Monday, October 13, 2008

Owen Hegarty Mining in Saudi Arabia

Interesting to note that Owen Hegarty is listed as a senior advisor to Citadel Resources (CGG) a small Australian junior active in Saudi Arabia. It seems they may have a huge copper, gold and zinc deposit at Jabal Sayid. CGG own 50% and a wealthy Saudi family the rest. The Saudi Gov't will fund 50% of the start up costs through a Sovereign development fund. This one will be followed with interest.

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