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Steppe Gold Ltd T.STGO

Alternate Symbol(s):  STPGF

Steppe Gold Ltd. is engaged in the business of precious metals and minerals exploration sector. Its project includes Altan Tsagaan Ovoo (ATO) gold and silver project, Mungu Project, Uudam Khundii UK Project, and Tres Cruces Project. The ATO Project is located in the territory of Tsagaan Ovoo soum of Dornod province in eastern Mongolia and is comprised of one mining license covering an area of 5492 hectares. The Mungu gold and silver discovery is located northeast of the ATO Project. It is a structurally controlled epithermal gold-silver system with localized bonanza grades. The Uudam Khundii property is comprised of one exploration license covering 14,397 hectares. The project area is located 800 km south-west of Ulaanbaatar. The property is located between and adjoining the Bayan Khundii gold discovery and Altan Nar epithermal gold deposits explored by Erdene Resource Development Corporation. It also owns an interest in the Tres Cruces Gold Project located in Northern Peru.


TSX:STGO - Post by User

Post by Ogopogo007on Feb 19, 2023 1:26pm
224 Views
Post# 35294368

STGO planning on mining UK ? Doing it Mongolian way?

STGO planning on mining UK ? Doing it Mongolian way?Interesting, I haven't even seen any drill results as yet for UK but seems STGO is making mining plans already. UFB. 

Steppe Gold is committed to a strong two-way partnership with all stakeholders in the region and particularly the residents of the local Soum area. As it has done successfully in Dornod with the ATO Gold Mine, the Company is already working closely with the local Soum on a program of local procurement, employment opportunities and investment in education, providing scholarships to over 70 students and social programs that will ensure the local communities are beneficiaries of the economic development arising from the exploration, development and operation of mining in the region.

Guess just the major shareholders know what was drilled and that a mining decision has already been made?
Triple Flag has a 3% net smelter royalty on UK already...don't even have drill results as yet. Somebody gave the farm away for a few beans...lol

JMHO


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