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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
Comment by PeterMacd2on Feb 12, 2019 2:42pm
34 Views
Post# 29354340

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Not sure what to take away from this...

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Not sure what to take away from this...Brodeur, nope, sorry but if you look back through EAS's press releases far enough, you'll find that all of the drilling that has taken place at Miwah was done pre-2011. There is no indication that they have drilled there since then.  I'm pretty sure the Miwah Research Model and Inferred estimate from EAS (I. Taylor, 2011) referenced in their current Investor Presentation (pages 14-18) dates from data collected about 10 years ago or earlier.  Miwah is still "no go".  And given the furious international protests that occurred back then when people realized exploration was going on in a Protected Forest Reserve, it is hard to see how  the Indonesian govt politically could approve exploration, much less production, at Miwah these days.  Not sure how many other readers of this EAS BB have been around for 10 years; anyone else remember those events?

brodeur - (2/12/2019 1:33:35 PM)  They know it’s a protected area and they have still been drilling. Thus it’s not a no go. It’s just how to go.
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