As of 2023, the Canadian mining company Faraday Copper is planning underground and open mining in the area. The company purchased the Mercer Ranch for $10 million in March 2023, acquiring 6,000 acres (2,400 ha) adjacent to Copper Creek.[1]
| Location | |
|---|---|
| Pinal County, Arizona | |
| Country | United States |
| Owner | |
| Company | Faraday Copper Corp. |
| Website | https://www.faradaycopper.com |
The Copper Creek Project is a ~65 square kilometre property, 100% owned by Faraday Copper Corp.[2] The project is located in Pinal County, Arizona, approximately 80 road kilometres from Tucson, Arizona.
Copper Creek is a large, undeveloped project, which hosts multiple breccia and porphyry copper deposits. The results of a Preliminary Economic Assessment (“PEA”) were released by the company in a news release dated May 3, 2023. The PEA[3] contemplates an open pit mining followed by an underground operation over a 30+ year mine life.
References
edit- ^ Brean, Henry (May 15, 2023). "Two new mine proposals draw scrutiny in Southern Arizona" (PDF). Arizona Daily Star.
- ^ "Faraday Copper | Mineral Exploration & Project Development". faradaycopper.com. Retrieved 2023-06-20.
- ^ "Faraday Copper Announces PEA for Copper Creek with NPV US$713M and 4.2 Billion Pounds of Measured and Indicated Copper Mineral Resources". faradaycopper.com. Retrieved 2023-06-20.
External links
edit- Copper Creek Project, Faraday Copper
- No To Copper Creek Project, This is not a Faraday Copper Site. It is a site providing differing opinions.
32°45′34″N 110°28′47″W / 32.7595°N 110.4798°W
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