Baru Gold Corp V.BARU

Alternate Symbol(s): BARUF

Metals & Mining Gold

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. 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.

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Baru Gold Corp

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Comment by sal_bandoon Mar 31, 2010 12:03pm

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Post# 16944401

RE: China's Demand for Gold

I think it is highly unlikely that a Chinese sovereign fund will be involved in this. That would send the price of Gold sky high. Look what happened to gold when people found out that the Indian central bank was buying. The Chinese are too smart for this. If they start accumulating gold you can rest assured that will be keeping this very quiet.

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