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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Post by sal_bandoon Jul 16, 2010 1:37pm

444 Views

Post# 17275416

IUP

Another important consideration is that a state controlled firm is given priority in developing an SRA. Worst comes to worst, EAS may have to hook up with an Indonesian company. Mind you this is a worst case scenario. This is an option if

1. A dispute regarding the IUPK goes against EAS and
2. Miwah is designated as an SRA

Given that an SRA is designated by parliament, it should be straightforward to find out which areas in Indonesia have been designated as SRA's. (anyway that is just my opinion).

Maybe SHAFT can help with this. LOL

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