par Faraday Copper Corp. (CVE:FDY)
Faraday Copper Intersects Near-Surface Copper Mineralization from Five Drill Holes in the American Eagle Area
VANCOUVER, BC / ACCESS Newswire / January 22, 2026 / Faraday Copper Corp. ("Faraday" or the "Company") (TSX:FDY)(OTCQX:CPPKF) is pleased to announce the results of the first eight drill holes from its Phase IV drill program at the Copper Creek Project, located in Arizona ("Copper Creek"). These holes targeted near-surface copper mineralization in the American Eagle area as well as infill drilling and geotechnical objectives.
Paul Harbidge, President and CEO, commented, "These initial results from our Phase IV drill program continue to increase our confidence in expanding the near surface mineralization in the American Eagle area, further supporting the potential to define a significant open pit mineral resource in this area and unlock additional economic value for the project. Phase IV drilling is ongoing with three active rigs focused on increasing the open pit potential, testing district exploration targets, and collecting hydrogeological and geotechnical data that will be used in future technical studies."
Highlights
Five drill holes in the American Eagle area intersected near-surface mineralization above open pit cutoff grade1 and further the potential for an open pit resource to be defined above the existing American Eagle underground resource.
Drill hole FCD-25-134 intersected several mineralized intervals for a combined 177 metres ("m") greater than 0.30% copper, expanding the known extent of the Winchester breccia to within 100 m from surface. Copper intercepts include:
17.58 m at 0.44% copper from 109.42 m;
16.46 m at 0.57% copper from 184.54 m; and
45.25 m at 0.42% copper from 256.28 m.
North of the Banjo breccia, drill hole FCD-25-129 intersected 56.00 m at 0.41% copper from 160.00 m (approximately 100 m below surface), including 24.00 m at 0.64% from 164.00 m.
The drill holes reported herein further increased confidence of the near-surface mineralization in the American Eagle area and geotechnical holes confirmed the rock competency is consistent with the current resource1 suitable for efficient open pit mining.
(For true width information see Table 1)
Phase IV Drilling
The results reported herein are the first results from the Company's Phase IV drill program which has the objectives of increasing confidence in the resource, adding further potential open pit mineable inventory, collecting hydrogeological and geotechnical data and testing district exploration targets. There are currently three active drill rigs on the property. The program builds on the success of Phase III drilling, which resulted in the discovery of mineralization hosted in breccias and porphyry-style vein zones, particularly in the American Eagle area.
Drill Results Summary
The American Eagle area, as mapped on surface, covers approximately 800 m by 1,000 m and is host to numerous prospective breccias and porphyries which have strong copper geochemical signatures (Figure 1). These surface expressions are located above the large underground porphyry mineral resource1. The Company's Phase III drilling, which included 34 drill holes, resulted in the discovery of the Banjo, Winchester and Prada breccias. Phase III was carried out from 9 drill pad locations which allowed limited testing of the near-surface and lateral extent of mineralization. The approval of the Exploration Plan of Operations by the Bureau of Land Management in June 2025 (see news release dated July 3, 2025) now provides the ability for expanded drilling in the area.
Drill hole FCD-25-117 was collared 150 m southwest of the American Eagle breccia and drilled to the north, targeting a vein-zone and the Winchester breccia. After 60 m of porphyry, the hole intersected granodiorite to 386 m. Breccia and short intervals of porphyry were intersected to 509 m, followed by granodiorite to the end of the hole. Alteration is sericite, mainly affecting the breccia domain and zones of dense porphyry-style veining which were intersected from approximately 58 m. Copper mineralization occurs as pyrite-chalcopyrite in porphyry-style veins and breccia cement.
Drill hole FCD-25-118 was collared 300 m west of the American Eagle breccia and drilled to the south. This hole tested a previously undrilled area with the objective of gaining geological and geotechnical data at the periphery of known mineralization, confirming competent rock quality. The hole intersected granodiorite to 181 m and porphyry to the end of the hole. Within the granodiorite, several narrow (< 2m) breccia intervals were intersected. Alteration is generally moderate and chlorite-sericite dominant. Mineralization occurs in veins as pyrite with trace chalcopyrite.
Drill hole FCD-25-119 was collared at the same location as FCD-25-117 and drilled to the northwest. It is testing the westward extension of a prominent east-west vein zone west of the American Eagle breccia in an area of sparse historical drilling. The hole also had a geotechnical objective, confirming competent rock quality. It intersected porphyry and lesser granodiorite for the first 112 m and then entered granodiorite to 297 m, followed by a previously unknown 20 m interval of hydrothermal breccia before going back into granodiorite to the end of the hole. Chalcopyrite together with pyrite occurs in porphyry style veins, whereas the hydrothermal breccia is cemented by pyrite. Oxide copper mineralization consisting of primarily chrysocolla and neotocite is present in the first 30 m.
Drill hole FCD-25-120 was collared at the same location as FCD-25-117 and drilled to the south. This hole tested a previously undrilled area with the objective of gaining geological and geotechnical data at the periphery of known mineralization, confirming competent rock quality. It intersected 10 m of porphyry, followed by granodiorite to 43 m. Several types of porphyry dominate to 218 m with the remainder of the hole in granodiorite. Porphyry style veins with pyrite and trace chalcopyrite occur throughout the hole.
