Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ...The emerging gold miner said a highlight was 12.2m at 11.76g/t gold, including 3m at 38.3g/t, indicated the zone was higher grade and thicker than first thought.

Copperstone has a 2018 proven and probable reserve of 175,093 ounces grading 6.79g/t, supporting an estimated mine life of 4.5 years.

Kerr is targeting a proven and probable reserve of 320,000oz to take the mine life beyond eight years.

It is aiming to get the previously-mined Copperstone back into production by the fourth quarter.

It signed a term sheet for up to US$25 million in project financing with Sprott Private Resource Lending last year, ending discussions with Pandion Mine Finance over a possible $27.6 million package.


https://www.mining-journal.com/resource-definition/news/1360452/copperstone-expansion-results-give-kerr-confidence

Yes, we were hoping to get further information about KERR Mines financing this June, July, August and NOW September of 2019! Hmmm...?

Ignoring your investors is NEVER a wise GAME Plan in the GOLD Extraction, Expansion, Exploration & Mining Business IMHO

« ...Saudi Arabia creates new ministry of industry and mining

« ...Saudi Arabia announced that it has created an independent ministry of industry and mineral resources, separating it from the energy ministry, a move that is understood as part of the kingdom’s strategy to diversify the economy away from oil.

« ...In 2016, Crown Prince Mohammed bin Salman launched a plan called Vision 2030 aimed at reducing the country’s dependence on crude by reinforcing other economic and investment activities, increasing non-oil industry trade of goods and consumer products with other nations, and growing government spending on health, education, infrastructure, recreation, tourism, and the military.

The creation of the new ministry falls within that larger vision and according to state news media, it will be fully independent starting on January 1, 2020. Bandar Al-Khorayef, a businessman from the Saudi industrial conglomerate Khorayef Group, will be the department’s head.

Under Al-Khorayef, the ministry should reach the goal of increasing the value of mining operations to reach $69.3 billion. Currently, the direct and indirect contribution of the sector to the kingdom’s GDP is estimated to be around $21.3 billion.


https://www.mining.com/saudi-arabia-creates-new-ministry-of-industry-and-mineral-resources/

Fahad Al Tamimi
Chairman
Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country.
He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia.

https://kerrmines.com/corporate/

http://www.fahadaltamimi.com/

https://www.fxstreet.com/news/gold-moves-higher-start-of-week-as-brexit-and-trade-wars-keep-markets-in-risk-off-201909021703