Business
East Asia Provides Update on Drilling Progress for Indonesian Gold Property
Vancouver, British Columbia--(Newsfile Corp. - December 13, 2017) - East Asia Minerals Corpor...
About this update from Baru Gold Corp
[{"type":"text","content":"East Asia Provides Update on Drilling Progress for Indonesian Gold PropertyVancouver, British Columbia--(Newsfile Corp. - December 13, 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 making a decision for 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 but is required under Indonesian law in order to obtain a licence to construct a production facility. The Company cautions readers that the any production decision made by the Company will 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:Metallurgical drilling of three twin holes has been completed during the month of October. These holes identify the most suitable heap-leaching locations. Samples obtained are currently undergoing Metallurgy Bottle Roll Test work at Geoservices Laboratory. Cyanide Soluble assay results received for the metallurgy samples submitted showed gold recoveries of 85% and silver recoveries of 96%.Drilling of six geotechnical holes, has commenced with hole number three in progress. This drilling is a required component for Indonesian Feasibility Study (IFS) in order to provide the most up to date and accurate core samples for pit wall design.Hydro-geological surveying is complete and is designed to help locate and identify the water table level in the pit design and best water sources needed for upcoming drilling, hea...