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Freeport picks up promising properties under option from juniors; however has not been an active explorer since they staffed down in Mexico. Primary interests obviously lie in Paupau New Guinea.

Freeport McMoRan Copper & Gold   [FCX:NYSE]

Closed it's office in Mexico which opened in 1992. Will continue to evaluate opportunities, but no more grassroots exploration. Operates in Mexico through 100% subsidiary Freeport-MacMoran Mexico S.A. de C.V.

SEG April, 1995
MBD April, 1993

La Verde Grande, Sonora. Entered into a 5-year option for a 51% interest in 4200 ha porphyry target 35 mi NW of Hermosillo from Scorpio Mining Company. Conducted mapping and geochem, including enzyme leach studies, in 1999 and first half of 2000. Know locality of Cu-Zn skarn mineralization and other porphyry showings. 

Press Release 29May00