BARU GOLD Commences 25,000 Meters Drilling Development Program at Sangihe Binebase-Bawone Area
News Release
September 14, 2021 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD COMMENCES 25,000 METERS
DRILLING DEVELOPMENT PROGRAM AT SANGIHE
BINEBASE-BAWONE AREA
Vancouver, BC - Baru Gold Corp (“Baru”) or the (“Company”) 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 (RC) 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 initial area targeted for this drilling is covered in the Sangihe 2010 NI 43 -101 report
which i dentified 835,000 ounces of gold as an inferred resource between Binebase and
Bawone villages over approximately 1.2 kilometres. An infill drilling program will be
conducted in this area to upgrade some of the inferred resources i nto indicated and
measured resource status.
Thereafter, exploration drilling will continue over an additional 1.45 kilometres from
Bawone to South of Salurang village following the continua tion of this geochemical
anomaly. Once the initial exploration drilling in this area has been completed, the identified
resources will the n be infill drilled to bring some of these resources into indicated and
measured status as well.
Terry Filbert, Chairman and CEO of Baru Gold, commented, “With a pre -feasibility in
progress and mine construction commencing soon, the Company’s activities will ramp up
now that we are moving past the latest wave of pandemic and administration delays. T his
drilling program plan will prove up and add ounces, and exploration upside, to the Sangihe
area which has only seen 10% of the land package of 42,000 hectares explored and
sampled with modern techniques.”
Note: 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 t hat demonstrates economic and technical viability
and as such, there may be involved increased uncertainty and var ious technological and economic ri sks such
as the interpretation of drill results; the geology, grade and continuity of mineral deposits; t he possibility that
future exploration, development or mining results will not be consistent with our expectations; c ommodity
and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery
costs, and other relevant conversion factors, permitting and licensing risks; general market and mining
exploration risks and production and economic risks related to design and engineering, manufacturing,
technological processes and test procedures and the risk that the project 's output will not be salable at a
price that will cover the project's operating and maintenance costs.
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C1L6
www.barugold.com
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Pr oject (“Sangihe”) is located on the Indonesian island of Sangihe, off
the northern coast of Sulawesi. Sangihe has an existing National Instrument 43- 101
inferred mineral resource of 114,700 indicated and 105,000 inferred ounces of gold, as
reported in the Company's "Independent Technical Report on the Mineral R esource
Estimates of th e Binebase and Bawone Deposits, Sangihe Project, North Sulawesi,
Indonesia" (May 30, 2017). Readers are cautioned that mineral resources that are not
mineral reserves do not have demonstrated economic viability. The Company intends t o
proceed to production without the benefit of first establishing mineral reserves supported
by a feasibility study.
The Company's 70- percent interest in the Sangihe -mineral-tenement Contract of Work
("CoW") is held through PT. Tambang Mas Sangihe (“TMS”) . The remaining 30- percent
interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW
agreement is 30 years upon commencement of the production phase of the project.
Baru has met all the requirements of the Indonesian government and has been granted it s
environmental permit. The Company has received approval for the upgrade of its licence
to advance the Sangihe project to construction and production in late 2021/early 2022.
ABOUT BARU GOLD CORP.
Baru Gold Corporation is a dynamic juni or gold developer with NI 43-101 gold resources
in Indonesia, one of the top ten gold producing countries in the world. Based in Indonesia
and North America, Baru’s team of mining and finance prof essionals boasts extensive
experience in starting and operat ing small- scale gol d and coal assets. With sufficient
funds and strong retail and institutional shareholder support, Baru is positioned to become
Indonesia’s next gold producer.
Qualified Person
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geo logist of Baru Gold
Corp. is the Qualified Person as defined under NI 43- 101 who has reviewed and approves
the content of this release.
BARU GOLD CORPORATION
Per: “Terry Filbert”
Terry Filbert, Director
President & CEO
+1-206-890-8285
For investor contacts more information, please contact:
Kevin Shum
Investor Relations
647-725-3888 ext 702
Neither TSX Venture E xchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility f or the
adequacy or accuracy of this release.
Certain statements in this News Release, which are not historical in nature, c onstitute “forward looking
statements” within the meaning of that phrase under applicable Canadian securities law. These statements
include, but are not limited to, statements or information concerning future work programs, results and
timing of any work programs, the Company’s performance, or events as of the date hereof. These statements
reflect management’s current assumptions and e xpectations and by their nature are subject to certain
underlying assumptions, known and unknown risks and uncertainti es and other factors which may cause
actual results, performance , or events to be materially different from those expressed or implied by such
forward looking statements. Those risks include the interpretation of drill results; the geology, grade and
continuity of mineral deposits; the possibility that future exploration, development or mining results will not
be consistent with our expectat ions; commodity and currency price fluctuation; failure to obtain adequate
financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and
licensing risks; general market and mining exploration risks and product ion and economic risks related to
design and engineering, manufacturing, technological processes and test procedures and the risk that the
project’s output will not be salable at a price that will cover the project’s operating and maintenance costs.
Forward-looking statements should not be construed as investment advice. Readers should perform a
detailed, independent inves tigation and analysis of the C ompany and are encouraged to seek independent
professional advice before making any investment decision. Ac cordingly, readers should not place undue
reliance on any forward- looking statement. Except as required by applicable s ecurities laws, the Company
disclaims any obligation to update or revise any forward- looking statements to reflect events or changes in
circumstances that occur after the date hereof.