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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

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.


TSXV:BARU - Post by User

Bullboard Posts
Post by knowsnothing613on Aug 22, 2011 5:50pm
477 Views
Post# 18968413

Thoughts

Thoughts

 I read that underground mining in protected forest may be exempt from the moratorium.

How feasible, and economical would it be for EAS to operate an underground mine @ Miwah?

I think they bought into Carbon Conservation, so they can find protected forests in Aceh, so EAS can swap. For instance, they may say that for every hectare of protected forest they mine, they will conserve 2, or 3 hectares in protected forest, overseen by Carbon Conservation. So they may still be able to get permitted for an open pit mine, if the local government has enough political cover, from the swap program, for granting EAS a mining permit.

disclaimer: I bought in today  

Bullboard Posts