Faraday Copper Receives Bureau of Land Management Approval for Exploration Plan of Operations at its Copper Creek Project
Faraday Copper (OTCQX:CPPKF) has achieved a significant milestone with the Bureau of Land Management's approval of the Exploration Plan of Operations (EPO) for its Copper Creek Project in Arizona. The EPO approval includes up to 67 drill pads on Federal land, with 48 pads near the American Eagle area, 10 pads near existing resource areas, and 9 pads for reconnaissance drilling on untested targets.
The company plans to commence its Phase IV drill program in Q3 2025 and remains on schedule to deliver an updated Mineral Resource Estimate and Preliminary Economic Assessment during the same quarter. The upcoming resource estimate will incorporate approximately 40,000 metres of additional drilling data from Phase II and III programs.
Faraday Copper (OTCQX:CPPKF) ha raggiunto un traguardo importante con l'approvazione da parte del Bureau of Land Management del Piano di Operazioni di Esplorazione (EPO) per il suo progetto Copper Creek in Arizona. L'approvazione dell'EPO prevede fino a 67 piazzole di perforazione su terreni federali, con 48 piazzole vicino all'area American Eagle, 10 piazzole vicino alle aree di risorse esistenti e 9 piazzole per perforazioni di ricognizione su obiettivi non ancora testati.
L'azienda prevede di iniziare il suo programma di perforazione Fase IV nel terzo trimestre del 2025 e rimane in linea con i tempi per fornire una stima aggiornata delle risorse minerarie e una valutazione economica preliminare nel medesimo trimestre. La prossima stima delle risorse includerà circa 40.000 metri di dati aggiuntivi provenienti dai programmi di perforazione delle Fasi II e III.
Faraday Copper (OTCQX:CPPKF) ha alcanzado un hito importante con la aprobación por parte de la Oficina de Administración de Tierras (Bureau of Land Management) del Plan de Operaciones de Exploración (EPO) para su Proyecto Copper Creek en Arizona. La aprobación del EPO incluye hasta 67 plataformas de perforación en tierras federales, con 48 plataformas cerca del área American Eagle, 10 plataformas cerca de áreas de recursos existentes y 9 plataformas para perforaciones de reconocimiento en objetivos no explorados.
La compañía planea iniciar su programa de perforación Fase IV en el tercer trimestre de 2025 y mantiene el cronograma para entregar una estimación actualizada de recursos minerales y una evaluación económica preliminar durante el mismo trimestre. La próxima estimación de recursos incorporará aproximadamente 40,000 metros adicionales de datos de perforación de los programas de Fase II y III.
Faraday Copper (OTCQX:CPPKF)는 애리조나에 위치한 Copper Creek 프로젝트에 대한 탐사 운영 계획서(EPO)가 토지 관리국(Bureau of Land Management)으로부터 승인받는 중요한 이정표를 달성했습니다. EPO 승인은 연방 토지에 최대 67개의 시추대를 포함하며, 이 중 48개는 American Eagle 지역 근처, 10개는 기존 자원 지역 근처, 9개는 미검증 목표를 위한 정찰 시추에 배치됩니다.
회사는 2025년 3분기에 4단계 시추 프로그램을 시작할 계획이며, 같은 분기에 업데이트된 광물 자원 추정치와 예비 경제 평가를 제공할 예정입니다. 이번 자원 추정에는 2단계와 3단계 프로그램에서 수집된 약 40,000미터의 추가 시추 데이터가 반영됩니다.
Faraday Copper (OTCQX:CPPKF) a franchi une étape importante avec l'approbation par le Bureau of Land Management du Plan d'Opérations d'Exploration (EPO) pour son projet Copper Creek en Arizona. L'approbation de l'EPO inclut jusqu'à 67 emplacements de forage sur des terres fédérales, dont 48 emplacements près de la zone American Eagle, 10 emplacements à proximité des zones de ressources existantes et 9 emplacements pour des forages de reconnaissance sur des cibles non testées.
La société prévoit de commencer son programme de forage Phase IV au troisième trimestre 2025 et reste dans les délais pour fournir une estimation mise à jour des ressources minérales ainsi qu'une évaluation économique préliminaire au cours du même trimestre. La prochaine estimation des ressources intégrera environ 40 000 mètres supplémentaires de données de forage issues des programmes des phases II et III.
Faraday Copper (OTCQX:CPPKF) hat einen bedeutenden Meilenstein erreicht: Die Genehmigung des Explorationsbetriebsplans (EPO) für sein Copper Creek Projekt in Arizona durch das Bureau of Land Management. Die EPO-Genehmigung umfasst bis zu 67 Bohrplätze auf Bundesland, davon 48 Plätze in der Nähe des American Eagle-Gebiets, 10 Plätze in der Nähe bestehender Ressourcengebiete und 9 Plätze für Erkundungsbohrungen an bisher ungetesteten Zielen.
Das Unternehmen plant, im dritten Quartal 2025 mit dem Bohrprogramm Phase IV zu beginnen und bleibt im Zeitplan, um im selben Quartal eine aktualisierte Mineralressourcenschätzung sowie eine vorläufige wirtschaftliche Bewertung vorzulegen. Die kommende Ressourcenschätzung wird etwa 40.000 Meter zusätzlicher Bohrdaten aus den Phasen II und III berücksichtigen.
