Faraday Copper (TSX:FDY) has received results from eight drillholes, as part of the phase four drilling program at the Copper Creek Project in Arizona, US.
At the American Eagle target, six holes intersected near-surface mineralisation above open pit cut-off grade and continue to confirm the potential for an open pit resource to be defined above the existing underground resource.
Some of the latest results include 93.05m @ 0.44% copper from 122m, including 16.15m @ 1.24% copper from 198.8m; and 67m @ 0.40% copper from 79m, including 33m @ 0.59% copper from 103m.
Meanwhile, one hole – targeting the northeast extension of the Keel target – intersected 551m @ 0.34% copper from 564m, including 18m @ 0.72% copper from 676m.
CEO Paul Harbidge says the results increase the company’s confidence in expanding the near-surface mineralisation in the American Eagle area.
“In addition, the drillhole at Keel, which was also intended for hydrogeological data gathering, demonstrates that the underground mineralisation remains open for expansion with further drilling,” Harbidge says.
“Phase four drilling is ongoing and is focused on increasing the open pit potential, testing district exploration targets and collecting hydrogeological and geotechnical data that will be used in future technical studies.”
To date, 16 holes for 5,783m of drilling have been completed, of which 15 holes were drilled at American Eagle and one at Keel. Assays for additional holes will be released as they are received, analysed and confirmed.
Faraday Copper is a mineral explorer focused on avdancing its flagship copper project in Arizona. Copper Creek is an undeveloped copper project with district-scale exploration potential.
Write to Aaliyah Rogan at Mining.com.au
Images: Faraday Copper
