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.

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St Augustine Gold and Copper Ltd > Very strange

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Comment by shawshank2on Aug 12, 2021 12:53pm

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Post# 33694551

RE:Very strange

Robert1 wrote: Look I know its the PH but there is something very odd here.
1. In 48 hours, the only info (and that is completely contractory) comes from one reporter. No other info on any other site, including the govt mining bureau that "made the statement".

2. In yesterday's article, the IRR is 3 pages long:

"The final draft of the IRR has the same provisions as its first draft, which was first made public in May.One of the salient features of the IRR is the provision that lifted the nationwide ban on the open-pit mining method. Under the first draft of the three-page IRR,"

3. Ok, but then if that provision was "removed" how is today's IRR now 4 pages long. Wouldn't it be shorter than 3 pages?

"Based on the four-page IRR, which was contained in the DENR’s Department Administrative Order (DAO) 25, the agency decided to take out its earlier provision that would lift the whole of DAO No. 2017-10 or the ban on open-pit mining."