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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 shawshank2on Jan 08, 2021 2:03pm
171 Views
Post# 32255453

RE:RE:RE:RE:RE:Amazing

RE:RE:RE:RE:RE:Amazing
singlefile wrote: Gov. approval on mining I think pretty much a sure thing  - loaning them money? hmmm, we were walking on eggshells with the approval until now. Gov. lending them money? that might be a stretch - but like you said, at this point private money will not be hard to find, lenders are prob. lining up right now as we move into the home stretch here. 


I agree financing will be easy. But gov loan could be on table. MANILA State-owned Development Bank of the Philippines (DBP) has granted a PHP416-million credit line to the countrys first large-scale offshore mining company to augment its working capital requirements in its export production of iron ore, a top official said. DBP President and Chief Executive Officer Emmanuel
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