Faraday Copper Corp. announced the results of four drill holes from its Phase III program at the Copper Creek Project, located in Arizona, U.S. One hole was drilled at Old Reliable to test resource expansion potential. Three holes were drilled at Area 51 as a follow-up to the recent Starship and Eclipse breccia discoveries.

At Old Reliable, intersected 23.37 metres (m) at 0.60% copper, 0.0242% molybdenum and 2.92 grams per tonne (g/t) silver from 276.81 m in drill hole FCD-24-052. This intercept is within a longer intercept of 117.00 m at 0.40 % copper, 0.0285% molybdenum and 1.72 g/t silver from 222.46 m. o This intercept at Old Reliable is outside the open pit Mineral Resource Estimate (MRE) and confirms that the breccia-hosted mineralization is open at depth. At Area 51, intersected 43.24 m at 0.35% copper and 0.83 g/t silver from 65.23 m in drill hole FCD- 24-048 at the recently discovered Eclipse breccia.

This hole expands the known mineralization of the breccia. o Demonstrated the potential for elevated gold grades at the Starship breccia with 0.22 g/t gold, 1.86 g/t silver and 0.12% copper over 18.52 m from 113.24 m in drill hole FCD-24-049. This intercept contains the highest gold: copper ratio on the project to date.

Old Reliable was the site of small-scale underground mining for copper and molybdenum prior to World War II. Starting in the 1970s, an experimental in-situ leach operation recovered some of the near-surface copper oxide mineralization. The sulphide-hosted mineralization remains in place.

During the 1990s, densely spaced vertical drilling led to resource definition to approximately 200 m below surface. Several of those drill holes end in mineralization and the resource is open at depth and laterally. Follow up drilling is planned for this area.

Drill hole FCD-24-052 was collared north of Old Reliable and drilled to the south. The hole was designed to test the depth extension of the mineralization and is entirely outside the open pit used to constrain the MRE. Mineralization is associated with chalcopyrite as cement within a hydrothermal breccia, as well as in veins surrounding the breccia domain.

Molybdenite veins are also observed crosscutting the breccia and wall rock in the lower half of the drill hole. The drill hole intercepted Glory Hole volcanics with lesser granodiorite porphyry dykes from surface to 218 m, hydrothermal breccia to 324 m and granodiorite to the end of the hole at 409 m. Dominant alteration associated with the breccia is mainly sericite with locally abundant kaolinite. Similar alteration is common in other mineralized breccias.

Area 51 was identified as highly prospective by integrating airborne versatile time domain electromagnetic (VTEM) geophysical data and short wave infrared spectral data together with geological mapping and sampling. Area 51 encompasses a porphyry intrusion with nine mapped breccia bodies over an area of approximately 400 m by 400 m, including Starship and Eclipse. The breccias are interpreted to have been emplaced at a shallow crustal level in the hanging wall of the northwest trending Holy Joe thrust fault, which brought Proterozoic metamorphic rocks in contact with younger sedimentary rock units to the east of Area 51.

This fault is also thought to have controlled the emplacement of the Paleocene Glory Hole volcanics and Copper Creek granodiorite which host the mineral resource. Follow up drilling is currently in progress. Drill hole FCD-24-048 was collared immediately east-southeast of the Eclipse breccia and drilled to the west-northwest.

The mineralization consists of chalcopyrite and chalcocite. The highest grades are associated with chalcopyrite-pyrite and subordinate chalcocite cement in hydrothermal breccia. The hole intersected Glory Hole volcanics in the first 67 m, followed by 80 m of hydrothermal breccia and ends in granodiorite porphyry.

Alteration within and near the breccia is sericite, which is associated with high-grade copper mineralization elsewhere on the property. Drill hole FCD-24-049 was collared close to the surface outcrop of the Starship breccia and drilled steeply the Northwest. The mineralization occurs as chalcocite with subordinate chalcopyrite cement within a hydrothermal breccia, which also includes pyrite and quartz.

This hole intersected 18.52 m at 0.22 g/t gold and 0.12% copper from 113.24 m. This intercept has the highest gold:copper ratio on the project to date. The hole intersected 55 m of hydrothermal breccia from 82 m with a shorter breccia interval of 5 m from 57 m. The breccia intercepts are interpreted as representing the margin of Starship which cross-cuts granodiorite and porphyry. As with the Eclipse breccia, alteration within and near the Starship breccia is sericite which, together with the localized occurrence of barite, suggests that the breccia was emplaced in the epithermal environment and may explain the elevated gold grades.

Drill hole FCD-24-047 was collared southeast of the Starship breccia and drilled steeply to the northwest to test the depth extent of the Starship breccia. The hole remained outside the breccia. The hole intersected Glory Hole volcanics from surface to 282 m which are intruded by granodiorite from 82 m to 129 m. Below 282 m the hole intersected Proterozoic host rocks including Dripping Springs quartzite, Pinal Schist and diabase.