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Graham Richardson, CFO of Faraday Copper (TSX.V:FDY – OTCQX:CPPKF), joins us to provide an exploration update from 2 high-grade wide-intercept drill holes at the new Banjo Breccia discovery, in the American Eagle Area, at the 100% owned Copper Creek Project in Arizona. The Copper Creek Project already has a 4.2 billion pound copper resource, and all of the ongoing drill results from this Phase 3 program are going to be going into a new resource estimate and updated Preliminary Economic Assessment (PEA) in 2025.
Graham discussed how this near-surface mineralization ties in with all the other breccia mineralization delineated thus far that would be amenable to open-pit mining, and that further at depth there are still the porphyry areas at Keel and American Eagle that may be more of a future underground opportunity.
We then pivoted to all the regional drilling still planned in this expanded Phase 3 exploration program, where a 2nd drill has been added to test the Rum target, Horse Camp target, and to do more follow up drilling at the new Area 51 discovery, which was identified in the Phase 2 drill program.
If you have any questions for Graham regarding Faraday Copper, then please email us at either: [email protected] or [email protected].
Click here to follow the latest news from Faraday Copper
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Graham Richardson, CFO of Faraday Copper (TSX.V:FDY – OTCQX:CPPKF), joins us to provide an exploration update from 2 high-grade wide-intercept drill holes at the new Banjo Breccia discovery, in the American Eagle Area, at the 100% owned Copper Creek Project in Arizona. The Copper Creek Project already has a 4.2 billion pound copper resource, and all of the ongoing drill results from this Phase 3 program are going to be going into a new resource estimate and updated Preliminary Economic Assessment (PEA) in 2025.
Graham discussed how this near-surface mineralization ties in with all the other breccia mineralization delineated thus far that would be amenable to open-pit mining, and that further at depth there are still the porphyry areas at Keel and American Eagle that may be more of a future underground opportunity.
We then pivoted to all the regional drilling still planned in this expanded Phase 3 exploration program, where a 2nd drill has been added to test the Rum target, Horse Camp target, and to do more follow up drilling at the new Area 51 discovery, which was identified in the Phase 2 drill program.
If you have any questions for Graham regarding Faraday Copper, then please email us at either: [email protected] or [email protected].
Click here to follow the latest news from Faraday Copper
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