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St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

Metals & Mining Gold
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

St Augustine Gold and Copper Ltd
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Post by db2067on Jun 10, 2021 4:21pm
107 Views
Post# 33366854

Sale of idle mines, better economy seen as 4th quarter...

Sale of idle mines, better economy seen as 4th quarter...
These only make sense to mine as open pit as far as I can tell:

Sale of idle mines, better economy seen as 4th quarter revenue boosters
https://business.inquirer.net/324430/sale-of-idle-mines-better-economy-seen-as-4th-quarter-revenue-boosters#ixzz6xQ0XySEO
 
The government was setting its sights on selling a couple of mining assets as soon as their revaluations were finished. The Department of Finance’s (DOF) Privatization and Management Office (PMO) had been also working to untangle the legal barriers to sell idle mines like North Davao Mining Corp.’s mine in Davao del Norte and Pacific Nickel Philippines Inc.’s in Surigao del Norte.
 
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