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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of approximately 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.


TSX:SAU - Post by User

Comment by Redpillon May 07, 2012 4:17pm
269 Views
Post# 19881497

RE: RE: interesting 1/2 millon shares on the bid

RE: RE: interesting 1/2 millon shares on the bid

According to IR, SAU is on track for completing the PFS and DMPF by end of month.

I hope this will be a catalyst. The resource is great, the country political situation not sot, but CGA/SAU should have still good influence after many years in Philippines.

I am not personally risking much though also because of market condition. I'd love to be confident that this is a good entry point.

GLTA.

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