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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 singlefileon May 20, 2021 7:38pm
125 Views
Post# 33245663

Dated May 21 ..2021

Dated May 21 ..2021

MGB pushes for lifting of open-pit mining ban MANILA, Philippines — The Mines and Geosciences Bureau (MGB) is hoping for the lifting of the ban on open-pit mining as it can help boost the country’s economic recovery.

In a text message to The STAR, MGB director Wilfredo Moncano said that open-pit mining is a globally accepted method of mining, with over 1,000 open pit mines all over the globe, and is one of the safest methods.


https://www.philstar.com/business/2021/05/21/2099672/mgb-pushes-lifting-open-pit-mining-ban
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