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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 RealityCheck123on Sep 19, 2022 4:16pm
312 Views
Post# 34972134

RE:RE:RE:Ramp up the mining industry

RE:RE:RE:Ramp up the mining industry

Here I correct you.   Until a compliant preliminary or final feasibility study is prepared releasing PROVEN/PROBABLE RESERVES it has not been demonstrated to be economic.  Therefore, uneconomic until demonstrated otherwise.  Echo Bay Mines and Kinross knew this.  They were the last mining companies (+20-years ago) who evaluated and walked.  

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