RE: dirt in the ground/sand box..civil unrest !!ROTFL
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St Augustine Gold and Copper Ltd (C-SAU) - News Release
St. Augustine names Henderson COO
2011-02-08 16:43 ET - News Release
Shares issued 293,833,334
SAU Close 2011-02-07 C$ 1.33
Mr. Andy Russell reports
ST. AUGUSTINE GOLD AND COPPER ANNOUNCES THE ADDITION OF TOM HENDERSON AS CHIEF OPERATIONS OFFICER
St. Augustine Gold and Copper Ltd. (formerly Ratel Gold Ltd.) has added Tom Henderson to the team as chief operating officer.
Mr. Henderson has had an extensive career in both underground and open pit operations, managing operations for Asarco, Freeport McMoRan, Quadra and most recently Coeur Alaska. He worked 13 years in Indonesia, building both underground and surface copper and gold mining operations. He spent eight of those years managing production operations at the Grasberg open pit mine on the island of New Guinea. Most recently, Mr. Henderson was general manager and vice-president of Coeur Alaska's Kensington gold mine, where he was directly responsible for the construction, start-up, and operation of the underground mine and concentrator near Juneau, Alaska. Prior to that, Mr. Henderson was mine manager and oversaw the restart and operations of the Robinson open pit mine near Ely, Nev.
As chief operating officer, Mr. Henderson will be responsible for overseeing the day-to-day operation of the King-king project, including preparation of the feasibility study, permitting, and the construction and operation of mining and processing operations.
About the King-king project
The King-king deposit is a gold-rich, copper-gold porphyry deposit located in the southeast of the Philippine island of Mindanao, located 92 kilometres northwest of Davao City and 13 km from the coast. The project is listed as one of the priority projects by the Philippine Mines and Geosciences Bureau, and the project has a low strip ratio (0.8 to 1 compared with an industry average of 2.5 to 1). The project is advanced stage with 89,922 metres of drilling composed of 276 core and reverse circulation holes and has entered the feasibility stage of development (social, environmental and engineering).
King-king is one of the largest undeveloped copper-gold deposits in the world, with a measured and indicated equivalent copper-gold resource of 791.5 million tonnes at 0.815-gram-per-tonne-equivalent gold for 20.7-million-equivalent-gold ounces (0.279 per cent copper for 4.9 billion pounds of Cu and 0.371 g/t Au for 9.4 million ounces of contained Au) and a further 2.75-million-equivalent-gold ounces in inferred resources (125.5 million tonnes at 0.237 per cent Cu and 0.308 g/t Au). Completion of a definitive feasibility study is expected in the first quarter of 2012 and centres around a plan to produce up to 100,000 tonnes of ore per day by open pit methods.
National Instrument 43-101 compliance
James J. Moore, PE, a qualified person under NI 43-101, has reviewed the contents of this press release.
An NI 43-101-compliant technical report entitled, "King-king copper-gold project Mindanao, Philippines," dated Oct. 12, 2010, and prepared by Michael G. Hester, FAusIMM of Independent Mining Consultants Inc., Donald F. Earnest, PG of Resource Evaluation Inc., and John G. Aronson of AATA International Inc. has been filed by Ratel on SEDAR.
We seek Safe Harbor.