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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 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

Post by shawshank2on Oct 29, 2020 10:03pm
101 Views
Post# 31810894

Open pit starting

Open pit startingThe Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the governments efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III said that along with the revival of mining sector, the government also plans to sell all state mining assets. Dominguez said the DOF is very closely working with the Department of Environment and Natural Resources (DENR) and the Mines and Geosciences Bureau (MGB) to really push for the reopening of the countrys mines. I have asked them [the Privatization Management Office (PMO)], to really push the revival the privatization of Nonoc mines, Basay mines and all the other mines that are held by the government, the finance chief said.
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