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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

Post by shawshank2on Jan 08, 2021 2:18pm
223 Views
Post# 32255582

Open pit green light

Open pit green lightI don't know if I've mentioned it before but from what I can tell the majority off mines the government is going to sell to be developed is open pit. That says it all!! Oct 7 (Reuters) - The Philippine government is seeking to raise additional revenue by pushing for the resumption of operations at idle state-owned mining projects, including through the sale of its Nonoc nickel assets, Finance Secretary Carlos Dominguez said on Wednesday. The Privatization and Management Office, an agency under Dominguez, has reviewed state mining assets that could be sold, as the government scrambles for funds to meet increased spending aimed at resuscitating a pandemic-hit economy. Dominguez said he was working closely with the Mines and Geosciences Bureau and the environment ministry to revive the sale of the Nonoc nickel project in Surigao del Norte province, the Basay copper mine in central Negros Oriental province, and all other
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