공지 • Jul 26
Faraday Copper Corp. Announces the Results of an Additional Four Drill Holes from its Ongoing Phase III Drill Program at the Copper Creek Project, Located in Arizona, U.S
Faraday Copper Corp. announced the results of an additional four drill holes from its ongoing Phase III drill program at the Copper Creek Project, located in Arizona, U.S. (‘Copper Creek’). Drilling to date, as part of this program in the American Eagle area, has demonstrated the continuity in near-surface mineralization. Highlights: At the Prada breccia, drill hole FCD-24-069 demonstrates that near-surface mineralization is present and confirms the potential for resource growth. Intersected 29.08 metres (‘m’) at 0.62% copper and 1.14 gram per tonne (‘g/t’) silver from 145.69 m in drill hole FCD-24-069 at the Prada breccia. This intercept is within a 190.25 m at 0.23% copper and 0.66 g/t silver from 15.00 m. Three additional drill holes in the American Eagle area intersected near-surface, early halo vein mineralization outside of breccias. Current drilling is focused on expanding the near-surface mineralization in the American Eagle area including the Banjo, Jailhouse and Giuseppe breccias. The American Eaglearea, as mapped on surface, covers approximately 800 m by 1,000 m and is a host to numerous prospective breccias and porphyries which have strong copper geochemical signatures. These surface expressions are located above the large underground porphyry resource, 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 historical small-scale mining highlight the potential for near-surface mineralization. The Company has reported a total of six drill holes, which provide a broad framework of the geology, structure, alteration and mineralization of this area. The assay results confirm the potential for significant near-surface copper mineralization, which could lead to open pit resource growth. Drill hole FCD-24-069 was collared approximately 100 m to the southeast of American Eagle and drilled to the southwest, testing the Prada breccia. The hole drilled igneous cemented breccia for the first 13 m and then entered hydrothermal breccia to 220 m. Granodiorite dominates to the end of the hole at 324 m with a breccia domain included from 274 m to 300 m. Chalcopyrite occurs together with pyrite in breccia cement. Alteration associated with breccia is sericite with some tourmaline, overprinting earlier moderate potassic alteration which affects the host granodiorite. Drill hole FCD-24-068 was collared near the American Eagle breccia and drilled to the north. It intersected largely granodiorite from surface to 152 m and porphyry to 273 m, and then re-entered granodiorite. Chalcopyrite mineralization is hosted in early halo veins from 95 m to the end of the hole. Dominant alteration is potassic with a sericite overprint. Drill hole FCD-24-067 was collared near the American Eagle breccia and drilled to the northwest, targeting zones of high vein abundance mapped at surface and ending near the Courthouse breccia. It intersected granodiorite from surface to 162 m, followed by a zone of igneous cemented breccia and porphyry to 285 m, the remainder intersected granodiorite. Hydrothermal breccia was limited to two short intervals at 285 m and 355 m. Mineralization is hosted in early halo veins and associated with potassic alteration. Sericite and kaolinite overprint is observed throughout the hole. Drill hole FCD-24-066A was collared near the American Eagle breccia and drilled steeply to the northwest. It targeted mineralization adjacent to the historical underground workings at American Eagle, where approximately 54,000 metric tonnes at 3.78% copper were extracted from a series of narrow stopes to 90 m depth (Higgins, 1911). Underground workings were encountered from 77 m to 79 m. The hole intersected granodiorite with short domains of porphyry. Igneous cemented breccia with variable hydrothermal overprint occurs from 125 m to 128 m and 135 m to 141 m. Mineralization occurs dominantly as chalcopyrite with pyrite in veinlets and is associated with moderate sericite-kaolinite alteration with local occurrence of tourmaline. Next Steps: Phase III drilling continues and is focused on three objectives: Reconnaissance and follow-up drilling on new targets; Expanding the Mineral Resource Estimate (‘MRE’); and Better delineating high-grade mineralized zones. The current focus of drilling is on near-surface mineralization in the American Eagle area. The drill holes reported herein, and holes FCD-24-064 and FCD-24-065, reported previously, have demonstrated the potential for an open pit resource to be defined. As part of the Phase III program, 36 drill holes have been completed and results for 32 have been released. Fifteen holes were drilled in the Bald-American Eagle area, thirteen in Area 51, three in the Copper Prince - Copper Giant area, three near the Old Reliable breccia and two in the Titan breccia. The assay results for additional completed drill holes will be released as they are received, analyzed and confirmed by the Company. 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.
