https://www.miningweekly.com
Construction|Copper|Exploration|Mining|PROJECT|System|Underground
Construction|Copper|Exploration|Mining|PROJECT|System|Underground
construction|copper|exploration|mining|project|system|underground

Freeport-McMoRan to earn into Bute Valley copper project

4th October 2022

By: Creamer Media Reporter

     

Font size: - +

US-based mining major Freeport-McMoRan has acquired an exclusive right and option to acquire up to an 80% interest in Canadian private company Falcon Butte Minerals’ Butte Valley copper project, in the White Pine county, Nevada.

Under the terms of the agreement, announced by Falcon Butte, Freeport has to sole fund $33-million in exploration expenditures in two stages.

“We have a great belief in the potential of Butte Valley as one of the great deep copper prospects in North America and are excited that Freeport shares in the same vision and look forward to further advancing Butte Valley exploration efforts,” comments Falcon Butte chairperson Travis Naugle.

The Butte Valley project is a big, partially-explored porphyry and skarn copper system located in eastern Nevada, north of Ely.

In support of its continued role as operator at Butte Valley, Falcon Butte announced the appointment of Mark Ramirez as COO. Ramirez brings over 25 years of global mining experience with some of the biggest mining companies in the world, specialising in the exploration, development, construction and operation of numerous world-class underground mines. 

Edited by Creamer Media Reporter

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.103 0.145s - 91pq - 2rq
Subscribe Now