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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 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

Comment by Robert1on Apr 03, 2014 10:03pm
101 Views
Post# 22409306

RE:RE:Environmental Impact Study

RE:RE:Environmental Impact StudyStaycalm, my understanding is that the Declaration of Mining Project Feasibility (DMPF) that would be provided by the Mines and Geosciences Bureau (MGB) to NADECOR is the permit that has been put on hold until the board issue is resolved.      I have not seen anywhere that the Environmental Management Bureau (EMB) has made the same determination regarding the environmental permit, which is the subject matter of the article i posted.    One would have thought that both agencies would suspend their respective evaluations of the mine, given MGB's decision.     Perhaps the discrepancy is that the EMB is dealing with SAU as it was SAU that submitted the application in the first place, while the DMPF would be given ultimately to NADECOR, a seperate legal person and the one with the governance issue.     

Robert

    
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