Thistle's subsidiaries operate a gold mine in South Africa and, prior to the disposal of Philippine Gold Limited to CGA Mining Limited, were exploring the feasibility of developing the Masbate Gold Project in the Philippines.
Thistle's principal operating company in South Africa, President Steyn Gold Mines (Free State) (Pty) Limited ("PSGM"), owns and operates the President Steyn Gold Mine, including five shafts and a processing facility in the Free State province of South Africa.
On July 10, 2002, PSGM was issued two mining licenses 8/2002 and 9/2002 in terms of s. 9(1) of the South African Minerals Act, 1991. PSGM sold 165,277, 175,490 and 146,302 ounces of gold in 2004, 2005 and 2006 respectively.
Thistle Mining Inc - Company Overview
Company Overview