Business
Baru Gold Corp Updates Land Acquisition at Sangihe Gold Project
(TheNewswire) January 13, 2021 – TheNewswire - Baru Gold Corp ...
About this update from Baru Gold Corp
[{"type":"text","content":"Baru Gold Corp Updates Land Acquisition at Sangihe Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n January 13, 2021 – TheNewswire -\n \n \n Baru Gold Corp (“Baru” or the “Company”)\n \n \n (\n \n \n TSXV:BARU\n \n \n )\n \n \n |\n \n \n (OTC:\n \n \n BARUF\n \n \n )\n \n \n is pleased to\nupdate stakeholders on the progress made by Martin Jati Lawyers on the\nland acquisition process previously announced August 22, 2020.\n \n \n \n \n The land acquisition survey has allowed the Baru team\nto identify the area of interest around the Sangihe gold project based\non recommendations and analysis from Baru COO Garry Kielenstyn and\nChief Geologist Frank Rocca in Indonesia.\n \n \n \n \n The land acquisition team of Martin Jati will now\ncommence with the land acquisition of the Phase One Mining Area with\nthe aim of finalizing the results from the survey in Q1 2021 and to\npay for the land packages so construction can commence in the next\nmonth.\n \n \n \n \n Baru Gold’s CEO Terry Filbert comments,\n \n \n “I am incredibly pleased with the\nprogress that the Baru Gold team made as they continue to push forward\nin the acquisition of the mining pit, waste dump, access roads, and\nheap leach pad operations area for our Phase One mining land package.\nAdministratively, this has not been easy with the second wave of\nCOVID-19 sweeping through Indonesia. I commend the team for their\nfocus and dedication and thank all parties who worked with our team\nfor being diligent on our filings and for being creative in\nfacilitating virtual meetings during the current pandemic situation in\nIndonesia.”\n \n \n \n \n ABOUT SANGIHE GOLD PROJECT\n \n \n \n \n The Sangihe gold-silver project is located on the\nisland of Sangihe off the northern coast of Sulawesi and has an\nexisting National Instrument 43-101 inferred mineral resource of\n114,700 indicated and 105,000 inferred ounces of gold as reported in\nthe Company's \"Independent Technical Report on the Mineral\nResource Estimates of the Binebase and Bawone Deposits, Sangihe\nProject, North Sulawesi, Indonesia\" dated May 30, 2017. Only 10%\nof the gold bearing area has been explored. Readers are cautioned that\nmineral resources that are not mineral reserves do not have\ndemonstrated economic viability. The Company's 7...