Faraday Copper Corp Stock Price, News & Analysis

Faraday Copper reported its Q3 2024 financial results, highlighting significant drilling results at the Copper Creek Project. Notable intersections include 22.65m at 1.31% copper within 50.20m at 0.74% copper at Banjo breccia, and 117.83m at 1.12% copper within 259.98m at 0.68% copper. The company completed a bought deal financing raising $23 million through share issuance. Financial results show exploration expenses of $3.47M for Q3 2024, with a net loss of $4.34M ($0.02 per share). The company plans to release an updated technical report in H1 2025.

Faraday Copper announced results from a Phase III drill hole at the Copper Creek Project in Arizona. The drill hole FCD-24-074 intersected 22.65 meters at 1.31% copper within 50.20 meters at 0.74% copper from 46.20 meters depth. This discovery, part of the Banjo breccia, highlights significant near-surface mineralization extending to 400 meters depth. The company is focused on expanding near-surface resources, with 75% of Phase III drilling aimed at new discoveries outside the current resource area. Current drilling targets include the Rum and American Eagle areas, both showing promising copper mineralization. The Copper Creek Project has identified 34 exploration targets and continues to test new breccias. Faraday Copper plans to include over 30,000 meters of new drilling in a resource update slated for 2025, enhancing project value. The company ensures rigorous quality control and data verification for all assay results.

Faraday Copper Corp. has announced results from its ongoing Phase III drill program at the Copper Creek Project in Arizona. Key highlights include:

- Drill hole FCD-24-074 intersected 22.65 meters at 1.31% copper within 50.20 meters at 0.74% copper from 46.20 meters depth at the Banjo breccia.

- Mineralization at Banjo now extends from surface to 400 meters depth and remains open.

- The company is focusing 75% of Phase III drilling on discovering additional near-surface mineralization outside the resource area.

- New high-priority targets being drill tested include the Rum area and American Eagle area.

- A detailed district-scale geological map has been compiled to refine the structural model and support exploration targeting.

- Over 30,000 meters of new drilling is expected to be included in a resource update planned for 2025.

Faraday Copper Corp. announced results from two drill holes in its Phase III drill program at the Copper Creek Project in Arizona. Key highlights include:

• Drill hole FCD-24-073 intersected 117.83 meters at 1.12% copper and 2.43 g/t silver within 259.98 meters at 0.68% copper and 1.57 g/t silver at the Banjo breccia.
• Drill hole FCD-24-072 intersected 48.21 meters at 0.41% copper and 1.09 g/t silver within 164.20 meters at 0.28% copper and 0.89 g/t silver.
• Mineralization at the Banjo breccia remains open and follow-up drilling is in progress.
• A second drill rig is being mobilized to test targets outside the American Eagle area.

The company has completed 38 drill holes in the Phase III program, with results released for 36 so far. Drilling continues with objectives to expand the mineral resource estimate and better delineate high-grade zones.

Faraday Copper announced positive drilling results from its Phase III drill program at the Copper Creek Project in Arizona. Two drill holes revealed significant copper mineralization.

Drill hole FCD-24-070 uncovered the Banjo breccia, with 117.90 meters at 1.01% copper and 1.87 g/t silver, within 269.65 meters at 0.64% copper and 1.32 g/t silver. Drill hole FCD-24-071 intersected 88.16 meters at 0.39% copper and 1.43 g/t silver.

The results indicate potential for a substantial near-surface resource, comparable to the Mammoth breccia. Phase III has completed 36 drill holes, with 34 results announced. The focus remains on delineating high-grade zones and expanding the Mineral Resource Estimate.

CEO.CA, a leading investor social network for junior resource and venture stocks, recently interviewed Paul Harbidge, President & CEO of Faraday Copper (TSX: FDY) (OTCQX: CPPKF), as part of their 'Inside the Boardroom' series. The interview focused on updates from the Copper Creek project, where Faraday Copper is reportedly encountering near-surface mineralization during Phase III drilling. This exclusive content aims to provide investors with firsthand knowledge from industry leaders, offering insights into their vision, challenges, and strategies. CEO.CA, a subsidiary of EarthLabs, Inc., is known for its high engagement and mobile functionality, attracting millions of visitors annually seeking to connect with global investors and access information about stocks, commodities, and emerging companies.

Faraday Copper announced its Q2 2024 financial results. The company reported extensive drilling successes at the Copper Creek Project, with significant copper and gold assay results. Key highlights include:

• 29.08m at 0.62% copper within 190.25m at 0.23% copper at Prada breccia.
• 20.07m at 1.20% copper within 100.29m at 0.42% copper in the American Eagle area.
• 42.05m at 0.41% copper at Area 51.

Additionally, Faraday completed a bought deal financing, raising $23M through the sale of 28.75M common shares at $0.80 per share.

Financially, the company saw an increase in exploration expenses to $4.33M and reported a net loss of $5.43M. Cash and equivalents rose to $25.82M from $14.90M at year-end 2023, primarily due to financing activities. Faraday continues to focus on exploring and advancing the Copper Creek Project, with future updates expected in 2025.

Faraday Copper announced results from four additional drill holes in its Phase III program at the Copper Creek Project in Arizona, highlighting continued near-surface mineralization. A key result from drill hole FCD-24-069 included 29.08 meters at 0.62% copper and 1.14 g/t silver within a broader interval of 190.25 meters at 0.23% copper and 0.66 g/t silver. These findings confirm the potential for resource growth and support an open pit resource increase.

CEO Paul Harbidge emphasized the significance of these results for expanding the American Eagle area, which hosts numerous prospective breccias and porphyries. Additional drilling will focus on testing new breccias including Banjo, Jailhouse, and Giuseppe. To date, 36 drill holes have been completed, and results from 32 have been released. The ongoing program aims to expand the mineral resource estimate and delineate high-grade zones.

Faraday Copper Corp. (TSX:FDY, OTCQX:CPPKF) has announced positive results from its ongoing Phase III drill program at the Copper Creek Project in Arizona. Two notable holes in the American Eagle area showed significant near-surface copper mineralization, with one intersecting 20.07 meters at 1.20% copper within 100.29 meters at 0.42% copper, and another 22.92 meters at 0.58% copper within 142.69 meters at 0.31% copper. Additionally, reconnaissance drilling at Area 51 confirmed prospectivity at depth, and several recently mapped breccias indicated potential mineralization.

Drilling in other areas, including Bald and Titan breccia, showed mixed results with some promising intervals. The company plans to continue its Phase III program focusing on expanding mineral resources and better delineating high-grade zones. To date, 32 holes have been completed, with results for 28 released, confirming the exploration potential in multiple areas within the project.