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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Metals & Mining Gold
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

Baru Gold Corp
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Comment by Miwah_on May 18, 2011 12:11am
336 Views
Post# 18591940

RE: fresh from the oven....

RE: fresh from the oven....https://ca.finance.yahoo.com/news/Intrepid-Mines-Tujuh-Bukit-marketwire-3933917704.html?x=0&.v=1


BRISBANE,AUSTRALIA--(Marketwire - May 17, 2011) - Intrepid Mines Limited(Toronto:IAU.TO)(Toronto:IAU.TO) (the "Company") is pleased to announcethat exploration is to commence at the Salakan prospect, and that adrilling program will be initiated at the Gunung Manis prospect at theTujuh Bukit Project in East Java within the next two months.

TheIndonesian Forestry Ministry has recently granted the Company's jointventure partner, PT IMN, a "borrow and use" permit, which allows for theconduct of exploration activities for gold and associated mineralswithin an additional 2,682.22 hectares of forestry land within theexisting Tujuh Bukit mining lease. The permit is valid for two years,commencing 31 March 2011, and is renewable. This latest permit, togetherwith the earlier forestry borrow and use permit renewed last year (seeIntrepid announcement 20 July 2010), allows for exploration activitiesto be undertaken over the entire area of the IUP Operation andProduction.

The Forestry Ministry issued the permit afterconducting a review of relevant technical data and receiving arecommendation from the Governor of East Java in relation to PT IMN'scontinued exploration activities at Tujuh Bukit. The permit applicationwas further supported by the Director-General of Minerals and Coalwithin the Department of Energy and Mineral Resources.

Speakingfrom Brisbane, the Company's CEO, Brad Gordon, said: "We are excited tobe extending exploration to an additional two known mineralised areas,with a view to delivering further discoveries. I would like to expressour appreciation to our partners, PT IMN, who have worked closely withus and several government officials in managing the application process.We are particularly pleased by the ongoing support of the Ministry ofEnergy and Mineral Resources and the Governor of East Java, whosecooperation was key to the successful grant of the permit."

THEY GOT THE PERMIT...WHERE IS OURS!!!!! WE JUST CARBON CREDITS...LOL
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