Resource update in 2025
Faraday Copper has reported the results of two drill holes from its phase three drilling programme at its Copper Creek project in Arizona, USA in the near-surface mineralisation in the recently discovered Banjo breccia in the American Eagle area.Highlights included 117.83m grading 1.12% copper and 2.43gpt silver in the Banjo breccia at American Eagle. Banjo has become the largest and highest-grade new breccia discovered by Faraday in the American Eagle area.
"The 2025 resource updates aims to add about 30% more open pit inventory, about 50Mt for the open pit. We are also looking to coarsen the grind to 350 microns to unlock the throughput from 30,000tpd to 45,000tpd to 75,000tpa of copper," Harbidge told delegate at the 2023 Precious Metals Summit in Baver Creek in Colorado, USA in early September.Drilling by Faraday continues and aims to test new targets, expand the resource estimate, and better delineate high-grade zones.
Copper Creek Paul Harbidge Florence Copper World Hermosa Precious Metals Summit 2024 Conner Mackay Ventum Capital Markets
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