Drill hole FCD-25-121 was collared near the Prada breccia, approximately 300 m southeast of the American Eagle breccia and drilled to the northeast. It tested the eastward extent of the Prada breccia trend in an area of limited historical drilling. The hole intersected granodiorite for the first 50 m, followed by several narrow breccia intercepts and porphyry to 117 m. Granodiorite was intersected to 140 m and porphyry to 208 m. Breccia and lesser porphyry dominate to 285 m. The hole ends in granodiorite. Sericitic alteration accompanies the breccia domains. Pyrite is the dominant breccia cement and also occurs in porphyry-style veins. Chalcopyrite occurs in trace amounts. The presence of breccia with the increase of chalcopyrite with depth observed elsewhere at Copper Creek suggests that mineralization potential exists at depth below this drill hole and follow up drilling is being planned.
Drill hole FCD-25-128 was collared approximately 300 m northeast of the American Eagle breccia and drilled to the west, testing for near-surface mineralization above the Banjo breccia. The hole intersected 79 m of granodiorite before entering porphyry to the end of the hole. An interval of hydrothermal breccia cutting porphyry is present from 161 m to 170 m. Mineralization occurs as chalcopyrite together with pyrite in veins and breccia cement. Chalcocite is present in the top 50 m of the hole.
Drill hole FCD-25-129 was collared at the same location as FCD-25-128 and was drilled to the northwest, testing the near-surface and northward continuation of the Banjo breccia. It intersected granodiorite with a porphyry domain from 175 m to 267 m. A zone of intense sericitic alteration affects the porphyry and adjacent granodiorite domain from approximately 158 m to 205 m. This domain contains disseminated chalcopyrite and pyrite.
Drill hole FCD-25-134 was collared approximately 100 m north of the American Eagle breccia and drilled to the northwest, testing several breccia targets (Figure 2). It started and ended in granodiorite with breccia domains and porphyry intervals from 56 m to 113 m, from 184 m to 211 m, and from 256 m to 405 m. Breccia domains are associated with intense sericitic alteration. Mineralization occurs as pyrite-chalcopyrite in breccia cement and porphyry style veins.
Next Steps
Phase IV drilling continues with a total of 40,000 m currently planned and is focused on near-surface mineralization as well as geotechnical and hydrogeological objectives. The Company has released results from 2,875 m drilled in 8 holes, all of which are in the American Eagle area. The assay results for additional completed drill holes will be released as they are received, analyzed and confirmed by the Company.
Note: The open pit shell is based on constraints used in the MRE as presented in the Copper Creek Technical Report1
Figure 2: Images of Mineralized Core from Drill Hole FCD-25-134
Table 1: Selected Drill Results
Drill Hole ID | From | To | Length | True Width | Cu | Au | Ag | Mo |
|---|---|---|---|---|---|---|---|---|
(m) | (m) | (m) | (m) | (%) | (g/t) | (g/t) | (%) | |
FCD-25-117 | 121.00 | 131.00 | 10.00 | 10 | 0.21 | N/A | 1.35 | 0.0006 |
and | 146.00 | 192.00 | 46.00 | 46 | 0.23 | N/A | 0.88 | 0.0004 |
including | 178.00 | 188.00 | 10.00 | 10 | 0.45 | N/A | 1.41 | 0.0004 |
and | 274.00 | 362.00 | 88.00 | 88 | 0.17 | N/A | 0.56 | 0.0010 |
and | 404.00 | 482.90 | 78.90 | 47 | 0.25 | N/A | 0.74 | 0.0007 |
Including | 410.00 | 432.52 | 22.52 | 14 | 0.46 | N/A | 1.39 | 0.0012 |
FCD-25-119 | 14.13 | 28.22 | 14.09 | 14 | 0.15 | N/A | 0.57 | 0.0004 |
and | 135.00 | 145.00 | 10.00 | 10 | 0.26 | N/A | 1.66 | 0.0004 |
and | 243.00 | 255.00 | 12.00 | 12 | 0.25 | N/A | 0.89 | 0.0008 |
and | 271.00 | 295.00 | 24.00 | 24 | 0.25 | N/A | 0.86 | 0.0005 |
FCD-25-128 | 8.00 | 24.00 | 16.00 | 16 | 0.57 | N/A | 1.59 | 0.0009 |
and | 139.00 | 212.00 | 73.00 | 73 | 0.29 | N/A | 0.85 | 0.0020 |
Including | 168.00 | 198.00 | 30.00 | 30 | 0.42 | N/A | 1.38 | 0.0032 |
FCD-25-129 | 80.00 | 100.00 | 20.00 | 20 | 0.17 | < 0.01 | 0.44 | 0.0007 |
and | 160.00 | 216.00 | 56.00 | 56 | 0.41 | 0.01 | 1.09 | 0.0002 |
Including | 164.00 | 188.00 | 24.00 | 24 | 0.64 | 0.02 | 1.83 | 0.0002 |
and | 242.00 | 266.00 | 24.00 | 24 | 0.16 | <0.01 | 0.60 | 0.0017 |
FCD-25-134 | 20.00 | 50.00 | 30.00 | 30 | 0.30 | N/A | 0.64 | 0.0004 |
and | 109.42 | 142.31 | 32.89 | 32 | 0.33 | 0.02 | 0.99 | 0.0012 |
Including | 109.42 | 127.00 | 17.58 | 17 | 0.44 | 0.02 | 0.80 | 0.0004 |
and | 149.17 | 218.00 | 68.83 | 49 | 0.33 | 0.01 | 1.06 | 0.0026 |
Including | 184.54 | 201.00 | 16.46 | 12 | 0.57 | 0.02 | 1.48 | 0.0005 |
and | 256.28 | 301.53 | 45.25 | 45 | 0.42 | 0.02 | 1.16 | 0.0005 |
and | 320.00 | 363.00 | 43.00 | 32 | 0.27 | 0.01 | 0.73 |