Globe oxide 260.4 85.44
FCD-25-109 547736 3624780 1,281 111 45 Globe oxide 294.1 96.50
FCD-25-110 547736 3624780 1,281 337 45 Globe oxide 219.9 72.15
FCD-25-111 547677 3624910 1,275 140 45 Globe oxide 232.6 76.32
FCD-25-112 547677 3624910 1,275 350 45 Globe oxide 165.4 54.25
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. Copper
mineralized samples were also analyzed for acid and cyanide soluble copper. 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 an 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”.
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For additional information please contact:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: [email protected]
Website: www.faradaycopper.com
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Cautionary Note on Forward Looking Statements
Some of the statements in this news release, other than statements of historical fact, are “forward-looking statements” and are based
on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual res ults,
level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-
looking statements. Such forward-looking statements and forward -looking information specifically include, but are not limited to,
statements concerning the exploration potential of the Copper Creek property and the timing of the MRE and PEA.
Although Faraday believes the expectations expressed in such forward -looking statements are based on reasonable assumptions,
such statements should not be in any way construed as guarantees of future performance and actual results or developments may
differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market
prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral
resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capi tal
requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of excha nge; taxation; controls,
regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative
nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and
equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mi neral claims
or property or contests over claims to mineral properties; unexpected delays and costs inhe rent to consulting and accommodating
rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining
necessary licenses, permits and authorizations and complying with permitting require ments, including those associated with the
Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards
associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain
insurance to cover these risks as well as “Risk Factors” included in Faraday’s disclosure documents filed on and available at
www.sedarplus.ca.
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