- Faraday Copper (OTCQX:CPPKF) receives Bureau of Land Management approval for its Copper Creek Project's Exploration Plan of Operations, marking a major milestone.
- The approval covers up to 67 drill pads, with drilling set to commence in Q3 2025, as part of the Phase IV drill program.
- An updated Mineral Resource Estimate and Preliminary Economic Assessment are planned for release in Q3 2025, incorporating 40,000 metres of new drilling data.
Faraday Copper Corp. (OTCQX:CPPKF) has successfully secured approval from the Bureau of Land Management (BLM) for its Exploration Plan of Operations (EPO) at the Copper Creek Project in Arizona. This approval, granted on June 30, 2025, is a pivotal advancement for the company, enabling significant exploration activities in a region with substantial potential for copper resource development.
The approval allows for the establishment of up to 67 drill pads on federal land, strategically dispersed across the project area. Specifically, 48 drill pads will be located near the American Eagle area, a prime zone where prior drilling has identified numerous mineralized breccias. Additionally, 10 pads are designated near existing resource areas at sites such as Old Reliable and Copper Giant, while 9 pads are allocated for exploration of untested targets.
Faraday Copper's President and CEO, Paul Harbidge, emphasized the EPO's role in advancing the Copper Creek Project, particularly in unlocking untapped resource potential. The company's Phase IV drill program is slated to begin in the third quarter of 2025, with plans to deliver an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) within the same timeframe. This updated MRE will integrate approximately 40,000 metres of additional drilling data from the completed Phase II and III programs.
Faraday Copper, traded on the TSX under the symbol "FDY", is focused on developing one of North America's largest undeveloped copper projects, leveraging its experienced team to advance the Copper Creek Project’s exploration and evaluation.
