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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.


TSXV:BARU - Post by User

Baru Gold Corp
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Post by momo14on Nov 26, 2024 2:10pm
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Post# 36331770

NEWS BEHIND NEWS read guys read!!

NEWS BEHIND NEWS read guys read!!
Hashim is IN, DONE DEAL. Welcome Arsari!!
 
The balance of the funds received will be used for working capital while the Company completes the due diligence for the funding of production operations that was announced in the news release of November 21, 2024, and completes the regulatory process to transfer the shares and options to PT Arsari Tambang that was announced on the November 18, 2024 news release. TMS has already applied to the Indonesian Ministry of Energy and Mineral Resources to approve PT Arsari Tambang as a shareholder of the Contract of Work. This is a required and standard procedure. Once approved, the shares of TMS can be transferred to PT Arsari Tambang and when the transfer is complete the Company will update shareholders.
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