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 Aug 16, 2011 11:24am

281 Views

Post# 18947286

RE: Missing Permit?

My understanding is that the third sentence is, in fact, necessary because it refers to the "application process" for the mining permit which has not been completed whereas the previous sentences refer to the mining permir per se. This is quite clear from the statement that refers to the "bureaucratic process to acquire..."

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