Largest Drill Program To Date At Copper Creek Project

VANCOUVER – Paul Harbidge, President and CEO of Faraday Copper Corp., said, The 40,000-metre (m) Phase IV drill program at the Copper Creek Project, located in Arizona has commenced. The start of our Phase IV drill program, the largest drill program ever planned on the project to date. From just nine pads on federal land, Phase III drilling in the American Eagle area resulted in the discovery of multiple mineralized breccias, including the high-grade Banjo breccia. Importantly, the recent approval of our Exploration Plan of Operations provides access to 67 drill pads on federal land, 48 of which are located in the American Eagle area. This now allows us to fully delineate multiple mineralized breccias and porphyry occurrences as well as near surface oxide mineralization. As a result, we have decided to focus on this exciting exploration upside to fully evaluate the American Eagle area and test other high-priority targets across the property. Growing the resource and maximizing the economic potential is our priority – and, therefore, we have deferred the updated resource and technical study until after this drill program is completed.”
An estimated 40,000 m diamond drill program has commenced with the goal of building on the Company’s previous drilling success. The program will focus on the American Eagle area as well as new targets, infill, geotechnical, infrastructure, and hydrological drilling: 1) ~20,000 m focused on American Eagle near-surface mineralization. 2) ~10,000 m targeting oxide mineralization to increase the potential of copper cathode production, which provides optionality for early cash-flow and domestic copper production. 3) ~10,000 m for new discoveries in the Copper Creek district.
Assay results for completed drill holes will be released as they are received, analyzed and confirmed by the Company.