- BLM approval enables exploration of numerous untested breccias with potential for large, near-surface resource
- Approval covers extensive drilling program with 67 new drill pads across multiple target areas
- Company on track to deliver updated Mineral Resource Estimate and PEA in Q3 2025
- 40,000 metres of new drilling data to be incorporated into resource update
- Project still in early exploration phase with inherent geological and resource uncertainty
- Significant capital requirements and operational costs ahead for exploration program
VANCOUVER, BC / ACCESS Newswire / July 2, 2025 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce an important milestone for the Copper Creek Project, located in Arizona ("Copper Creek"), with the approval of the Exploration Plan of Operations ("EPO") by the Bureau of Land Management ("BLM"). The BLM published the final Environmental Assessment, and finding of no significant impact ("FONSI") and issued a related Decision Record approving the EPO on June 30, 2025.
Paul Harbidge, President and CEO, commented, "The EPO approval of up to 67 drill pads is a major catalyst to unlock further value and advance Copper Creek. This approval enables the drilling of numerous untested breccias within the American Eagle area, where recent drilling intersected many mineralized breccias and highlighted the potential for a large, near-surface resource to be defined. In addition, the approval enables drilling of entirely new and untested targets, as well as further infill and step-out opportunities at existing resource areas."
"I'd like to thank the BLM for their hard work in finalizing the approval and look forward to continuing to work with them in the future."
Exploration Plan of Operations
The EPO includes up to 67 drill pads located on Federal land (Figure 1):
48 drill pads in or near the American Eagle area and the southern portion of the Mammoth resource area;
10 drill pads in or near other existing resource areas at Old Reliable, Globe, Copper Prince and Copper Giant; and
9 drill pads that enable reconnaissance drilling on previously untested targets.
Next Steps
With the approved EPO, the Phase IV drill program is expected to commence in the third quarter of this year.
Further, the Company remains on track to deliver an updated Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") during the third quarter of 2025. The updated MRE will incorporate approximately 40,000 metres of incremental drilling completed during the Phase II and Phase III programs.
Figure 1: Plan View Showing Drill Pads and Selected Surface Geology
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Faraday's VP Exploration, Dr. Thomas Bissig, P. Geo., and VP, Projects and Evaluations, Zach Allwright, P.Eng., who are considered a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About Faraday Copper
Faraday Copper is an exploration company focused on advancing its flagship copper project in Arizona, U.S. The Copper Creek Project is one of the largest undeveloped copper projects in North America with significant district scale exploration potential. The Company is well-funded to deliver on its key milestones and benefits from a management team and board of directors with senior mining company experience and expertise. Faraday trades on the TSX under the symbol "FDY".
For additional information please contact:
Stacey Pavlova, CFA
Vice President, Investor Relations & Communications
Faraday Copper Corp.
E-mail: info@faradaycopper.com
Website: www.faradaycopper.com
To receive news releases by e-mail, please register using the Faraday website at www.faradaycopper.com.
Cautionary Note on Forward-Looking Statements
Some of the statements in this news release, other than statements of historical fact, are "forward-looking statements" and are based on the opinions and estimates of management as of the date such statements are made and are necessarily based on estimates and assumptions that are inherently subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of Faraday to be materially different from those expressed or implied by such forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements concerning the exploration potential of the Copper Creek property and the timing of the MRE and PEA.
Although Faraday believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially. Accordingly, readers should not place undue reliance on forward-looking statements or information.
Factors that could cause actual results to differ materially from those in forward-looking statements include without limitation: market prices for metals; the conclusions of detailed feasibility and technical analyses; lower than expected grades and quantities of mineral resources; receipt of regulatory approval; receipt of shareholder approval; mining rates and recovery rates; significant capital requirements; price volatility in the spot and forward markets for commodities; fluctuations in rates of exchange; taxation; controls, regulations and political or economic developments in the countries in which Faraday does or may carry on business; the speculative nature of mineral exploration and development, competition; loss of key employees; rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; unexpected delays and costs inherent to consulting and accommodating rights of Indigenous peoples and other groups; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorizations and complying with permitting requirements, including those associated with the Copper Creek property; and uncertainties with respect to any future acquisitions by Faraday. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and the risk of inadequate insurance or inability to obtain insurance to cover these risks as well as "Risk Factors" included in Faraday's disclosure documents filed on and available at www.sedarplus.ca.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. This press release is not, and under no circumstances is to be construed as, a prospectus, an offering memorandum, an advertisement or a public offering of securities in Faraday in Canada, the United States or any other jurisdiction. No securities commission or similar authority in Canada or in the United States has reviewed or in any way passed upon this press release, and any representation to the contrary is an offence.
SOURCE: Faraday Copper Corp.
View the original press release on ACCESS Newswire
FAQ
What did Faraday Copper (CPPKF) receive approval for from the Bureau of Land Management?
How many drill pads are included in Faraday Copper's approved exploration plan?
When will Faraday Copper begin its Phase IV drilling program at Copper Creek?
When will Faraday Copper release its updated Mineral Resource Estimate and PEA?
How much new drilling data will be included in Faraday Copper's resource update?
