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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
Post by Miwah_on Aug 23, 2013 3:43pm
299 Views
Post# 21693850

do u ever read......

do u ever read......
  August 22, 2013
Barisan Gold Provides Update on Abong Permitting


  VANCOUVER, B.C. - August 22, 2013 - Barisan Gold Corporation (TSXV-BG) wishes to provide shareholders with an update on its permitting activities at the Abong gold project located in the Province of Aceh, Indonesia. In its July 15, 2013 press release, Barisan Gold announced that it had applied for a suspension of its Izin Usaha Pertambangan ("IUP") at Abong while it seeks formal support from the timber company, which controls the forestry and surface rights at Abong.

The regency government of Aceh Tengah granted its approval for the suspension, valid for an initial period of 1 year from July 19, 2013 to July 18, 2014. The suspension guarantees that Barisan Gold will have enough time to complete drilling and feasibility studies prior to the end of the 7-year exploration period as the suspension basically stops the clock.

Since then, Barisan Gold has made significant progress on the permitting situation at Abong. In late July, Barisan Gold received temporary support from the timber company, which allowed the Province of Aceh to complete its review of the forestry permit application. Subsequently, on August 19, 2013, Barisan Gold received formal support from the Province of Aceh, allowing Barisan Gold to proceed with its application for a borrow-use forestry permit at its Abong gold project with the Indonesian Ministry of Forestry.

The forestry permit application process is well detailed in Barisan Gold's investor presentation available on the company's website. Over the next few weeks and months, Barisan Gold will formally apply for the Abong forestry borrow-use permit with the Indonesian Ministry of Forestry as soon as it receives the required technical consideration from the Indonesian Ministry of Energy and Mineral Resources.
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n of course, u know that Barisan is the step daughter of EAS.  Ask MH how he got this ba s t a r d    child or flower child....
Bullboard Posts