BARU GOLD Receives Completed Structural Study with 23 New Exploration Targets Identified
News Release
February 7, 2022 Trading Symbol: “BARU: TSX.V | BARUF: OTCQB”
BARU GOLD RECEIVES COMPLETED STRUCTURAL STUDY
WITH 23 NEW EXPLORATION TARGETS IDENTIFIED
Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) 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 (“MGS”) to conduct a structural
study for the entire Sangihe Island Contract of Work (CoW) area which involved the
acquisition, processing, and interpretation of Sentinel-2 and Hi-Res (WorldView, GeoEye
and Pleiades) satellite imagery to develop a structural synthesis for the geological
occurrence of known gold occurrences, and to establish a benchmark for future exploration.
The study was undertaken at 1:10,000-1:15,000 scale to establish the structural framework
and generate targets for gold exploration. A high resolution (Hi -Res) mosaic for the
Sangihe CoW was interpreted at up to 1:2,000 scale. The Sentinel-2 images were draped
onto an ASTER based Global Digital Elevation Model (GDEM) to help accentuate
topographically controlled structure and domal features. This has resulted in MGS
identifying twenty-three new exploration targets in the Sangihe CoW.
The identification of the targets is based on criteria that include s the presence of major
faults, inflections along major faults, major fault intersections, radial major/second order
faults related to the Kakiraeng stratovolcano, location within the newly identified
Kakiraeng-Taware Fault Zone (KTFZ) or along its bounding structures, domal/circular
features, linear resistant features, eroded volcanic center/caldera rim, artisanal workings,
prominent aeromagnetic lineaments, and proximity to known gold mineralization.
Twelve of the target areas are classified as Priority 1, eight have a Priority 2 ranking , and
the remaining three target areas are classed as Priority 3. The next step will involve f ield
analysis to verify the geometry and kinematics of the major structures identified from the
satellite image interpretation. This will lead to “ground truthing” of the various targets,
followed by benchmarking and comparison using standard exploration techniques to
determine their individual prospectivity.
Mr. Terry Filbert, CEO of Baru, commented, “These are exciting times for the exploration
team as we seek to expand our knowledge of the CoW beyond the known Binebase-Bawone
deposits for additional ore resources. I look forward to reporting the results in due course.”
Baru Gold Corporation
9th Floor 1021 West Hastings St
Vancouver, BC V6C 1L6
www.barugold.com
ABOUT SANGIHE GOLD PROJECT
The Sangihe Gold Project (“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 Resource
Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi,
Indonesia" (May 30, 2017). Readers ar e cautioned that mineral resources that are not
mineral reserves do not have demonstrated economic viability. The Company intends to
proceed to production without the benefit of first establishing mineral reserves supported
by a feasibility study.
The Comp any'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 its
environmental permit. The Company has received approval for the upgrade of its licence
to advance the Sangihe project to construction and production in early 2022. Construction
at Sangihe gold heap leach project is currently underway.
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 that demonstrates economic and
technical viability and as such, there may be involved increased uncertainty and various
technological and economic risks such as 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 expectations; 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 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.
ABOUT BARU GOLD CORPORATION
Baru Gold Corporation is a dynamic junior near-term producer and 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 professionals
boasts extensive experience in starting and operating small-scale gold and coal assets. With
sufficient funds and strong retail and institutional shareholder support, Baru is positioned
to become Indonesia's next gold producer.
Frank Rocca, BAppSc.(Geology), MAusIMM, MAIG, Chief Geologist of East Asia
Minerals Corp. is the Qualified Person as defined under NI 43-101 who has reviewed and
approves the content of this release.
BARU GOLD CORP
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 Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Certain statements in this News Release, which are not historical in nature, constitute “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
expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and
uncertainties 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 expectations; 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 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. Forward -looking statements should not be
construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the
Company and are encouraged to seek independent professional advice before making any investment decision.
Accordingly, readers should not place undue relian ce on any forward -looking statement. Except as required by
applicable securities 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.