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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based mineral resource exploration company. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Comment by dfergu7477on Feb 14, 2010 3:36pm
279 Views
Post# 16784538

RE: RE: circel : My estimations wildly optimistic

RE: RE: circel : My estimations wildly optimisticI agree circelburn...  It'd be almost pure guesswork to estimate the number of ounces if it's "all connected"--from SMB, to the Main zone, to Moon River, to Sipopok--especially since we have no drill results at depth in South Miwah Bluff (SMB) or, for that matter, any drill results at all from Moon River to Sipopok.

However, it could well be that if/when drilling at Moon River hits ore, that the market would extrapolate that the deposit IS indeed all connected.  We'd likely have over 20 million ounces; possibly (who knows?) 50 million ounces, if it is.  But so much has to happen before that'd even come into fuzzy focus...

The good thing is that we already know the Main Miwah zone is a nice-sized deposit.  I know it's rough numbers, but if we conservatively suppose that the Main Zone is 1200x300x200m (strike, width, and depth), with a specific gravity of 2.3 and 1.4g/t Au, then we may already have 3-6mm close-to-surface ounces in hand.

From that kind of base, it's fun (and fantastic, actually) to speculate, but we know so little about these other areas (i.e., SMB, Moon River, and Sipopok) that some might argue it's simply a waste of time to spend time on the exercise.  That will change with more drilling, but as of now, I concur it's just a guess.

All IMNSVHO, of course...

Good luck to all!

Bullboard Posts