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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 Mar 02, 2015 10:06am
97 Views
Post# 23479347

RE:Environmental Impact Statement Approval

RE:Environmental Impact Statement ApprovalGreat news for King-King, but not necessarily SAU.     So which NADECOR gets the permit, Ricafort NADECOR or the SAU backed NADECOR?       The govt approved the permit but the governance issue has not been resolved to my knowledge.       Normally this news ought to provide much support to SAU but very little movement due to the fact we still don't know what the SCC will be.       Still something positive is always welcome.
Robert
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