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East Asia Commences Drilling and Geotechnical Survey, Provides Update on Feasibility Study, Environmental Report for Indonesian Gold Property
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2017) - East Asia Minerals Corporat...
About this update from Baru Gold Corp
[{"type":"text","content":"East Asia Commences Drilling and Geotechnical Survey, Provides Update on Feasibility Study, Environmental Report for Indonesian Gold PropertyVancouver, British Columbia--(Newsfile Corp. - October 10, 2017) - East Asia Minerals Corporation (TSXV: EAS) (the \"Company\") is pleased to provide an update on current exploration activities relating to the ongoing Indonesian Feasibility Study (IFS), AMDAL Environmental report status, geotechnical and metallurgical work being conducted at its Sangihe gold property in Indonesia. The company's focus is on completing Indonesian Feasibility Study (IFS) and AMDAL Environmental reports as once they are submitted and accepted by the Indonesian Mining Department (MEMR), construction of the mining facilities and infrastructure can begin at the Sangihe project. The company anticipates gold processing and production to begin by mid 2018. The Indonesian Feasibility Study is not a Feasibility Study as defined by CIM as required by NI 43-101. The Company cautions readers that the any production decision made by the Company will probably not be based on a NI 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased uncertainty and various technological and economic risks outlined in the \"forward looking statement\" below.The IFS, which is being conducted by Resindo Resources and Energy, an Indonesian consulting firm, is well underway and comprised of several elements:Drilling of new geotechnical core samples commenced on September 25, 2017 as part of the required components for Indonesian Feasibility Study (IFS) in order to provide the most up to date and accurate core sample for pit wall design. Hydro-geological surveying is underway and is designed to help locate and identify the water table level in the pit design and best water sources needed for upcoming drilling, heap-leaching and ultimately gold production. The Company anticipates completion of surveying by the end of October, 2017. Metallurgical surveying has been undertaken to identity the most suitable heap-leaching locations Drilling of the Metallurgy holes to provide the samples required for all of the Metallurgical test work required for the IFS commenced on October 5th and is anticipated to be completed by mid October 2017.The entire Sangihe exploration ca...