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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

Metals & Mining Gold
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

St Augustine Gold and Copper Ltd
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Comment by SuperBrownManon May 13, 2007 12:31pm
235 Views
Post# 12772983

RE: Whats going on?

RE: Whats going on?You have a good point, thanx. But from my understanding, PTM Minerals giving out 51% of its OUTSTADING COMMON SHARES. But not giving out 51% interest of Kakandra Project. Does the "outstading common shares of PTM" meaning the company itself or its market shares? Am I thinking this wrong and how? The news of May-2-07 says: "In exchange for the Cash Investment, Amari will receive a 51% interest in the outstanding common shares of PTM Minerals. The common shares of PTM Minerals will be released to Amari on an earn in basis as funds are advanced to PTM Minerals."
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