Baru Gold Corp.

Baru Gold Corp. is pleased to announce that it has closed $1,002,000.00, issuing 10,020,000 Units in the first tranche of the $1.6 million financing previously announced on October 18, 2021. Each unit will be comprised of one common share in the capital of the Company and one-half common share purchase warrant . Each full Warrant shall be exercisable into one Share at an exercise price of $0.17 for 2 years from the date [...]

Baru Gold Corp. | is pleased to announce the appointment of Murphy Geological Services to conduct a structural study for the entire Sangihe Island Contract of Work area. The study is scheduled to be completed before the end of this calendar year. This effort will involve the acquisition, processing, and interpretation of Sentinel-2 and Hi-Res satellite imagery to develop a structural synthesis for the geological [...]

Baru Gold Corp. | is pleased to announce a $1.6 million private placement . The Private Placement will consist of 16,000,000 units priced at $0.10 per unit . Each unit will be comprised of one common share in the capital of the Company and one-half common share purchase warrant . Each full Warrant shall be exercisable into one Share at an exercise price of $0.17 for 2 years from the date such Warrant is issued. The [...]

Baru Gold Corp. | is pleased to announce it has commenced construction of phase one of the Sangihe gold project. Construction will consist of clearing land, building two 100,000 tonnes heap leach pads, pit overburden removal, preparation of waste dumps, a crushing facility, and a processing plant area including access roads. Baru COO Garry Kielenstyn and the Indonesian team are currently on site to supervise the [...]

Baru Gold Corp. has, during the past month on Sangihe, undertaken reconnaissance mapping and sampling prior to the commencement of the Resource Development drilling program. This effort has identified four new prospects which could become future exploration drilling targets should the samples taken from these prospects return positive assay results. The four new prospects are known as Darelupang, West Bawone, Southwest [...]

Baru Gold Corp. or the | is pleased to announce, it has now approved the budget, signed the drilling contract, and embarked on a 25,000-meter drilling program. This Resource Development program will incorporate the use of a track mounted Reverse Circulation drilling rig and is expected to take 12 months to complete. The Company has selected Indodrill of Bogor, Indonesia as the drilling contractor to complete the work. The [...]

Baru Gold Corp. or the is excited to announce it has acquired the majority of the Phase One land targeted to start the initial mining production process per the mining plan previously announced in the news release on April 21st, 2021 - Land Acquisition Process. A majority of the Phase One land acquisition has been secured and the acquisition of the remaining hectares is expected to be completed over the next 30 days. The [...]

Baru Gold Corp. wishes to provide an update regarding a recent lawsuit filed in Jakarta against the Ministry of Energy and Mineral Resources of the Republic of Indonesia. On August 19, 2021, an initial hearing was held pursuant to the proceedings. Baru Gold was not named in the lawsuit, but the Company is proactively and vigorously supporting the MEMR. As the lawsuit relates to the mining permit granted to the 70% owned [...]

Baru Gold Corp. is pleased to announce the appointment of Mr. Colin James Davies to the board of directors. Mr. Davies is a senior mining executive with broad-based international experience in business development, corporate acquisitions, strategic and business planning, general management, knowledge databases, information technology, budgeting, and commodities. He has a successful track record in negotiating joint [...]

Baru Gold Corp. wishes to provide an update to stakeholders and investors on the recent COVID-19 situation in Indonesia, its impact on operations, and updates on the Sangihe gold project. As of July 12th, 2021, Indonesia has reported more than 2.5 million cases overall with daily coronavirus infections ramping up to 50,000 cases. Compared to the winter peak of 11,000 new cases per day in January of 2021, the Delta and [...]