Baru Gold Corp. is pleased to announce that it has successfully closed its secured convertible loan transaction with Mercer Street Global Opportunity Fund, a fund managed by Mercer Street Capital Partners, LLC, a Miami-based institutional fund manager, and raised a net proceeds of US$1,500,000 to fund the development and construction of the Sangihe gold mine in Indonesia, and for general working capital as announced its [...]
Baru Gold Corp. is pleased to announce it has entered into a convertible loan agreement with Mercer Street Global Opportunity Fund to raise net proceeds of US$1,500,000 to fund the development and construction of the Sangihe gold mine in Indonesia, and for general working capital. Terry Filbert, Chairman and CEO of Baru Gold, commented, "The Company's ability to raise these funds in this challenging market is a testament [...]
Baru Gold Corp. announces that Mr. Gerhardus Kielenstyn has resigned as a Director of Baru Gold and as Chief Operating Officer of the Company's subsidiary PT Tambang Mas Sangihe effective immediately. Mr. Jiriel Kumajas, Director of General Administration of the TMS Project, will replace Mr. Kielenstyn as Interim Chief Operating Officer of TMS until a permanent replacement is found. The Company also wishes to provide an [...]
Baru Gold Corp. is pleased to provide an update on its continuing community relations efforts on Sangihe Island and the dismissal of a lawsuit filed in Jakarta in August of 2021, against the Ministry of Energy and Mineral Resources in Indonesia, in relation to Baru's subsidiary, PT Tambang Mas Sangihe. 2022-Q1 Education Second donation made to SD Inpres Bentung to participate in the next level of Clean School competition [...]
Baru Gold Corp. | is pleased to announce it has substantially completed clearing of the land and commenced earthworks on the heap leach pad for the Sangihe gold project. Initial capacity of the heap operation has been set at 100,000 tonnes. The heap leach pad measures 127 by 64 meters. There are currently more than 60 labourers working on the construction project and 90% are local hires from Sangihe Island. This number [...]
Baru Gold Corp. | is pleased to report on our commitment and the viability of the Sanighe Gold project based on the metallurgical studies and the milestones on permitting and advancing the Sangihe Gold project. With land clearing and construction ongoing, the BARU Gold team has reviewed metallurgy of the project in detail. A metallurgical review and study are a crucial part of transitioning an exploration project to a [...]
Baru Gold Corp. announces that it has granted an aggregate amount of 900,000 stock options to directors, employees and consultants of the Company in accordance with the provisions of the Company's stock option plan, subject to the approval of the TSX Venture Exchange. Each option entitles the holder to purchase one common share of the Company at an exercise price of $0.06 for a two-year period. ABOUT SANGIHE GOLD PROJECT [...]
Baru Gold is pleased to announce that the continuing field analysis of the 23 new exploration targets identified in the structural study has provided promising results. Initial Field Analysis continued with mapping and sampling of artisanal workings and outcrops found within the Priority 1 Rome Target area. The analysis then progressed to mapping and sampling beyond the eastern boundary of the Priority 1 Canberra Target [...]
Baru Gold Corp. is pleased to announce that it has commenced field analysis of the 23 new exploration targets identified in the structural study with some promising initial results. Initial field analysis began with mapping and sampling of artisanal workings beyond the western boundary of the Priority 1 Kingston Target which has been named Kingston West and then progressed to the mapping and sampling of outcrops found [...]
Baru Gold Corp. is pleased to announce that the structural study commissioned back in October 2021 has been completed and received with 23 new exploration targets identified. The Company appointed Murphy Geological Services to conduct a structural study for the entire Sangihe Island Contract of Work area which involved the acquisition, processing, and interpretation of Sentinel-2 and Hi-Res satellite imagery to develop a [...]
Baru Gold Corp. is pleased to provide stakeholders and shareholders with an operational summary for 2021 and an outlook for 2022. 2021 SUMMARY Listing on US Exchange Baru began trading on the OTCQB under the ticker symbol BARUF. The OTCQB is a US marketplace for entrepreneurial and development-stage US and international companies that are committed to providing a high-quality trading and information experience for their [...]
Baru Gold Corp. is pleased to announce the arrival of the drill rig on Sangihe Island yesterday. The 25,000-metre drilling program announced in a news release dated Sept 14, 2021 will commence immediately. The initial area targeted for this drilling program is covered in the Sangihe 2010 NI 43-101 report which identified 835,000 ounces of gold as an inferred resource between Binebase and Bawone villages over approximately [...]