Faraday Copper Receives Approval From the Bureau of Land Management for Its Notice of Intent To Conduct Drilling at Its Copper Creek Project in Arizona

VANCOUVER, BC / ACCESSWIRE / May 2, 2024 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce that it has received approval from the U.S. Bureau of Land Management ("BLM") for its Notice of Intent ("NOI") to conduct drilling on eleven drill pads at its Copper Creek Project in Arizona ("Copper Creek").

Paul Harbidge, President and CEO, commented "Approval of the NOI is significant as it allows us to drill high-priority targets above the American Eagle porphyry and in the Rum area. This drilling has the potential to unlock significant value by adding high-grade, near-surface mineralization to the current resource. We are currently evaluating bringing additional drill rigs to the project."

Highlights

	Nine drill pads permitted in the American Eagle area, targeting near-surface breccia-hosted mineralization;
	Two drill pads permitted in the Rum area, targeting porphyry-hosted mineralization exposed at surface; and
	Earthworks contractors are being mobilized to re-establish road access and prepare drill pads.

American Eagle Area Overview

The American Eagle area includes numerous breccias mapped at surface (Figures 1 and 2). Historically, this area was drilled by near-vertical holes to define the American Eagle porphyry mineralization at depth. Near-surface breccia-hosted mineralization remains largely untested. Analysis of surface outcrops by portable X-ray fluorescence analyzer¹ ("pXRF") returned elevated copper values which, together with copper oxide staining, was used to prioritize drill targets.

Rum Area Overview

The Rum area is located approximately 3.5 km northwest of the Amerian Eagle area. It includes hydrothermal breccias and granodiorite porphyry intruding Glory Hole Volcanics. Copper oxide mineralization is present in porphyry outcrops with a historical drill hole (R-1-1X) intersecting near-surface high-grade mineralization of 48.77 metres at a grade of 1.07% copper from surface (true width is unknown due to the orientation of the drill hole). The drill pads allow testing the extent of mineralization as well as targeting untested breccias in this area.